logo
Abu Dhabi Launches Life Sciences Cluster to Advance Healthcare Innovation Worldwide, tapping a $25.3 trillion market

Abu Dhabi Launches Life Sciences Cluster to Advance Healthcare Innovation Worldwide, tapping a $25.3 trillion market

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Apr 16, 2025--
Abu Dhabi has launched the groundbreaking life sciences cluster, reinforcing its position as a global hub for biotechnology, MedTech, and digital health. Developed by the Abu Dhabi Department of Economic Development, Abu Dhabi Investment Office (ADIO) and the Department of Health – Abu Dhabi, the Health, Endurance, Longevity, and Medicine (HELM) cluster is designed to drive healthcare innovation, attract international investment, and deliver lasting benefits to global populations.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250416840862/en/
Abu Dhabi Launches Life Sciences Cluster to Advance Healthcare Innovation Worldwide, tapping a $25.3 trillion market (Photo: AETOSWire)
Announced during Abu Dhabi Global Health Week, the HELM cluster will serve as a platform for the research, development, manufacturing and commercialisation of advanced health and life science solutions. From AI-powered diagnostics and pharmaceutical manufacturing to gene therapies and precision medicine, the cluster is poised to enable global companies to transform breakthrough science into scalable and accessible, patient-focused solutions.
With its world-class infrastructure, progressive regulations, and strategic geographic location, Abu Dhabi offers unparalleled access to global markets. The emirate's multicultural talent base, advanced biomanufacturing facilities, and commitment to innovation make it an ideal launchpad for life sciences companies looking to scale globally.
His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, said: 'The Abu Dhabi Health, Endurance, Longevity, and Medicine (HELM) cluster will provide global and local stakeholders with a wide range of benefits, including access to cutting-edge technologies, world-class infrastructure and progressive regulatory frameworks. By creating a globally competitive life sciences hub, we are not only accelerating economic growth and diversification, but we are also ensuring that Abu Dhabi remains at the forefront of developing breakthrough healthcare solutions that will benefit humanity at large.'
Built to meet the rising global demand for advanced healthcare, the cluster is designed to tackle some of the world's most pressing health challenges, including chronic and non-communicable diseases, which account for over 70% of deaths globally, as well as the healthcare needs of ageing populations. It is tapping growth opportunities in the global healthcare market, which is projected to reach $25.3 trillion (AED93 trillion) by 2045.
His Excellency Mansoor Ibrahim Al Mansoori, Chairman of the Department of Health – Abu Dhabi, said: 'The launch of Abu Dhabi's Health, Endurance, Longevity, and Medicine cluster is a bold leap forward in how the world delivers healthcare. We are not just investing in infrastructure, we're investing in human potential, in breakthroughs that will redefine longevity, and in solutions that will reach far beyond our borders. This is where innovation meets impact.'
Leveraging an innovation-friendly regulatory framework, Abu Dhabi empowers companies to bring breakthrough technologies to market faster, shaping the future of healthcare at speed and scale. Its AI-powered health system and leadership in precision medicine create an environment where innovation thrives across the entire value chain.
As home to one of the world's largest national genomics programme, the emirate supports research and development by fostering insights from a uniquely diverse genomic landscape, accelerating innovation and advancing the global shift toward personalised treatments. At the same time, Abu Dhabi is strengthening its role in the global pharmaceutical supply chain, offering reliable infrastructure, strategic connectivity, and long-term partnership opportunities for companies navigating an increasingly complex global landscape.
By 2045, the HELM cluster is expected to contribute $25.6 billion (AED 94 billion) to Abu Dhabi's GDP, attract $11.5 billion (AED 42 billion) in investment, and create 30,000 high-value jobs, supporting the diversification of the emirate's economy while enabling long-term global health impact.
The cluster is part of Abu Dhabi's broader strategy to lead globally in emerging industries. It follows the successful launch of the Smart and Autonomous Vehicle Industries (SAVI) cluster in 2023, which addresses smart urban mobility across air, land, and sea– and the AgriFood Growth and Water Abundance (AGWA) cluster in 2024, which addresses food security and water sustainability challenges.
Source:AETOSWire
View source version on businesswire.com:https://www.businesswire.com/news/home/20250416840862/en/
CONTACT: Chase Burns
[email protected]
KEYWORD: MIDDLE EAST UNITED ARAB EMIRATES
INDUSTRY KEYWORD: OTHER HEALTH RADIOLOGY OTHER SCIENCE PHARMACEUTICAL RESEARCH ONCOLOGY ARTIFICIAL INTELLIGENCE MEDICAL DEVICES GENETICS STEM CELLS SCIENCE TECHNOLOGY GENERAL HEALTH BIOTECHNOLOGY NEUROLOGY SURGERY HEALTH HEALTH TECHNOLOGY
SOURCE: Abu Dhabi Investment Office
Copyright Business Wire 2025.
PUB: 04/16/2025 09:30 AM/DISC: 04/16/2025 09:30 AM
http://www.businesswire.com/news/home/20250416840862/en

