By Staff writer
Plans to expand DuBiotech free zone office space by 500,000 sq ft to be completed next year
The number of new business partners based in Dubai Biotechnology and Research Park (DuBiotech) and the Energy and Environment Park (EnPark) rose by a combined 20 percent in the year to July, it has been announced.
Forty-five new businesses joined the communities of DuBiotech and EnPark, located in Dubai's burgeoning growth corridor, Al Barsha South.
The number of companies in both business parks now totals 269, a statement said, adding that world renowned names such as Pfizer, Amgen, PepsiCo, Bayer, ThermoFisher, and First Solar are located within the free zone.
The free zones support both start-ups and international firms looking for a regional base for their Middle East or global operations.
In response to continued year-on-year increases in new business partners, plans were revealed last year for a new DuBiotech headquarters to be completed in 2016. The development will consist of two high-rise towers and provide over half a million square feet of office space.
Marwan Abdulaziz, executive director of DuBiotech and EnPark said: "New business partner growth at DuBiotech and EnPark continues to rise steadily each year, a feat that we are extremely proud of. Our business community is as active and vibrant as ever.
"The 45 new business partners we welcomed in the past year is a testament to our state of the art facilities and world class business communities. I expect demand to remain strong as the opening of our new headquarters in 2016 grows closer."
TECOM Investments announced last year an investment of AED4.5 billion as part of a broader Dubai National Innovation Strategy.For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.