INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

AD Ports, Hayat Biotech ink deal

AD Ports Group operates one of the largest supply chains in the gulf region. (WAM)
  • The partnership will help facilitate Hayat Biotech’s efforts to set up manufacturing centers around the globe.
  • The deal encapsulates shipping of strategic construction supplies, including containers, machinery, raw materials.

AD Ports Group and Hayat Biotech signed a deal to support Hayat Biotech’s global logistics and distribution efforts through AD Ports Group’s advanced pharma logistics network, which includes its cold & ultra-cold pharma hub based in KIZAD.

Specifically, the partnership will help facilitate Hayat Biotech’s efforts to set up manufacturing centers around the globe and provide logistics solutions to serve its international markets.

The deal encapsulates shipping of strategic construction supplies, including containers, machinery, raw materials, and equipment, to support the construction of Hayat Biotech’s global biopharmaceutical manufacturing facilities.

Once fully completed, the facilities will produce a number of vital biopharmaceutical products, including the Hayat-Vax vaccine, the first indigenously produced COVID-19 vaccine in the UAE and the Arab world.

As part of the collaboration, the distribution will be handled by the HOPE Consortium, an Abu Dhabi-led partnership which operates one of the largest and most complete end-to-end pharma supply chains on the market today.

Last year, Hayat Biotech announced the development of a purpose-built research and development hub for life sciences, biotechnology and vaccine production.

Set up in KIZAD, the facility will be capable of producing over 200 million vaccine doses annually.

AD Ports Group operates one of the largest supply chains in the region supporting multiple industry sectors, including construction and pharma.