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CityFibre owners court Virgin Media O2 in race to avoid cash crunch
CityFibre owners court Virgin Media O2 in race to avoid cash crunch

Yahoo

time2 hours ago

  • Yahoo

CityFibre owners court Virgin Media O2 in race to avoid cash crunch

CityFibre's owners have held talks with Virgin Media O2 (VMO2) over a potential rescue deal as the challenger broadband company scrambles to stave off a cash crunch. Two major investors in CityFibre – Abu Dhabi sovereign wealth fund Mubadala and Goldman Sachs – have approached VMO2 in recent months to discuss options for the company, including a potential sale. Discussions have also taken place with CityFibre's lenders, which include NatWest, Societe Generale and Credit Agricole. One source said the approaches, which came through VMO2's parent companies Liberty Global and Telefonica, were exploratory in nature and discussions are not thought to be ongoing. However, the overtures underscore growing uncertainty over CityFibre's future as a deadline to secure more cash looms. Bosses last year warned the company would run out of funding in mid-2025 'in all scenarios' and issued a going concern warning. Analysts at Redburn Atlantic have branded the financial position 'precarious'. The talks also suggest CityFibre's backers are skirting around chief executive Greg Mesch. CityFibre, which is the largest challenger 'alt-net' company vying to take on BT, has been locked in negotiations to secure more funding for at least nine months, but no agreement has yet been reached. Lenders have appointed investment bank Lazard to advise them in the talks as they seek a further cash injection from existing shareholders. But the process has been complicated by troubles at TalkTalk, another broadband company, which has fallen behind on payments to some suppliers. Industry sources said the uncertainty was unlikely to help the refinancing process given an estimated 150,000 TalkTalk customers are on CityFibre's network, representing almost 30pc of the alt-net's total connections. Speaking at a conference this week, Mr Mesch said: 'We've taken longer and we're working harder on a larger financing today that will accommodate M&A [mergers and acquisitions]. 'It's hard enough to do a financing, but we have to accommodate a financing that will allow us to consolidate not only networks but debt.' A CityFibre spokesman said: 'Any speculation about a potential sale is unfounded. CityFibre is in a strong position and we expect to announce details of our financing shortly, supporting our role in consolidating the sector and accelerating CityFibre's next phase of growth.' CityFibre's shareholders added: 'All shareholders remain committed to CityFibre's long-term success and are actively engaged in supporting the company's next phase of growth.' It is not the first time a potential deal between CityFibre and VMO2 has been explored, with a takeover bid first discussed two years ago. However, analysts have warned any such tie-up would likely require a significant write-down of CityFibre's debts, which stand at roughly £4bn. It comes as VMO2 faces uncertainty over the future of its new wholesale division, which is aimed at taking on BT's Openreach. But the plans have been put on ice while Telefonica, VMO2's Spanish parent company, carries out a strategic review. Virgin Media O2, Mubadala and Goldman Sachs declined to comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Mobile clinics aim to boost rural health care measles vaccinations amid outbreak
Mobile clinics aim to boost rural health care measles vaccinations amid outbreak

