Novel Foods Group and partners reveal plan for new biotech cluster in the UAE

Agreement has been signed to commence planning of new USD500mn biotech production site

Dubai, UAE – Novel Foods Group, the Abu Dhabi based global pioneer in the alternative proteins sector, together with several esteemed global engineering companies have announced a landmark agreement to commence the planning phase of a USD500mn biotech production site located in the UAE. The agreement was signed between Novel Foods, Glatt Group, BioEngineering AG, and CB Consultancy AG during the inaugural Healthy Innovation Conference (HiConf) held recently in Dubai.

Published on: Zawya, March 6, 2024