Mubasher: The healthcare and pharmaceutical sector in Jebel Ali Free Zone (Jafza) enlarged by 10% to 314 companies in 2016 when compared to 284 in 2015, according to a recent statement.
“The value of trade in the sector rose to AED 13.3 billion in 2015, emphasising Dubai’s growing significance in the regional medical, pharmaceutical and cosmetics industry and the key role of Jafza in attracting investors in the industry,” the statement said.
Jafza will take part in the Arab Health exhibition from 30 January to 2 February, 2017 at the Dubai International Exhibition and Convention Centre.
The medical equipment market in the MENA region is expected to grow by 8.8% annually between 2015 and 2020, according to a recent Business Monitor International (BMI) report.
BMI’s report added that the pharmaceutical sector in the Middle East and Africa region is expected to grow to $46 billion by 2020 compared to $33.8 billion in 2015, the statement noted.
