Reportedly, Dubai-based Phoenix Medicines, which has interests in the health care industry is eyeing major expansion in the coming few months.
The world is slowly but steadily recovering from the aftermath of the global pandemic and most of us have realized the importance of a good healthcare system. The healthcare industry has experienced significant growth and changes over the past few years and it seems bullish. This was revealed by Muhammad Adil Mirza, CEO, Phoenix Medicines and Future Mattresses recently during an event in Dubai.
“We are bullish about the expansion in the coming few months as we are not manufacturers in UAE for pharmaceutical or medical devices, we are an import-based company,” Mirza added.
“We import from more than 45 countries and we provide quality products at an affordable price. We have an in-house research and development department that continuously looks for new and innovative products that are needed in the UAE market. We bring these products as an exclusive agent, we register them in the ministry of health and we introduce these products for the betterment of the country and society.”
Mirza disclosed that he plans to start a wholesale division, and work has started almost six months back. Very soon we will have our own brand of pharmacies and medical centers. We have partnered with the countries in Europe, the USA, and the local companies and we plan to introduce unique pharmaceutical molecules very soon. ” Mirza added.
Mirza further added, “The country has excellent infrastructural facilities coupled with professional expertise and personalized services, which gives the UAE an edge over other countries and this is what the investors look for before investing. I really appreciate the emergency response system of the UAE which is managed by the National Crisis and Emergency Management Authority (NCEMA) and the UAE government was vigilant in issuing the first alert of the new coronavirus outbreak, even before it was declared by WHO as a public health emergency of international concern. The government-funded health service of the UAE delivered a high standard of health care to the population. ”
“The UAE healthcare industry which was expected to rise to $21.3 billion by 2021 is expected to see a major boost in the coming time to come.”
“The UAE remains a lucrative market for local and global investors, He spoke at length about a few of these initiatives which the government has undertaken to attract foreign investment when he said, “The visionary leadership of this country has taken many steps to make UAE a global business hub. Some of the steps are allowing 100% foreign-owned businesses to offer extended visas for entrepreneurs, providing funding and support for smaller businesses. ” Mirza concluded.
