UAE Monday decided to raise investments in pharmaceutical industry by 20% as the Gulf country aims at producing more good quality medicines locally and draw more investments into the sector, reports say.
“Today, I chaired a cabinet meeting at Expo Dubai, during which we adopted a national policy for medicine with the aim of ensuring its availability at all times to all those in need,” Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai said on Twitter.
“We also approved today … financial exemptions from housing loans for those who are unable to [make payments]… We also approved the disbursement of government housing to low-income families,” he added.
The national policy for medicine according to state-run news agency WAM, provides a framework within which the activities in the pharmaceutical sector can be coordinated and encourages research and development, including operational research, drug development and clinical research.
UAE pledges to raise investments in pharmaceutical industry by 20%
