$253mln medical factories under construction in Abu Dhabi

$253mln medical factories under construction in Abu Dhabi

Abu Dhabi Department of Economic Development (ADDED) has announced that work is currently under way on 10 major industrial projects - linked to pharmaceutical and medical industries - being developed in the emirate at an investment of AED932 million ($253 million) to help achieve self-sufficiency in the emirate's health sector.ADDED said the government had identified 23 industrial areas for setting up factories. The total number of licences issued for medical manufacturing in the emirate reached 23 with an investment value of AED1.992 billion ($542 million).Among these investment areas, 14 belong to new industries in the market while the other nine are already existing ones, it added.The identification of investment areas is part of the ‘Basic Industries' project being implemented by ADDED's Industrial Development Bureau in collaboration with Abu Dhabi Investment