Yahoo

time17 hours ago

  • Yahoo

Mobile clinics aim to boost rural health care measles vaccinations amid outbreak

The "Wellness on Wheels" program launched in spring of 2024. (Courtesy of South Dakota Department of Health) The South Dakota Department of Health plans to send its fledgling mobile clinics to underserved and undervaccinated areas of the state in response to the nationwide measles outbreak making its way to the state. Last year, South Dakota reported its first measles case in nine years. The state Department of Health recently reported the state's first case this year in Meade County in western South Dakota. Last week, on Friday, a second case was reported in Rapid City. People who visited Sam's Club in that city on June 1, or Dakota Premier Medical Center the following day were urged by the department to monitor themselves for symptoms for 21 days. Measles is a highly contagious viral disease that spreads through the air. Those who lack immunity from vaccination or past infection are highly likely to catch it from an infected person. As surrounding states report more cases, Health Department Secretary Melissa Magstadt said the state's 'Wellness on Wheels' clinics can help encourage vaccinations. 'I question it myself': South Dakota vaccination rates fall amid mistrust and misinformation The fleet boasts five vehicles equipped to provide immunizations, test for sexually transmitted diseases such as syphilis, as well as provide screenings, prenatal care and other support. The effort fills in gaps to public health care access across the state, especially in rural and tribal communities, Magstadt said. 'It's about how we can actively use these tools to reach underserved populations,' Magstadt said. 'It's not something I would have thought about looking to leverage for something like measles vaccinations before.' The department hasn't decided where to send their fleet. Counties with the fewest kindergarteners vaccinated per capita for measles, mumps and rubella include Faulk, Jones and Hutchinson, state data shows. South Dakota counties that share tribal land and rural counties in south-central areas of the state rank the worst for clinical care use and access in the state, according to the University of Wisconsin Population Health Institute's 2023 report. Federal COVID relief funds paid for Wellness on Wheels. 'Because of the pandemic, public health infrastructure was found to be wanting,' Magstadt said. That infrastructure missed 'critical pieces' that hadn't been invested in, she said, such as health care access in rural areas. More than a hundred rural hospitals in the U.S. have closed in the last decade. The program, launched in April of last year, cost about $800,000 in federal funding. The state's public health COVID funding was also used to support a community health worker program, update emergency medical service equipment and telemedicine access, analyze the state of emergency medical services in South Dakota, and build a Public Health Lab and department training center. Magstadt said staff working with the Women, Infants and Children (WIC) program requested the mobile units. WIC is a federal-state program that provides healthy food, nutrition education and health care referrals to low-income women and their young children. So far, Wellness on Wheels staff have mainly driven to events. Magstadt said the department has focused on increasing awareness of the program and building trust in communities and among tribal leaders. She plans to have staff drive the buses to rural communities more regularly to increase exposure and encourage use. 'Being consistently at a facility or place every other week will help people find it,' Magstadt said. 'We talk about the importance of STI testing, for example, but if you don't know where to get tested then that's another barrier.' Magstadt plans to have the department park one of the vehicles at a homeless shelter in Rapid City this summer as well to encourage underserved urban communities to seek services. 'We like people to be connected to primary care services, but there are unique situations where it's harder to get to health care facilities,' Magstadt said. She compared the mobile clinics as a return to home visits by doctors. That practice largely ceased in the 1960s due to cost efficiencies. 'It's a part of this menu of health care access and options no longer requiring people to come to a clinic or health care system,' Magstadt said, 'but health care being taken to patients and families who need it.' Mobile health care clinics are available in every state. They range from public entities like South Dakota's Wellness on Wheels, to specialized, private care. Other mobile clinics operating in South Dakota, according to Mobile Health Map, include: Delta Dental Mobile Program Horizon Health on Wheels Midwest Street Medicine Mobile Women's Health Unit VA Mobile Counseling Program

Disney Share Prices Jumped — Should You Invest Now?
Disney Share Prices Jumped — Should You Invest Now?

Yahoo

time18 hours ago

  • Yahoo

Disney Share Prices Jumped — Should You Invest Now?

Walt Disney Co. stock prices have continued to climb following a better-than-expected earnings report in the beginning of May 2025. Stuck at under $100 since March 2025, the stock jumped to more than $112 in early May. It's hovering near its 52-week high of more than $118, and still has room for growth. Read More: Trending Now: Zacks Investment Research gave Disney a grade of 'A' for growth and momentum scores, and 'B' for value. Perhaps it would have been smarter to buy Disney stock in late 2024 or early 2025 if you were looking for value pricing. However, there's still plenty of room for growth. For instance, Rosenblatt Securities raised its price target on Disney from $135 to $140 and rated the stock a 'buy now,' according to Marketbeat. Several other analysts, including UBS Group, Loop Capital and The Goldman Sachs Group also gave Disney buy ratings. A solid earnings statement and the announcement of a new theme park and resort in Abu Dhabi, United Arab Emirates, bolstered Disney stock prices. Revenue increased 7% in the second fiscal quarter, which ended in March 2025. Income before taxes also increased from less than $1 billion to $3.1 billion. Disney+ gained 1.4 million subscribers since the prior quarter. Explore Next: It's no surprise that, in spite of heated competition from Universal's new Epic Universe theme park minutes from Walt Disney World Resort, Disney stock is starting to rise as summer approaches. 'It's a seasonal thing; summertime is always good for Disney,' David Capablanca, Miami native, finance expert, and host of The Friendly Bear podcast said. While it could be school breaks and family vacations driving Disney, the entertainment company also has a solid history and foundation that long-term investors like. 'Disney stock is… something to hold long term,' Capablanca said. 'The entertainment they offer is timeless. They've got a whole catalog of history.' Not every expert called Disney a buy or hold, however. 'Before getting too excited about recent gains, let's remember that Disney has had a lost decade, with the stock trading around the same as it was in 2015,' Vince Stanzione, CEO and founder at First Information, said. He added that even with a strong global economy, Disney has struggled. 'If we are going into a slower economy and a possible recession as I believe we are, I really don't see Disney stock offering any value.' Will a Disney investment earn the same kind of 1350% return Stanzione said Netflix delivered in the past decade? Probably not. But many retail investors buy Disney to own a piece of the company they love. In turn, their portfolio benefits from the addition of a low-risk, slow-growth, dividend-earning stock. Whether you buy Disney or not depends on what you're looking for and how you analyze the numbers. Some experts prefer to focus on the inevitable competition and tailwinds, while others adopt a worry-free philosophy toward the company and choose to focus on the positive earnings in 2025. 'They're a timeless kind of organization [and] very low risk,' Capablanca said. 'As the overall market keeps breaking out, it's going to help Disney maintain an upward trajectory over the long term. We're heading toward all-time highs, and a rising tide lifts all boats.' More From GOBankingRates Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on Disney Share Prices Jumped — Should You Invest Now? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store