Dubai, United Arab Emirates - Sunday, February 17th 2013 [ME NewsWire]
Dubai Biotechnology and Research Park (DuBiotech), a member of TECOM Investments, has continued to strengthen its position as the Middle East’s premiere free zone business park dedicated to the development of the life sciences industry.
In 2012, DuBiotech delivered exceptional growth, as 40 commercial licences were issued compared to 21 in 2011, a year-on-year increase of 50 per cent, taking the total number of companies based in the free zone to 126. The business centre in the lab building is also now 100 per cent occupied with a mix of both multinational and small and medium sized firms.
The year began with a 20 per cent occupancy rate for warehouses, however, over the course of 2012 that increased to 75 per cent – with the space being utilised by a combination of pharmaceutical, food, environmental and medical equipment companies such as, Bayer Middle East, Lupin Middle East, Life Techn
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