28.25 billion dirhams expected value of the pharmaceutical market until 2025

The Dubai Chamber establishes the Emirates Working Group for Pharmaceutical Industries

Members of the new working group met with officials of the Dubai Chamber of Commerce.

From the source

The Dubai Chamber of Commerce announced the establishment of a new working group, under its umbrella, the “Emirates Working Group for Pharmaceutical Industries”. , with regard to legislation, initiatives and services that serve its institutional activities and provide it with an added value in the work environment.

Opportunity search

Members of the new working group met with the Dubai Chamber of Commerce at the Chamber’s headquarters, to discuss opportunities to support the sector, enhance the contribution of this sector to economic growth, join efforts in supporting the private sector, discuss challenges and opportunities, coordinate joint efforts, and set priorities for the future period, while it is expected to rise The number of members of the new business group reached 50 members.

A qualitative addition, Mohammed bin Suleiman, Senior Director of Business Relations at the Dubai Chamber, said that the group’s role is to introduce the sector’s contribution to the process of economic development, and to strengthen efforts between the public and private sectors, in order to raise the pharmaceutical industries to high levels, considering that the new group constitutes a qualitative addition that reflects Diversity of the private sector in the emirate.

Bin Sulaiman expected that the pharmaceutical market in the UAE will grow by 27% during the period 2021-2025, to reach a value of 28.25 billion dirhams, noting that the sector is promising, especially with government support for the medical care and industry sectors, and the importance of the pharmaceutical industry locally in diversifying the economy and its pillars, and consolidating Its high competitiveness.

Pioneer Center

For his part, the Executive Director of Dubai Science Park and Chairman of the Board of Directors of the Pharmaceutical Companies Working Group, Marwan Abdulaziz Janahi, said that there is a wide scope for the UAE to become a leading center for the industries of medicines, nutritional supplements, tools and medical equipment, if we take into account the huge demand for these products locally. and globally.

He stressed the importance of cooperating with the Dubai Chamber of Commerce and working under its umbrella for the benefit of the sector and the growth of its companies.

business groups

It is noteworthy that business groups and councils play an important role in promoting and supporting the economic growth process in Dubai, as it is an essential component of the business community, and contributes to advancing the trade and investment movement in the emirate, by investing in capabilities, capabilities and expertise to enhance the competitive advantage of the business community in Dubai.

The Dubai Chamber of Commerce focuses on dialogue with business groups and councils after their establishment, following up on their affairs and studying their recommendations, to identify their priorities and interests, assisting them in developing their business internally and externally, facing the increasing global competition, facilitating their participation in regional and international events related to their activities, and exploring new opportunities for them.

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