Abu Dhabi Economy identifies the basic industries targeted for health investment

Abu Dhabi Economy identifies the basic industries targeted for health investment

21 Sep 2020
Industrial Development Bureau, DED - Abu Dhabi

The Abu Dhabi Department of Economic Development has identified 23 industrial investment areas 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 development of 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 Department of Health, Abu Dhabi, and the Abu Dhabi Health Services Company (SEHA). Mohamed Ali Al-Shurafa, Head of the Department, 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 directions of the Abu Dhabi government to achieve sustainable economic development and enhance the role of non-oil sectors in a way that contributes to Increase its contribution to the GDP. He explained that the investment fields in the pharmaceutical and health industries were divided into 9 investment fields within the pharmaceutical sector, including 6 existing industries, 3 new industrial fields and 5 investment fields within the medical supplies and equipment sector, including 3 new industrial fields and 2 existing industries, in addition to identifying 9 Investment fields within the medical devices and equipment sector, which include 8 new industrial fields and one area 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 Coronavirus around the world, in coordination and cooperation with strategic partners, pointing to the importance of achieving food security, pharmaceutical security and energy, as they are the pillars of basic industries under the current circumstances. According to studies revealed by local market requirements. Achieving self-sufficiency and Al-Shurafa emphasized that the department represented by the Industrial Development Office is keen to strengthen its strategic partnership with government and semi-government agencies and the private sector in 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 enhance the existing investment fields 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." 23 licenses, Rashid Abdul Karim Al Balushi, Undersecretary of the Abu Dhabi Department of Economic Development stated 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, 13 production licenses with an investment value of 1,069 billion dirhams divided Five factories 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 of a specialized company, the pharmaceutical products are led by 90%, equivalent to 5 billion dirhams of the total consumption value, and then the supplies He said that 74% of the consumed medicines belong to basic medicines, including 14% for antibiotics, and 7 for biomedical products or what is known as biological medicines. With regard to medical equipment and medical protection supplies, 86% of the consumption of medical protection supplies comes from clothes, single-use covers, N95 masks, surgical masks and gloves, while respirators, hospital furniture, and patient monitoring devices account for 95% of the consumption of medical equipment, while the expected growth in the local demand for protection supplies and medical equipment ranges between 89% and 172%, compared between 2019 and 2020. Achieving industrial security Rashid Al Balushi stressed the need to strengthen joint efforts and cooperation between the various stakeholders in the region. To achieve the aspirations of the leadership of the rational Abu Dhabi government in achieving industrial security for the emirate, pointing to the fruitful cooperation between the department through its Industrial Development Office and a number of strategic partners, including the Department of Health in Abu Dhabi and the Abu Dhabi Health Services Company (SEHA), with the aim of analyzing the gaps related to With basic products manufactured locally and those imported from abroad, in addition to identifying potential investment areas for the production of additional basic materials. Providing all support, Dr. Tariq bin Hindi, Director General of the Abu Dhabi Investment Office, said, “New investment fields open the door wide for enhancing the capabilities and opportunities available to investors and manufacturers who are currently in the Emirate of Abu Dhabi or who wish to establish and develop their businesses there, as the health sector in particular provides great commercial opportunities for investors. Our mission in the Abu Dhabi Investment Office is to provide all support and assistance to these companies. Opening wider horizons Dr. Jamal Muhammad Al Kaabi, Acting Undersecretary of the Department of Health, said, “The sustainability of health services is a priority and a goal we always strive to achieve for the benefit of the Abu Dhabi community and future generations, as we have been keen to continue efforts alongside Abu Dhabi Economy to achieve self-sufficiency in the health sector. In the emirate, by identifying the basic industries targeted in the health sector, in a way that ensures opening wider horizons to support local industries that have successfully made their way towards innovation and excellence. He explained that the department is working alongside the holding company, which recently launched the Rafid Corporation, as a new institution for group procurement, which aims to manage and develop the purchase of products and services related to health care, as well as the coordination and joint cooperation that the department does with international pharmaceutical companies to enhance research areas. And innovation. Big Challenges Muhammad Hareb Al Qamzi, Executive Director of Support Services at the Abu Dhabi Health Services Company (SEHA), stressed the importance of the pharmaceutical industries in providing medicines to hospitals and health centers operating in the UAE, and achieving self-sufficiency in medicines and medical supplies, especially in light of the global spread of epidemics and diseases. Which highlighted great challenges in providing the countries' needs of medicines and medical supplies. He expressed the pride of "SEHA" company to be part of the "Basic Industries Project" in Abu Dhabi, which aims to create new investment fields in several sectors, most notably the health sector, with the aim of achieving self-sufficiency in medicines and medical supplies, in line with the directions of the Abu Dhabi government to achieve development. Sustainable.

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