Highlights
- New ADQ FWD paper identifies the cornerstones of success to enhance regional pharmaceutical capacity to advance affordable, quality medication and innovative treatments
- Drivers include growing the talent pool, biotech and life sciences parks, increasing manufacturing capabilities, building a pharma R&D ecosystem and incentives
ADQ, an Abu Dhabi-based investment and holding company, today launched its ADQ FWD paper that explores the opportunities and investments that will position the UAE to become a leading regional pharma manufacturing hub.
The paper, Redefining Regional Pharma, focuses on how the nation can reach its full potential to increase regional pharmaceutical capacity and create seamless access to affordable medications and innovative treatments.
The paper identifies six cornerstones of success to enable the UAE to capture pharma growth opportunities in the region:
- Drive collaboration among stakeholders: Byestablishing cooperation between the public and private sectors and academia, public health programs and research can be more robust
- Establish a robust life sciences R&D ecosystem: The UAE’s knowledge-based economy will be instrumental for accelerating R&D and the production of novel and innovative medicines and vaccines
- Develop UAE-based biotech and life sciences parks: Building a purpose-built R&D hub for life sciences, biotechnology and vaccine production
- Increase the UAE’s manufacturing capabilities: Progressing the Basic Industries Project with investment into industrial areas that promote self-sufficient production of basic and consumer commodities
- Capture the use of cutting-edge technologies: Bilateral relationships need to be further leveraged to foster investment in clinical research that addresses healthcare needs
- Grow a highly skilled talent pool: Nurturing diverse skillsets in various healthcare disciplines to develop homegrown talent and expertise
ADQ FWD is a platform that brings together industry experts, government, and advocacy leaders to discuss matters of economic and strategic importance.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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