OZON Pharmaceuticals signs agreement to develop AED 293 million manufacturing facility at Dubai Industrial City

Dubai, UAE, 1st August 2024: : OZON Pharmaceuticals has signed a musataha agreement to establish a manufacturing facility spanning 150,700 sq.ft. at Dubai Industrial City, the region’s leading industrial and logistics hub.

The new facility at Dubai Industrial City, part of TECOM Group PJSC, represents an investment of more than AED 293 million across two phases and is planned to operate at full capacity by next year.

The musataha agreement was signed during an official ceremony attended by His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, His Excellency Omar Al Suwaidi, Undersecretary of the UAE Ministry of Industry and Advanced Technology, and His Excellency Alexey Gruzdev, Deputy Minister of Industry and Trade of the Russian Federation, on the side lines of INNOPROM 2024 in Ekaterinburg. Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group PJSC, signed the agreement with Dr Mustafa Khalaf, General Manager at OZON Pharmaceuticals.

“Localised medical manufacturing strengthens supply chains, response times, and self-sufficiency, all of which are essential levers to embed resilience in the healthcare sector,” said Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group, on behalf of Dubai Industrial City.

“Achieving such socioeconomic security through the manufacturing sector is among the visions of the Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’ strategies. In alignment with their goals, Dubai Industrial City provides world-class infrastructure and a pro-business environment for homegrown medical manufacturing to thrive. We will continue to nurture local talent and innovation to contribute towards building a self-reliant healthcare ecosystem for the region.”

Dr Mustafa Khalaf, General Manager at OZON Pharmaceuticals, said: “Our vision through the launch of this facility is to have a positive impact on the manufacturing and healthcare sectors in the UAE, the wider Middle East, and the CIS regions by ensuring a consistent supply of high-quality medicines. We also aim to foster technological innovation and elevate the standards of healthcare delivery in these regions. As one of the region’s largest industrial centres, Dubai Industrial City has played a pivotal role in driving the development of the local industrial sector and achieving sustainable development in the UAE. Its streamlined administrative procedures and strategic location made it an ideal choice for establishing our facility.”

Phase 1 of the project will be developed through an AED 110 million investment and will have a production capacity of more than 300 million tablets a year. Upon completion, the facility will serve key markets in the GCC and regional countries such as Iraq, Morocco, Algeria, and Libya.

In the initial phase, 100 employees across specialisations such as quality assurance, pharmaceutical control, and manufacturing will work at the facility, which will feature advanced medicine tracking systems to provide traceability and security through all stages of the product development lifecycle.

OZON Pharmaceuticals is the latest medical leader to join Dubai Industrial City, which is home to more than 1,000 local, regional, and international customers including Standard Carpets, Himalaya Wellness, IFFCO Group, and Unilever and over 300 operational factories.

Launched in 2004, Dubai Industrial City offers connectivity to Al Maktoum International Airport, Jebel Ali Port, an Etihad Rail freight terminal, and critical regional road networks and features specialised infrastructure, including industrial land, storage, and logistics spaces across a sector-specific masterplan with dedicated zones for the base metals, machinery, minerals, F&B, transport, and chemical industries.

Dubai Industrial City is part of TECOM Group’s portfolio of business districts that include Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Design District (d3), and Dubai Science Park.