An influx of international healthcare providers provided a shot in the arm to the Dubai Biotechnology and Research Park (DuBiotech) free zone last year as it doubled the number of commercial licences it issued.
In a statement released yesterday, DuBiotech said it issued 40 commercial licences to pharmaceutical, medical and biotechnology companies last year, compared with 21 in 2011.
This helped DuBiotech to push up total occupancy at the park to 60 per cent as international firms such as Bayer Middle East, Lupin Middle East, Life Technologies, Sobi Middle East and Workhardt set up bases in the park. Occupancy for warehouses last year increased from 20 per cent to 75 per cent as the park leased 68,750 square feet to new tenants while existing tenants the perfume producer Firmenich and medical service provider Maquet expanded their operations.
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