Business

Pact to explore potential for pharma complex in Nizwa

DSC03803
 
DSC03803
The Public Establishment for Industrial Estates (Madayn) signed on Wednesday a cooperation programme with the University of Nizwa seeks to study the possibility of establishing a complex for pharmaceutical industries in Nizwa Industrial City

The pact was signed by Hilal bin Hamad al Hasani, CEO of Madayn, with Dr Ahmed bin Khalfan al Rawahi, Chancellor of the University of Nizwa.

The cooperation programme with University of Nizwa stems from the significance of joint cooperation to boost expertise and capabilities exchange from both sides, crystallise public-private partnership, contribute in enhancing the Sultanate’s position as a leading regional centre of manufacturing, innovation and entrepreneurship excellence, and attracting industrial investments. This cooperation programme also comes along the lines of the efforts made to achieve Oman Vision 2040, economic diversification, and sustainability based on knowledge, innovation and research.

Under this cooperation programme, the University of Nizwa will study the possibility of establishing a complex for pharmaceutical industries in Nizwa Industrial City in line with the objectives of the two sides to establish an incubator industrial base for pharmaceutical industries to achieve an added value in considerable production of pharmaceutical raw materials in the Sultanate.

This cooperation shall also contribute to providing technical and industrial support and solutions to the operating factories as well as encouraging investments in this sector, and consequently creating more job opportunities.

Moreover, the cooperation programme with University of Nizwa includes proposing and developing a technical training programme for the employees in the companies and factories based in Madayn’s industrial cities in addition to Al Mazunah Free Zone and Knowledge Oasis Muscat.

This shall also facilitate access to practical training opportunities for the students of University of Nizwa according to their specialisations in the various companies and factories, and encourage these companies and factories to offer scholarships for general diploma graduates to pursue undergraduate and postgraduate studies at the University of Nizwa in specialisations that meet the employment requirements of the companies and factories.

As per the programme, Madayn officials will take part in advisory boards at the University of Nizwa with the objective of expertise exchange and contribution to the development of academic programmes in line with the needs of the labour market.