UAE announces deals worth Dh260 million to manufacture medical equipment locally
UAE announces deals worth Dh260 million to manufacture medical equipment locallyPureHealth to work with Abu Dhabi Medical Devices Company to establish medical supplies production line in the CapitalFile photoBy Wam Published: Sat 22 Oct 2022, 12:03 AMThe Ministry of Industry and Advanced Technology (MoIAT) today announced the signing of a pair of memoranda of understanding (MoU) worth Dh260 million ($70.8 million) between major pharmaceutical and medical devices companies in the UAE. Under the MoU, Borouge will provide raw materials while Abu Dhabi Ports Group will provide industrial land in ICAD 1 for the production of medical syringes, administration devices, and blood collection tubes. The MoU between PureHealth and Abu Dhabi Medical Devices Company was signed by: Farhan Malik, CEO of PureHealth Group; Mounir Haddad, CEO of Abu Dhabi Medical Devices Company; Abdullah Humaid Al Hamelli, Head of Industrial Cities and Freezones, Abu Dhabi Ports, and Hazeem Sultan Al Suwaidi, CEO, Borouge. Make it in the EmiratesThe MoUs follow the Make in the Emirates Forum, which was hosted by the Ministry of Industry and Advanced Technology in May. The forum highlighted industrial investment opportunities and identified products that can be manufactured locally, including in the pharmaceutical and medical supplies sector.
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