UAE

UAE announces deals worth $71m for production of medical equipment

The UAE has announced the signing of industrial deals worth Dh260 million ($70.79m) between major pharmaceutical and medical companies to manufacture medical equipment locally.

Under the partnerships, PureHealth, one of the largest healthcare providers in the UAE, will work with Abu Dhabi Medical Devices Company, the Abu Dhabi Ports Group and Abu Dhabi Polymers Company, better known as Borouge, to establish a Dh110m medical supplies production line in Abu Dhabi, the Ministry of Industry and Advanced Technology said on Friday.

Borouge will provide raw materials while the Abu Dhabi Ports Group will provide industrial land in ICAD 1 for the production of medical syringes, administration devices and blood collection tubes.

In a separate agreement, PureHealth and Ras Al Khaimah’s Gulf Pharmaceutical Industries Company, better known as Julphar, will set up the first factory in the Middle East to produce Glargine — the first long-acting biological alternative to insulin — for the treatment of diabetes. The Dh150m manufacturing unit will be built in Ras Al Khaimah and will enable the UAE to obtain an insulin substitute at more competitive prices.

It will also support exports to regional and global markets where there is a growing demand for insulin substitutes, the ministry said.

Sarah Al Amiri, Minister of State for Public Education and Advanced Technology, said “these agreements will strengthen local supply chains and help enhance self-sufficiency in medicines and healthcare products”.

Borouge chief executive Hazeem Al Suwaidi said “we will provide partners with our locally made polyolefins that are tailored for the healthcare sector and to enhance people’s lives”.

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The National
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