US-based leading pharmaceutical technologies company, Gabri Labs has signed an agreement with Dubai Science Park to build its 10,000 sq ft production facility at an investment of $4.9 million (AED18 million).
According to the statement, the new facility aims to locally produce medical devices. It will support the production of multiple lines and a diverse product portfolio, which includes the ENT brand, OTOMAR, and the dermatological solutions line, Curadem.
“Leaders in the therapeutic areas of ear, nose, and throat (ENT) and Dermatology, Gabri Lab’s new facility will enable the pharmaceutical brand to produce an initial volume of 12 million units per year, with further expansions planned by 2023,” the company said.
The medical devices will have the ‘Make it in the Emirates’ stamp, a government-backed initiative to boost the local manufacturing industry, and will be distributed to markets across the Middle East and North Africa (MENA) region.
Marwan Abdulaziz Janahi Managing Director Dubai Science Park
“Our leadership’s focused efforts to advance the manufacturing sector and boost innovation under ‘Operation 300bn’ are directly enhancing Dubai’s healthcare landscape. Pharmaceutical companies are increasingly choosing our emirate as a destination to expand operations into the MENA region, backed by an enabling business environment and regulatory framework. Dubai Science Park strives to facilitate the expansion of international firms like Gabri Labs by continually providing them access to robust infrastructure, communication with key regulatory bodies, and a collaborative ecosystem that eases business set-up and growth.”
Mr. Elio Gebrayel, Managing Director of Gabri Labs, commented that, “We are thrilled to enter a new chapter of our story in Dubai and the wider MENA region with the construction of our brand-new facility in the emirate.”
“Dubai Science Park’s dynamic business environment and robust infrastructure have been essential in facilitating our seamless setup, allowing us to easily access MENA’s diverse markets while participating in a vibrant community of researchers, scientists, pharmacists, and more. Our new facility will allow us to cater to more patients across the region and continue innovating and leading the therapeutic ENT and dermatology sectors,” Mr. Gebrayel added.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
