As of 2023, the global pharmaceutical industry generated revenues of 1.6 trillion US dollars representing significant growth over the past two decades. Our objective with Pen-G is twofold. First we would like to officially put Oman on the world map for raw materials in start-up medicine and enter this lucrative industry and second we would like to further our goal of establishing ourselves as a key contributor to Oman Vision 2040, by extension to the government’s national diversification efforts. Furthermore our location at the SOHAR Freezone right next to the largest industrial port in the country provides us with ready access to global trade routes between Asia and Europe for both acquisition of raw materials as well as export of our product.
Penicillin G is the key raw material for the synthesis of beta lactam antibiotics.
6-APA is the precursor of all semi-synthetic penicillins.
Enhanced resistance to Penicillinase.
Possess chemical structure that increases stability in acidic gastric medium and results in improved oral absorption thus increasing bioavailability.
We collaborate with pharmaceutical companies for their re-equipment of our product to convert Semi synthetic penicillin APIs. Experience Top quality Pen GK salt and 6-APA. Our expertise ensures the reliable supply and adherence the highest quality standards.
The pharmaceutical industry has endless potential to transform Oman’s national economy and we welcome the first major project at SOHAR. It is a proud moment for the bank to be able to support the development of a new high-growth sector and enable Penicillin General Integrated Industrial Company to move forwards with their pioneering plans. NBO is a firm believer in the power of technology and innovation, and a regular investor in projects which leave a lasting legacy and more importantly impact on the country, its economy, and its people.
The growth of the SOHAR pharma cluster is an important step forward in the development of the Port and Freezone with far-reaching benefits to the local community, both in terms of investment and access to the finished product. This pharma project, the second project after our animal vaccination facility, will add significant value to all three of our objectives. We are confident that the plant operated by Penicillin General Integrated Industrial Company will provide the impetus for further investment in the pharmaceutical industry and the potential for SOHAR to become the main hub for the industry in the region.
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