Monday 10 December 2018

Felix Pharmaceutical to set up $365m plant in Oman

MUSCAT, March 6, 2018

Oman’s Salalah Free Zone recently celebrated the laying of foundation stone for Felix Pharmaceutical Industries' plant with an investment of OR140 million ($365 million), said a report.

The plant will produce more than 100 types of pharmaceuticals, added the Times of Oman report.

The project will be implemented in three stages, starting in 2018 and ending in 2021. More than 20 international markets will be covered, it said. Ir will include a research and development centre and high quality international laboratories as well as it will provide job opportunities for more than 300 men and women in the sultanate.

The ceremony was attended by Ahmed bin Nasser Al-Mehrazi, Minister of Tourism and chairman of Salalah Free Zone Company, in the presence of Mohammed bin Sultan Al Busaidi, Minister of State and Governor of Dhofar and a number of international dignitaries, officials and companies involved in the pharmaceutical industry.

The project seeks to establish an industrial logistics centre for international companies in this field and a point of contact between local and international investors to achieve joint economic growth and provide the pharmaceutical needs of the public and private sectors from a local source as well as reduce the cost of imports and the operation of national cadres and attract international expertise, added the report.

Tags: | Oman | plant |

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