UAE tops region in terms of foreign investments in biotechnology sector
- Date: 16-Feb-2021
- Source: Mubasher
- Sector:Technology
- Country:UAE
UAE tops region in terms of foreign investments in biotechnology sector
UAE - Mubasher: The UAE has topped the Middle East and Africa region in terms of the number of new foreign direct investment (FDI) projects in the biotechnology sector, as shown by the FDI Markets Index, issued by the Financial Times's FDI Intelligence magazine.
The index highlights capital flows and new FDI projects across the world and selects the best FDI destinations in the world, according to a press release on Tuesday.
The UAE has also been ranked third in the region in the volume of capital invested in these projects during the 2003-2020 period.
The Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, said: "Many research and innovation centers have also been established in this field, such as the Dubai Science Park Lab Complex, the Al Jalila Foundation for Medical Innovation, the Research Bank UAE of the Ministry of Health and Prevention, and many other institutions, facilities and projects specialised in modern biological technologies."
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