The Horizons Development Studies Association has recently completed an initial feasibility study for the construction of a new pharmaceutical and veterinary product manufacturing plant in the UAE.
The new factory, whose cost is valued at 14 million Emirati dirhams ($3.8 million), is expected to satisfy 20 to 25 percent of the domestic veterinary health products demand within two years, according to Al-Ittihad daily.
The UAE has experienced an steadily increasing demand for veterinary medicines over the past few years, as a result of the growth in its poultry and cattle industry.
Consequently, imports of veterinary products to the UAE rose to Dh 260 million in 2000, up from Dh 188 million in 1995. ― (MENA Report)
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