28 February, 2021
UAE Stands at the Top in the Region in Biotechnology Sector
UAE has is at the top position in the Middle East and Africa region regarding the FDI in the biotechnology sector as mentioned in the FDI markets index.
The index, issued by the Financial Times FDI intelligence magazine, focuses on the point that UAE is favored as the best FDI destination in the world due to the capital flows and new FDI projects.
UAE has been ranked third in the region in the amount of capital invested in these projects during the 2003-2020 period.
The Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, stated that various research and innovation centers have also been setup in this field like Dubai Science Park Lab Complex, the Al Jalila Foundation for Medical Innovation, the Research Bank UAE of the Ministry of Health and Prevention, and many other institutions, facilities and projects specialized in modern biological technologies.