PureHealth allocates AED 13 billion to local procurement over the next 10 years

10x Industry

Mita Srinivasan
10x Industry
Published:

PureHealth allocates AED 13 billion to local procurement over the next 10 years

The opportunities are available across several segments in technology and general services, medical consumables and supplies including diagnostic consumables, gastro and hepatobiliary systems, laboratory storage and packaging, and patient care, and pharmaceuticals.

PureHealth, an integrated healthcare platform in the Middle East, reinforced its commitment to the UAE National In-Country Value (ICV) Program by announcing a 30 percent increase in its 10-year commitment to local procurement, taking its total commitment to AED 13 billion by 2032.

PureHealth will allocate the opportunities across all buckets of its local procurement in Technology and General Services, Medical Consumables and Supplies including diagnostic consumables, gastro and hepatobiliary systems, laboratory storage and packaging, and patient care, and pharmaceuticals.

The National ICV Program supports the growth and development of the UAE’s national industrial sector and boosting its competitiveness.

Farhan Malik, Managing Director and CEO of PureHealth said: “ICV is not just a nice-to-have program but a must-have program that brings long-term benefits to participating entities and the government. If you wish to create long-term gains, you need to make long-term commitments.” According to Malik, ICV is critical in healthcare because the sector needs to be resilient and less dependent on external factors. He continued, “As a national company, PureHealth is committed to playing its part in elevating the healthcare landscape in the UAE whilst actively supporting local healthcare manufacturing capabilities. In line with the vision of our country’s leadership, we aim to make the UAE the healthcare capital of the world by supporting local industries and futureproofing our healthcare systems.”

During the inaugural Make it in the Emirates Forum in 2022, PureHealth announced it would procure AED 10 billion worth of products from local suppliers, including medicines and medical products. At the second edition of the forum in 2023, PureHealth announced a further AED 3 billion for local purchases, bringing the total value of its local procurement commitments to AED 13 billion.

Malik continued: “We are thankful to MoIAT for creating an ecosystem that facilitates collaboration to build a better economy and sustainable future for all of us. The Make it in the Emirates Forum has once again been an effective initiative that has brought together different sectors, including healthcare, on a common platform to build a sustainable and strong industrial ecosystem. Supporting the local biotech and medtech sectors are key to unlocking the benefits of the Fourth Industrial Revolution.”