SALALAH, March 3 -
The process to set up an international complex for pharmaceutical industries at Salalah Free Zone (SFZ) started with the foundation laying ceremony of Philex Pharmaceuticals on Saturday.
The complex, which is to come up with an estimated investment of $365 million, is a strategic partnership between ABELA International and Arab Group for Investment.
The investment is in line with the good relations between Qatar and Oman and an attempt to benefit from the promising opportunities in the pharmaceutical industries in the world.
The ceremony was held at the factory site inside the newly constructed SFZ campus under the auspices of Ahmed bin Nasser al Mehrzi, Minister of Tourism and Chairman of Salalah Free Zone Company.
The pharmaceutical company would come up on 100,000 square metres area in three phases, as the first phase would cover 10,000 sqm and would be ready for commissioning in another 36 months. South Korean company CTCBio would provide technical support in the establishment of Philex Pharmaceuticals in Salalah.
The company would have three production lines for medicines under which more than 100 drugs would be produced.
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