Booming biotechnology industry offers huge job prospects for today’s youth

Booming biotechnology industry offers huge job prospects for today’s youth

Ras Al Khaimah, UAE: The global biotechnology market is projected to reach USD 3.88 trillion by 2030, registering a Compound Annual Growth Rate (CAGR) of 13.96%, according US market research and consulting company, Grand View Research. Other studies predict a higher CAGR of over 30 per cent.

In the MENA region, the biotechnology sector is experiencing phenomenal growth, reflected in the UAE attracting more FDI into the sector than any other country in the region. According to a report by the Dubai Chamber of Commerce, the biotechnology market in the region is expected to reach $2.6 million by 2028, with the UAE and Saudi Arabia accounting for the largest share. In the 2023 federal budget, the UAE allocated $1.3 billion for healthcare and community protection.

Universities across the globe are vying with one another to attract students to this promising field through specialized courses. AURAK is running a comprehensive four-year undergraduate program covering diverse areas of Biotechnology, such as Molecular and Cellular Biology, Genetics, Microbiology, Drug Discovery, Medical Biotechnology, Forensics, and Food and Agricultural Sciences. The program combines expert-led courses with practical laboratory sessions, including co-requisite laboratory-based modules, providing theoretical knowledge and practical skills.

AURAK’s Bachelor of Science in Biotechnology is accredited by