Global Outlook

 The Ministry of Industry and Advanced Technology (MoIAT) today announced the signing of two memorandums of understanding (MoU) between significant pharmaceutical and medical device businesses in the United Arab Emirates, totaling AED260 million ($70.8 million). The agreements, which were signed in the presence of Sarah bint Youssef Al Amiri, Minister of State for Public Education and Advanced Technology, are in line with the ICV Program and the National Strategy for Industry and Advanced Technology, both of which aim to draw manufacturers and investors to the UAE's pharmaceutical and medical equipment sectors, among others. In accordance with the agreements, Abu Dhabi Medical Devices Company (ADMD), a division of Abu Dhabi National Industrial Projects, Abu Dhabi Ports Group, and Abu Dhabi Polymers Company (Borouge), as well as PureHealth, one of the largest healthcare organizations in the UAE and a participant in the ministry's National ICV Program, will collaborate to establ...