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

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 8558 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
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
100% Vegan New… Body Yogurts 15 Seconds to Glowing Healthy-looking Skin Spoon It on
Therése Neaimé- Sold to perfection
Linda Paradis brings non-invasive ink removal to Dubai
Timeless Ties
Sony's PXW-Z280, World's first 4K 3-chip Camcorder with new 1/2-type Exmor R CMO...
Martin Hoping for Amstel Gold as Irishman Leads Team to Ardennes Classics
Tommy Hilfiger's SS2018 men's and women's watch collection
COLAB - Dry Shampoo
ORANGE & BERGAMOT Awaken the Cult Icon New Additions
Accessories Collection 2018 Gentleman Attitude
Al-futtaim Names Its New Dubai Lifestyle Mall – ‘Festival Plaza'
Skyline Mega Fitness Challenge Sparked Positivity and Happiness
FOREO delivers the ultimate festival survival kit for a glow-on-the-go.
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+
Summertime Beauty Picks at Glambeaute.com
Enhance skin radiance, smoothness and brightness in just 14 days, with the new J...
Get the best bargains at Dragon Mart's End of Season Clearance Market
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds
Skyline University College Economics Day 2018: One Step towards Tomorrow
Dubai Sports Council Pavilion a big hit at Bangkok SportAccord
A Royal Ramadan Experience by Master Chef Mama in Pullman Dubai Creek City Centre
Get Vibrant and lively hair with Rahua's new Color Full Range
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in Apr...
Rolling Cones, a new luxury ice cream concept, launches at the Hyatt Regency Dub...
New XE 300 Sport Edition Wins Gripping Ice Race
Filorga Mesotherapist Derma Roller
Finnair to offer a hand baggage only ticket type on selected North Atlantic routes
Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwa...
The Perfect Gift Mark
du to Offer New 9.7-inch iPad With Apple Pencil Support
Mumzworld Announce Recruitment Drive To Empower Women in the Middle East
Sheikh Sultan bin Ahmed Al Qasimi Leads Sharjah Contingent to Kuwait Arab Media Forum
Penny Scallan Design Launches in the Middle East
10 Kg gold for 100 winners at Malabar Gold & Diamonds
Genesis G70 Luxury Sedan Arrives in Middle East
Olivia Burton Marble Florals - Embrace these styles for a new artistic way to wo...
MINI at Auto China Beijing 2018
Exclusive, Limited‐Edition, Swiss‐Made Cryptocurrency Watches
The new BMW M2 Competition
Qualcomm Unveils the Vision Intelligence Platform Purpose-built for IoT Devices ...
Lingual Orthodontic Treatment now a reality at Al Mariffa Medical Center
Munich Airport reports record net annual profit of €155 million for 2017
Understanding what women want Balmain reveals the Madrigal Mini II
Toshiba Releases New, Powerful Surveillance and Video Streaming Internal Consume...
Adamavi - Elegant, Timeles S, and Reliable
Airport Show Attracts Influential Aviation Leaders for Global Airport Leaders Fo...
Pandora Shine Discover A New Way to Shine
Village Street Sale at The Outlet Village offers designer outfits at great prices
Stylish Nursing wear at Mums and Bumps
Tommy Fleetwood joins OMEGA's line-up of golfing greats