Valued at over AED130m, the factory will produce a range of intravenous solution products
DUBAI: Cairo-headquartered MD Pharma Factory will expand to Dubai Industrial City and becomes the first Egyptian medicine manufacturing facility in the UAE, spanning 223,000 square feet plot and launch in 2025.
The factory will produce a range of intravenous solution products to serve markets across the GCC and Africa.
Valued at more than AED130 million, the agreement reflects Dubai Industrial City’s growing attractiveness to international investors and manufacturers.
MD Pharma Factory’s partnership with Dubai Industrial City is also aligned with national strategic visions including Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’.
The new agreement is part of a series of successes for Dubai Industrial City, which has attracted investments worth more than AED2.8 billion within 18 months amid its continued commitment to expand its ecosystem and cementing its position as the region’s leading manufacturing and logistics hub.
Collaboration is crucial
“There is no substitute for lasting value that is created by fostering a robust homegrown manufacturing sector,” Saud Abu Alshawareb, Executive Vice President – Industrial at Tecom Group, on behalf of Dubai Industrial City, said.
“Collaboration is crucial to encourage the co-creation of such long-term impact through manufacturing industry investments, and the UAE and Dubai are well-placed international investment hubs to drive global cooperation towards this goal.”
The agreement was announced at the third edition of the Make it in the Emirates Forum, which serves as a platform to showcase enablers and investment opportunities within the UAE’s industrial.
Dubai Industrial City officially launched 13.9 million square feet of additional land during the event amid rising local and regional demand for high-quality industrial capacity.
Dubai Industrial City, home to more than 1,000 local, regional, and international customers including Standard Carpets, Himalaya Wellness, IFFCO Group, and Unilever, in addition to more than 300 operational factories, showcased the possibilities enabled by its sector-specific infrastructure and intelligently master planned ecosystem at the event.
