Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Healthcare and Medicine


306 sector companies in freezone with plans to grow the industry

Dubai, 27 January 2018:   Jebel Ali Free Zone (Jafza), Dubai and the UAE's flagship trade and logistics hub for the MENA region, will be showcasing the growth opportunities it offers to the healthcare and pharmaceutical industry at the Arab Health 2018 Conference and Exhibition from 29 January to 1 February.

Jafza is home to some of the world's leading healthcare multinationals and is taking part in the region's largest gathering of healthcare and trade professionals highlighting its strengths as the destination of choice for business and the value-added benefits it delivers as an integrated business and industry hub of global trade enabler DP World.

The volume of trade in the healthcare and pharmaceutical sectors at Jafza was AED 14.2 billion ($3.86 billion) in 2016, accounting for nearly a quarter of the UAE's health spend of AED 59 billion ($16.1 billion) in that year.

Sultan Bin Sulayem, Chairman and CEO of DP World said: “The healthcare and pharmaceutical are key strategic targets in the Dubai Industrial Strategy 2030. As as a trade and logistics hub, Jafza fully supports this vision and we are determined to help it grow. The freezone is already the regional headquarters for many international healthcare companies and as part of our efforts we are engaging with pharmaceutical and medical equipment companies to encourage them to transfer manufacturing facilities, knowledge and research centres to Jafza and other DP World industrial park facilities, which offer world class services and support systems. 

“DP World is committed to creating an ideal business investment environment through industry specific initiatives and incentives and we are fully behind the government's aim of making Dubai an international hub for knowledge-based, innovative and sustainable industrial activities. Our participation in Arab Health 2018 will highlight the prospects for global healthcare majors in the region as we seek to attract more investors to this thriving business community.”

According to a recent BMI Research report, the UAE's pharmaceutical and healthcare markets are among the regional best performers in the Middle East and North Africa (MENA) region. The report forecasts that in the UAE the sector will grow from US$16.96 billion in 2017 to US$17.88 billion this year, before hitting US$21.27 billion in 2021. For the MENA Region, it forecasts growth from $174.43 billion in 2017 to $182.43 billion in 2018 and $213.1 billion by 2021.

Jafza is home to 306 healthcare and pharmaceutical companies from 54 countries, including Roche, Johnson & Johnson, Glaxo Smith & Kline (gsk), L'Oreal, Sanofi, Life Pharma and others. The sector provides employment to 3,600 people and has recorded robust growth consistently over the past decade.

Almost a third of these companies are from the Middle East, 23 percent are from Europe, and 22 percent are from Asia, while North American and African companies comprise 11 percent each.

Arab Health is the largest gathering of healthcare and trade professionals in the MENA region. The 2018 edition is expected to welcome more than 4,200 exhibiting companies from some 150 countries. 

Posted by : GoDubai Editorial Team
Viewed 7704 times
Posted on : Saturday, January 27, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Glaucoma Is One of UAE's Most Common Causes of Blindness
Next Story : OMEGA Supports Breast Cancer Awareness at the OMEGA Dubai Desert Classic 2018
Email this article Print this article

Share this article with your friends and followers


Back to Top  
Most Viewed Press Release posted in the last 7 days
Bhima Jewellers Wows Women on International Women's Day
Foreo Declares 2018 the Year of Confidence
Beauty Indulgences for Mums this Mother's Day
Built for the Way We Communicate Today: Samsung Galaxy S9 and S9+ Launches in the UAE
The Ultimate Mother's Day Beauty and Wellness Gifts
The Sheet Mask Trend
Design International to open doors at d3
Filorga Launches Lift Range
Tissot PRS 516 Alpine Limited Edition A sporting tribute
Rise and Shine with Sophie's
International fragrance houses look to Middle East as inspiration for global per...
SMCCU opens its doors for SIKKA Art Fair
Max launches its Inaugural Abaya Collection
“The Night of Italian Design” at D3 Attracts Design Enthusiasts
It's Mother's Day!
LULU Organic Food Activation
Al-Futtaim Honda launches 10th generation Honda Accord
Mother's Day Offer from Blush N Curls Salon
Iconic milkshake brand Keventers to open 30 outlets across the UAE in 2018
Top Perfume Picks for Mother's Day @ Glambeaute.com
An Open Secret - The new Flying Regulator Open Gear provides deep insights
Luxury First: Range Rover Sv Coupé Debuts at Geneva Motor Show
The Global Sensation UFO Lands in Europe at Cosmoprof 2018
Nissan's e-POWER technology wins environmental award
Drink yourself to looking younger with Skinade
UAE Jiu-jitsu Federation® Conducted the Official Weigh-ins of Abu Dhabi Grand Sl...
Reading Champions Declared at 10th Emirates Airline Festival of Literature
Preps for the Fazza Championships for Shooting Saktoun Riffle begin on March 11
Own your pores like a Bioré Princess!
A Meet & Greet with the Pakistani Cricket Sensation Umar Akmal
OMEGA Launches its NATO Strap “Pop-Up Boutique” in Paris
Cadillac Alghanim kicks off world-class opportunity in Kuwait
The Dubai Mall unveils Fashion Avenue; the region's most prestigious luxury des...
The V-Tox Facial by Linda Meredith Skincare
Discover the MISA Cho Gong Jin Oriental and Herbal Skincare Range from Missha
Elina Svitolina takes New York by storm and wins it all!
Johnson's® Baby Launches Its First Semi-therapeutic Product Range
Corporate Power Dressing redefined at Kachins Signature
Arabian Healthcare Group and Dignity Health USA team up to expand world-class cl...
UAE's first ICU Symposium attracts over 150 of GCCs top healthcare professionals
Velvet Caviar meets Roger Dubuis Diva power
Dubai Customs commemorates 30th anniversary of the Harmonized System
Sanofi introduces innovative therapy to help address high unmet medical needs of...
Making First Impressions Finer
10th Emirates Airline Festival of Literature Ends with a Bang!
Alexey Firsov Solo Exhibition
PCFC, GDRFA conclude Successful Marriage program ahead of 7th Mass Wedding
Evonik Acrylics Africa expands with a new location in Cape Town
Danube Properties is all set to sparkle with their latest “Jewelz”.