GoDubai
  
  
  
  
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

 
  Share

UAE, June 7, 2017- The UAE Ministry of Health and Prevention and Jafza, a DP World company, have signed a Memorandum of Understanding (MoU) for the development of the healthcare and pharmaceutical sector in the country.

The Memorandum was signed at Jafza head office by Dr. Amin Hussein Al Amiri, Assistant Under Secretary of Public Health and Licensing Policy at the Ministry of Health and Protection and Mohammed Al Muallem, CEO Jafza and Senior Vice President and General Manager of DP World, UAE Region. Senior Ministry and Jafza officials were also present.

Under the agreement, Jafza will develop details for the licensing of pharmaceutical factories within the Free Zone and help them promote public health. The Ministry will approve licenses for existing factories based on the industrial license issued by Jafza, regardless of the nationality of their owners. Factories need to register their products and declare whether they are for export or distribution. For use in the UAE companies need to obtain a medical warehouse license. Both organisations will exchange knowledge and remove any barriers to the development of the pharmaceutical sector in the Free Zone. They will also review the process of obtaining approvals and permits from the Ministry, enabling Jafza to attract more foreign investment in the sector. The agreement is part of Jafza's efforts to enhance the healthcare sector by providing the environment for companies to grow and establish ‘Made in Dubai' pharmaceutical products, using Jebel Ali's infrastructure to access regional and international markets.

DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: “This is a major step forward in efforts to raise the competitiveness of the pharmaceutical industry in the country. It is one of the key sectors of the Dubai Industrial Strategy launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It is also a key part of the Dubai 2021 Plan, aimed at transforming Dubai into a regional hub for medical tourism as the country prepares for the post-oil era. The ultimate aim is to manufacture high quality medicines and healthcare products in Dubai comparable to those around the world with our focus on boosting investment in research and development, and attracting qualified professionals.”

Dr. Amin Al Amiri said the agreement builds on cooperation between federal and local government institutions to promote a legislative and investment environment in keeping with international best practice. The UAE aims to become a global hub for international pharmaceutical companies and to encourage them to set up factories here. There are 54 international pharmaceutical companies already present in the freezone which is expected to rise to over 75 by 2021, with investments of up to AED 2 billion annually. He added that the Ministry is keen to partner with international companies to establish research centers for the production of innovative and generic drugs in cooperation with local factories. The plan is to secure medical supplies and provide medicines for patients, especially those suffering from chronic diseases as well as to ensure the sustainability of the pharmaceutical supply chain and capacity of the medical sector.

In 2016, the market value of drugs in the UAE amounted to AED 9.61 billion. By 2020, spending on medicine is expected to reach AED 13.13 billion and by 2025 AED 21.74 billion, driven by population growth, changing morbidity and the use of modern medicines such as biotechnology drugs. The UAE currently has 17 pharmaceutical factories with 34 expected by 2021. The Ministry supports them in establishing strategic partnerships with international manufacturers to produce innovative medicines and has five such agreements in place. The total medicine market in UAE reached AED 9.61 Billion in 2016, according to a recent report by Business Monitor International. It predicts that the medical equipment market in the Middle East and North Africa will grow 8.8% year-on-year from 2015-2020, opening up opportunities for health care and pharmaceutical companies.

Multinational companies in the healthcare and pharmaceutical sector are currently based in Jafza, such as Johnson & Johnson, Colgate, Roche, Sanofi, GlaxoSmithKline and Quest Vitamins.



Posted by : GoDubai Editorial Team
Viewed 4642 times
Posted on : Wednesday, June 7, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Hundreds of RAK Cabbies Get Iftaar Packages and Free Neck and Back Assessments
Next Story : Ministry of Health & Prevention successfully screens 453 women as part of its free breast cancer scr...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Sports Bras Banishing Bounce by 83% arrive in store
AIGNER Love
New Year, New Skincare!
Michael Kors Presents Spring 2018 Watches
Signature Scents for Your Home
Spring/Summer 18' Beauty Picks from Missha Cosmetics
Garden Party Style and Cult Classics: Swatch Launches Spring-summer 2018 Collection
Marine Torpilleur Military made for men who chart their own destiny
Shimmering Gilda takes on a silvery sheen
Corum Bubble Art For Those Who Appreciate A Work Of Art
Mido's Baroncelli Prisma - A sparkling play of prisms enhanced by 51 diamonds'
The Trésor Collection
New Year – New Savings now with Al-Futtaim Honda
Malabar Gold & Diamonds strengthens its global position as a leading jewellery r...
Samsung Electronics' 2018 Smart TVs Become First to be Industry-Certified for En...
ESC's INDIASOFT to Bring Over 400 ICT Foreign Buyers To Bengaluru
“12th Edition of SNF's Family Fun Fair”
Dubai Culture Organises ‘Carnival of Ideas'
EUROSTAR presents seven global tech majors at CABSAT 2018
Nissan reaffirms importance of electrification at World Future Energy Summit
Nissan and NASA extend research into autonomous mobility services
Dubai Tour team line-up announced: 16 teams of seven riders at the start
Defender Lives on: Land Rover Launches V8 Edition To Celebrate 70th Anniversary
The Balmain de Balmain Moon Phase Collection - loves personalisation to the moon...
Womenswear Preview and Showroom Connection: WHITE Man & Woman's Formula Bets on ...
Governments to Signal Support for IRENA Key Role in Global Energy Transformation
5 Different Types of Denim and How to Wear Them
HH Sheikh Hasher Bin Maktoum Al Maktoum opens CABSAT 2018
Dubai Outlet Mall celebrates DSF 2018 with amazing attractions for shoppers
His Highness Sheikh Hasher bin Maktoum bin Juma Al Maktoum Visits du's Stand on ...
Masdar unveils locally manufactured all-electric Eco-Bus at Abu Dhabi Sustainab...
Sophie's Café brings all the goodness to Barsha Neighbourhood
Tommy Hilfiger Announces Fall 2017 Watches Collection
Dubai's Star Business Centre becomes the first commercial centre to accept crypt...
IRENA Commission to analyse how energy transformation driven by renewables will ...
British Group GFG Alliance makes binding offer to buy Aluminium Dunkerque from R...
Ahlan Business Class Lounge by Dubai International Hotel wins Priority Pass Midd...
Krypto Labs named Strategic Partner for World Future Energy Summit's CLIX
Bleu Blanc by David Myers announces its Friday Brunch and unique spa and dine Va...
ENEC CEO: Barakah will be the first nuclear energy plant in the Arab world, sett...
Seamaster Olympic Games Collection
11th World Future Energy Summit Opens its Doors in Abu Dhabi
Launching Scheme of Projects and Initiatives that Enforce Water and Electricity ...
British Airways launches sale across all cabins for travel until December 12, 2018
Dubai Hospital advocates importance of early detection of kidney disease.
Masdar Institute and Cleanergy Partner in Research on Thermal Energy Storage for...
LG Electronics Earns CES 2018 Best TV Product Honors for LG AI OLED TV
Autonomous vehicle specialist NAVYA to realise expansion of Masdar City sustain...
Eighth General Assembly of International Renewable Energy Agency Kicks Off in Ab...
Abu Dhabi International Boat Show 2018 Makes Waves at London Boat Show