UAE In-Focus—Industry Ministry signs $70.8m deals to boost domestic medical equipment production

RIYADH: The UAE’s Ministry of Industry and Advanced Technology has signed memoranda of understanding worth an accumulated 260 million dirhams ($70.8 million) with key pharmaceutical and medical devices firms in the emirate to increase domestic production of medical equipment, Emirates News Agency WAM reported. 

The deals fall in line with the National Strategy for Industry and Advanced Technology as well as the National In-Country Value Program, both of which aim to lure investors and producers to the UAE’s pharmaceutical and medical equipment sectors.