The successful accomplishment of this milestone establishes Oman as a prominent participant within the global pharmaceutical sector.
Opal Bio Pharma (OBP), a pharmaceutical company situated in Oman, has initiated the establishment of the nation’s first facility exclusively devoted to the production of indispensable pharmaceuticals and immunizations.
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The Times of Oman said that the first stone was laid for this groundbreaking building in Khazaen Economic City. The building is expected to cost OMR 60 million ($156 million).
The factory will be built in two stages, with the second part costing about OMR 60 million and taking up an area of 37,000 square meters.
It is believed that the project will be finished within two years. The facility is expected to start making things in the fourth quarter of next year, which will be a big step forward for the healthcare business in the country.
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The rise of Oman in the pharmacy business
The main goal of this project is to make it possible to make vaccines and drugs locally so that countries don’t have to rely so much on imports, especially during crises and pandemics.
By increasing production at home, Oman hopes to achieve drug security and improve its health care system.
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The Chairman of Opal Bio Pharma’s Board of Directors said that the plant, which will be the first of its kind in the Sultanate and the Middle East, will not only serve the local market but also send vaccines and other important medicines all over the world.
This important step makes Oman a major player in the pharmaceutical business around the world.