Three new pharmaceutical factories established in Sharjah

file

Three new pharmaceutical factories with a combined investment value of AED 308.7 million ($84 million) have been established in Sharjah, joining existing pharmaceutical plants in the emirate. 

The factories will specialise in producing respiratory products, eye drops, antibiotic capsules, stomach medications, and first aid materials. Construction is underway, with completion expected between mid and late 2026.

The Chairman of the Organising Committee, Dr. Munir Rayyan, highlighted the significance of these agreements in strengthening the pharmaceutical partnership between global companies and UAE-based factories, boosting the UAE's role in the regional pharmaceutical economy.

The new factories signal the UAE's growing role in pharmaceutical innovation and its ability to compete globally in the health sector.

With a $44 million investment, the first factory will produce eye drops and respiratory products, utilising cutting-edge technologies. Construction will be completed by late 2026.

The second, a $35 million investment in a 10,000-square-foot space, will produce antibiotic capsules and stomach medications. It will have a production capacity of 600 million capsules annually, with operations starting in 2026.

The third factory, worth $5 million, will focus on first aid products, with construction set to begin later this year and completion expected early next year.

More from Business News

  • China's ByteDance signs deal to form joint venture to operate TikTok US app

    TikTok's Chinese owner, ByteDance has said it signed binding agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday, in a bid to avoid a US government ban, a significant step toward ending years of uncertainty.

  • India reviewing allegations of antitrust breaches by IndiGo

    India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.

  • DXB and DWC boost winter schedules with new routes

    Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.

  • Amazon in talks to invest in OpenAI

    Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.

Blogs