Qatar Free Zones, Russia's BIOCAD sign MoU on biotech activities in Qatar
The Peninsula
Moscow: Qatar Free Zones Authority and BIOCAD ,one of Russias leading biotechnology companies, today signed a landmark Memorandum of Understanding, pa...
Moscow: Qatar Free Zones Authority and BIOCAD ,one of Russias leading biotechnology companies, today signed a landmark Memorandum of Understanding, paving the way for the establishment of biotechnology and pharmaceuticals activities in the Free Zones in the State of Qatar, including but not limited to research and development and manufacturing processes.
The MoU signing was witnessed by Minister of Commerce and Industry HE Sheikh Faisal bin Thani bin Faisal Al Thani, who is also Chairman of Qatar Free Zones Authority (QFZ), and HE Minister of Economic Development of the Russian Federation Maxim Reshetnikov.
The MoU was signed by CEO of Qatar Free Zones Authority (QFZ) HE Sheikh Mohammed Bin Hamad Bin Faisal Al Thani and CEO of BIOCAD Dmitrii Sivokoz during the Qatar Russia Business Forum. High-ranking officials from both countries attended the signing ceremony, alongside distinguished industry leaders and guests.
The MoU seeks to create conditions for cooperation in strategic areas such as new technologies, logistics and biomedical sciences. BIOCAD shall also encourage its partners and suppliers to establish presence in Qatars Free Zones as part of broadening Qatars biomedical sciences ecosystem. In addition, BIOCAD shall support local research and development and engage with leading Qatari universities and research institutions, fostering academic-industry partnerships and involving the local scientific community in collaborative R&D initiatives.
HE Sheikh Mohammed Bin Hamad Bin Faisal Al Thani, the CEO of Qatar Free Zones Authority (QFZ), commented on the occasion said that: "Our partnership with BIOCAD is a strategic step in positioning Qatar as a hub for biomedical innovation. It reflects QFZs commitment to attracting future-focused industries and advancing the goals of the Third National Development Strategy and Qatar National Vision 2030."
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