Home » News » Local News » UAE’s Pure Health commits AED10b to local procurement

UAE’s Pure Health commits AED10b to local procurement

 

Abu Dhabi / WAM

The Ministry of Industry and Advanced Technology (MoIAT) signed an agreement with Pure Health, the UAE’s largest integrated healthcare group, to join the National In-Country Value Programme, one of the key pillars of the national industrial strategy.
As part of the agreement, that was signed on the second day of the “Make it in the Emirates” Forum, Pure Health has committed AED10 billion over the next 10 years in local procurement in line with the national industrial strategy which supports the localisation of supply chains by redirecting higher portions of public spending into the local economy.
The signing was witnessed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Sarah bint Yousif Al Amiri, Minister of State for Public Education and Advanced Technology. The agreement was signed by Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, and Farhan Malik, Managing Director of Pure Health Group.
The two-day forum, organised by MoIAT, in collaboration with the Abu Dhabi Department of Economic Development (Added), convenes major local and global industrial companies, government entities, and financial institutions to discuss partnerships and opportunities to enhance the industrial sector.
As part of the agreement, Pure Health and MoIAT will collaborate on initiatives to stimulate local industrial content, capitalise on opportunities within the healthcare sector, and conduct training programmes to upskill the national workforce.
Al Suwaidi said, “The agreement with Pure Health is a huge boost to the National ICV Programme, which aims to redirect expenditure from leading national companies and government entities into the local economy by prioritising local suppliers. Currently, 45 government entities, six leading national companies, and 5,500 local industrial companies are participating in the programme. And in the first year of its implementation at the federal level, the National ICV Programme succeeded in redirecting more than AED40 billion into the national economy. Our leadership’s vision was the starting point of the national industrial strategy and to contribute to a diversified and sustainable economy that leverages the UAE’s competitive advantages. Part of the strategy includes localising supply chains to ensure continued business growth in priority sectors, including the healthcare sector. Covid-19 has proven to us the importance of building resilient supply chains in healthcare and F&B.”
Commenting on the agreement, Farhan Malik, Managing Director of Pure Health, said, “Our purpose is clear – to support the industrial and manufacturing ecosystem with an innovative model to realise the vision of our wise leadership, ensuring it keeps pace with future industry demands, trends, and innovation. In line with this, our agreement with the Ministry of Industry and Advanced Technology is a pivotal step in our long-term plan to localise knowledge, as we are already a part of the 4th Industrial Revolution. We are future-proofing our healthcare system for a world of Technological Singularity, enhancing the self-sufficiency of domestic products, and establishing an infrastructure through the adoption of advanced technologies to enable the UAE to lead the way in futuristic industries and global competitiveness.”
Farhan added, “Our vision at Pure Health is to make the UAE the health capital of the world through our ‘Science of Longevity’ platform to enable people to live longer, healthier, and happier lives.”
The forum aims to promote the growth of national industries, discuss opportunities for partnership and cooperation in the industrial sector and benefit from local purchasing power to develop the sector.
The eleven sectors include metals, petrochemicals, chemical industries, plastics, machinery and equipment, defence industries, pharmaceutical industries, technology and medical equipment, communications, and agricultural technology.

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend