During the 21st Dubai International Pharmaceuticals and Technologies Conference and Exhibition (DUPHAT), H.E. Dr. Amin Hussein Al Amiri, Assistant Undersecretary for Public Policy and Licensing of the Ministry of Health & Prevention and Vice Chairman for Supreme National Drug Registration and Pricing Committee, has emphasized the UAE's status as one of the leading global hubs for significant worldwide pharmaceutical companies in the MENA region and throughout the world.
H.E. Dr. Al Amiri claimed that DUPHAT's success for more than two decades is a testament to the UAE Government's support for initiatives that motivate financial investments in pharmaceutical field. The conference continues to bring in a lot of local, regional and international participants..
The Ministry of Health and Prevention likewise emphasized that UAE leaders have actually boosted the country's abilities as well as facilities to sustain the worldwide pharmaceutical firms' development in the country, were the variety of scientific establishments that stands for pharmaceutical firms' worldwide reached to 47 at the end of 2015 distributed over the country after it was 32 in 2014. Regional as well as local firms have established their operations in the UAE, mentioning the federal government's complete support for pharmaceutical industry in particular and also healthcare sector in general. The total number of manufacturing facilities in the UAE expanded to 16 by the end of 2015 from 14 in 2014.
The Ministry-approved 18 plants, which will be functional in the following 4 years, will certainly bring the number of factories manufacturing innovative medicines in the UAE to 34 by the end of 2020.
As for local private pharmacies, the number reached to 3,536 companies running under the guidance of the Ministry of Health and Prevention, Health Authority-Abu Dhabi, as well as Dubai Health Authority. The UAE was among the first countries in the area with established pharmaceutical industry, which operate by 20 pharmacy management. A total of 11 chain pharmacies which they playing around 700 private pharmacies under the chain pharmacies.
The UAE has likewise released six campaigns to decrease down the costs of virtually 8,000 different medications, with reduction varying from 1 per cent to 85 per-cent. The 7th initiative will be launched in the coming days.