The UAE Ministry of Health announced that it plans to increase the number of pharmaceutical factories from 13 to 30 by 2020, in an effort to be at the forefront in terms of the number of pharmaceutical factories.
Dr Amin Hussain Al Amiri, assistant undersecretary for Public Health Policy and the Licensing Sector, explains that the current pharmaceutical factories produce about 990 types of drugs. Agreements have been signed with four factories to produce innovative medicines within the state, according to newspaper Al Ittihad.
He points out that five innovative medications for diabetes were produced last March, while 15 pharmaceutical factories have received preliminary approval from the ministry and will be starting production in the next few years.
Al Amiri says that the UAE is one of the first countries in the region to allow citizens to own a group comprising over twenty pharmacies.
It is expected that the size of the pharmaceutical market in the country will reach AED7.4 billion at the end of 2015 and the government sector’s percentage of spending on the health sector will reach 74.6 per cent and 26.4 per cent for the private sector.