Dubai Chamber of Commerce announces formation of UAE Pharma Business Group

Dubai Chamber of Commerce has announced the formation of the UAE Pharma Business Group, which aims to establish a framework to promote and support the growth of local manufacturers of medicine within the UAE, GCC and internationally.

The group is expected to welcome 50 member companies who will represent expertise across key sub-sectors in the pharmaceutical industry and support the UAE’s ambitions to become a leading hub for the pharmaceutical, nutraceutical and medical device manufacturing industry.

The business group will provide an ideal platform for companies operating in the pharmaceutical industry to voice their concerns and share their feedback on regulation impacting industry stakeholders with the support and guidance of Dubai Chamber of Commerce.

The UAE Pharma Business Group was recently launched during a meeting between member companies and representatives from Dubai Chamber of Commerce, which was held at the Chamber’s headquarters.

Marwan Abdulaziz Janahi, Chairman of the UAE Pharma Business Group and Managing Director of Dubai Science Park, said, “There is great scope for the UAE to become a leading hub for the pharmaceutical, nutraceutical and medical device manufacturing industry considering the great demand emerging not only locally, but also on a regional scale for quality medicine and health care.”

For his part, Mohammed Bin Sulaiman, Senior Manager of Business Relations, Dubai Chamber of Commerce, described the establishment of the UAE Pharma Business Group as an important step in aligning the efforts of key stakeholders and boosting the sector’s competitiveness. He stressed the crucial role that business groups play in supporting Dubai’s sustainable growth as these organisations draw on combined expertise and capabilities.

As a facilitator for business groups and councils in Dubai, Dubai Chamber of Commerce aims to boost commerce between the business communities of Dubai and enhance relations between Dubai and other countries around the world.