23 licenses for medical factories worth 1.992 billion dirhams in Abu Dhabi

23 licenses for medical factories worth 1.992 billion dirhams in Abu Dhabi

21 Sep 2020
Industrial Development Bureau, DED - Abu Dhabi

The Department of Economic Development in Abu Dhabi has identified 23 industrial investment fields that are focused on in the field of pharmaceutical and health industries that contribute to achieving self-sufficiency in the health sector in the Emirate of Abu Dhabi, including 14 investment areas for new industries and 9 areas for developing existing industries as part of the basic industries project implemented by the Industrial Development Office The department is affiliated with the department in cooperation and coordination with the Abu Dhabi Investment Office, the Abu Dhabi Department of Health, and the Abu Dhabi Health Services Company (SEHA).

His Excellency Muhammad Ali Muhammad Al Shurafa Al Hammadi, Head of the Department of Economic Development said that the “Basic Industries Project” aims to create new investment fields in the food, health, industry and energy sectors to contribute to achieving self-sufficiency in the emirate, in line with the Abu Dhabi government's directions to achieve sustainable economic development and enhance the role of sectors.

Non-oil products, which contribute to increasing its contribution to the emirate's GDP.

 

His Excellency explained that the fields of investment in the pharmaceutical and health industries were divided into 9 fields within the pharmaceutical industries sector, including 6 existing industries, 3 new industrial fields ... and 5 investment fields within the medical supplies and equipment sector, which include 3 new industrial fields and 2 existing industries in addition to Identifying 9 investment fields within the medical devices and equipment sector, including 8 new industrial fields and one field within the existing industries.

He added that these new investments come based on a review of the current strategies produced by the global health crisis caused by the outbreak of the new Corona virus around the world, in coordination and cooperation with strategic partners, noting the importance of achieving food security, drug security and energy, as they are the pillars of basic industries under the current circumstances and according to what Revealed by studies of local market requirements. His Excellency the Head of the Department of Economic Development in Abu Dhabi affirmed the department's keenness, represented by the Industrial Development Bureau, to strengthen its strategic partnership with government and semi-government agencies and the private sector in the Emirate of Abu Dhabi and the UAE in general to support basic industries that would cover the needs of the local market in terms of quantity and quality.

To prepare clear lists to enhance the existing investment areas within the industrial sector, and to attract more high-tech industrial investments through various government support programs, including the “Local Content Program” and the “Golden List Support Project through Government Procurement for the Emirate of Abu Dhabi.” His Excellency pointed out the importance of this project to contribute to achieving self-sufficiency in the health sector of the Emirate of Abu Dhabi and the UAE in general, by identifying a list of 24 major priority medical products, including the manufacture of medicines, medical equipment and medical protection supplies. His Excellency Muhammad Ali Al-Shurafa expected that the project would provide a sufficient set of basic and vital industries that cover the needs of the local market, in addition to providing sufficient local industrial products to cover the changing civil needs during periods of crises and disasters, and to strengthen reliance on local goods and increase their market share instead of imported goods, stressing The pivotal role of the project in creating new investment fields and developing a number of existing basic industries in the Emirate of Abu Dhabi.

For his part, His Excellency Rashid Abdul Karim Al Balushi, Undersecretary of the Department of Economic Development in Abu Dhabi, said that the total number of licenses issued to medical factories in the emirate amounted to 23 licenses with an investment value of 1.992 billion dirhams, 10 of which are currently under construction with an investment value of 923 million dirhams, and 13 production licenses with an investment value It amounts to 1.069 billion dirhams, divided into five factories that produce medical protection supplies with an investment value of 268 million dirhams, four factories for the production of medicines with an investment value of 467 million dirhams, and four factories that produce medical devices and equipment with an investment value of 334 million dirhams.

He pointed out that the annual consumption value of the main governmental and private hospitals of priority medical products amounts to 5.5 billion dirhams, according to studies by a specialized company, the pharmaceutical products are led by 90%, equivalent to 5 billion dirhams of the total consumption value, and then medical supplies by 6%.

While the percentage of medical equipment consumption is 4%

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