The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Pharmaceutical factories in GCC rise to 55

posted on 14/06/2005: 704 views


Kuwait - The number of pharmaceutical factories in the Gulf Cooperation Council (GCC) states increased to reach 55 in 2004 with USD 793.2 million in investments compared to 18 factories in 1995 with investments of about US$174.4 million.



A report issued by the Gulf Organization for Industrial Consulting (GOIC) indicated that Saudi Arabia ranked first in number of factories and size of investments, with 27 factories and US$619 million, followed by the United Arab Emirates (UAE) with eight factories and investments worth US$64.2 million, then Kuwait, Qatar, Oman and Bahrain.



It added that the value of the world consumption of medicines exceeded USD 300 billion annually with the industrial countries consuming about 80 percent of medicine. The GOIC report, carried by KUNA, noted that the world sales of licensed medication achieved a seven percent increase last year, according to statistics.



As for the individual consumption of medicine last year, it reached US$52 in the GCC states and USD 20.3 in the Arab countries. Arab consumption of medicine is nearly 1.5 percent world consumption in total.



Figures for the Arab Industrial Development and Mining Organization (AIDMO) indicated that the production of Arab medication covers 45 percent of the Arab world consumption, estimated at US$5.5 billion per year. The investments in the Arab medicine industry also reach about US$4 billion. (The Emirates News Agency, WAM)

RELATED ARTICLES

13 June 2017 Oman hails UAE, Saudi Arabia and Bahrain's decisions on joint families with Qatar
11 June 2017 UAE welcomes U.S. President's statements about Qatar
11 June 2017 Cabinet endorses list of designated terrorist organisations, individuals
11 June 2017 Saudi Arabia, Egypt, UAE and Bahrain issue statement on lists of designated terrorist organisations, individuals linked with Qatar
11 June 2017 43 new designations specifically address threats posed by Qatar linked and based Al Qaida Terrorism Support Networks


Most Read