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Mubadala awards contract to Siemens to build and operate the first Molecular Imaging Center in the Gulf region.

Middle East and North Africa Business Report, February, 2007

Feb. 7--Mubadala Development, an investment and development corporation wholly owned by the Government of Abu Dhabi (United Arab Emirates), has signed a contract with Siemens Medical Solutions to build and operate a specialist Molecular Imaging Center (MIC) in Abu Dhabi to include the Siemens PET CT (Positron Emission Tomography -- Computed Tomography) diagnostic system and the Cyclotron radioisotope delivery system.

The contract was signed by Waleed Al Mokarrab Al Muhairi, Chief Operating Officer, for Mubadala and Peter Fuchs, Chief Executive Officer, Siemens LLC. Also attending the signing ceremony was Angela Merkel, the German Chancellor and Her Highness Sheikha Lubna Al Qassimi, UAE's Minister for Economy.

The USD 21.7 million three-phased...

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