Oman’s MHD to establish pharma manufacturing facility at SOHAR Free Zone

Oman’s MHD to establish pharma manufacturing facility at SOHAR Free Zone

One of the largest and most successful privately-owned business houses in the Gulf region, Oman-based Mohsin Haider Darwish LLC (MHD) will establish the Middle East and North Africa (MENA) region’s first-of-its-kind pharmaceutical manufacturing facility at the SOHAR Free Zone.

MHD has signed an agreement with Mr. Ali Moosa al Bulushi, National Bank of Oman (NBO), and SOHAR Free Zone for Penicillin General Integrated Industrial Company (Pen-G).

Under the agreement, Pen-G will be owned by MHD LLC and Mr. Ali Moosa Al Bulushi. The joint venture will set up a state-of-the-art fermentation plant for the manufacture of major pharmaceutical start-up materials in the SOHAR Freezone. The NBO will be the primary bank to finance the project.

The signing ceremony, held recently at Pen-G Head Office in Ghala, had Mr. Ali Moosa al Bulushi, Mr. Mohammed Abdullah Al Kharusi, Chief Executive Officer, MHD LLC, Mr. Abdullah Zahran Al Hinai, Chief Executive Officer, National Bank of Oman, and Mr. Omar bin Mahmood Al Mahrizi, Chief Executive Officer of SOHAR Freezone and Deputy Chief Executive Officer of SOHAR Port and other members of the executive and senior management of the four companies in attendance.

Commenting on the agreement, Mr. Mohammed al Kharusi stated that “As of 2020, the