UAE – Pharmaceutical sector is in good health

July 21, 2014 2:10 pm0 comments
UAE – Pharmaceutical sector is in good health

In what was a first for the region in the pharmaceutical sector, Dubai Investments (DI) sold a majority stake in its subsidiary Globalpharma to the French multinational Sanofi last month. The move helped DI net Dh385 million, or a 26 percent in internal rate of return for over 10 years, […]

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Saudi Arabia – Pfizer to construct new manufacturing plant

May 30, 2013 12:57 pm0 comments
Saudi Arabia – Pfizer to construct new manufacturing plant

Pfizer, a major player in the global pharmaceutical industry, has announced that it will soon begin construction work on a new manufacturing plant in Saudi Arabia. Foundation stone for the new facility has been laid in King Abdullah Economic City (KAEC). The 32,000 square meter plant will be built at the Industrial […]

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Saudi Arabia – KSA has largest pharma market in GCC

April 2, 2013 7:25 pm0 comments
Saudi Arabia – KSA has largest pharma market in GCC

JEDDAH – The GCC pharmaceutical industry is expected to experience sustainable growth in the medium to long term, Alpen Capital said Sunday in its GCC Pharmaceutical Industry report. Increased domestic production, foreign investments, and consumption of generics are likely to support the market’s evolution. These factors are supported by growth drivers […]

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U.A.E. – Julphar to launch $9.6m plant in Ethiopia

February 8, 2013 3:31 pm0 comments
U.A.E. – Julphar to launch $9.6m plant in Ethiopia

Ras Al Khaimah-based pharmaceuticals firm Julphar will open its first overseas manufacturing plant next week. The 40,000 sqm facility, which is based in the Ethiopian capital, Addis Ababa, cost US$9.6m to build. Once fully operational, the plant will produce 25 million bottles of suspension and syrup, 500 million tablets and […]

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Qatar – Getting 3 new domestic drug manufacturers

January 28, 2013 3:42 pm0 comments
Qatar – Getting 3 new domestic drug manufacturers

The head of the drug control agency in Qatar says the country will have its second drug manufacturer open by the end of the year and two more in the first quarter of 2013 as its builds an industry that will cut drug import costs. Dr. Aisha al-Ansari, director of […]

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Qatar – Pharmaceutical market set for 12% growth to 2015

3:38 pm0 comments
Qatar – Pharmaceutical market set for 12% growth to 2015

Qatar’s pharmaceutical market is forecast to become a billion dollar industry in 2019, according to a new report by Business Monitor International. The sector was valued at QR1.43bn ($392m) in 2010 but is expected to see compound annual growth rate (CAGR) of 12.6 percent to reach $709m by 2015, BMI […]

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