Latest news with #EmiratesFloatGlass
Arabian Business
14-02-2025
- Business
- Arabian Business
Dubai Investments' MoUs drive regional pharma, glass collaboration at Qatar Industrial Summit
Dubai Investments, a leading diversified investment company, said its subsidiaries, GlobalPharma and Emirates Float Glass (EFG), signed Memorandums of Understanding (MoUs) during the 5 th Higher Committee Meeting of the Integrated Industrial Partnership for Sustainable Economic Development, held in Doha, Qatar. The agreements, supported by MoIAT (Ministry of Industry and Advanced Technology), align with regional efforts to accelerate industrial growth, enhance economic collaboration, and drive sustainable development across key sectors. As part of the expanding pharmaceutical collaboration within the region, GlobalPharma, a leading generics partner, signed an MoU with Morocco's Zenith Pharma. The agreement focuses on technology transfer, licensing, and local manufacturing of critical medications, including injectable biologics, cholesterol treatments, and diabetes solutions. With an investment exceeding $50 million, the partnership aims to bolster pharmaceutical security and enhance local production capabilities across member countries. Emirates Float Glass (EFG) signed an MoU to supply high-quality float glass to a regional manufacturing company specializing in glass and silver mirror production. Under the terms of the MoU, EFG will leverage its advanced production capabilities to ensure a steady and high-quality supply of glass, aligning with broader efforts to enhance regional supply chains and industrial self-sufficiency. The agreements, signed at the Integrated Industrial Partnership for Sustainable Economic Development attended by industry ministers from the UAE, Egypt, Jordan, Bahrain, Morocco, Qatar, and Turkey, marked a significant milestone, further expanding cross-border cooperation and investment.
Hi Dubai
13-02-2025
- Business
- Hi Dubai
Dubai Investments Signs Two Key MOUs as Part of MoIAT's Regional Industrial Partnership
Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market (DFM), has announced that its subsidiaries, GlobalPharma and Emirates Float Glass (EFG), have signed key Memorandums of Understanding (MOUs) during the 5th Higher Committee Meeting of the Integrated Industrial Partnership for Sustainable Economic Development in Doha, Qatar. The agreements, supported by the UAE's Ministry of Industry and Advanced Technology (MoIAT), aim to accelerate industrial growth, strengthen regional cooperation, and drive sustainable development across critical sectors. The high-profile event brought together industry ministers from the UAE, Egypt, Jordan, Bahrain, Morocco, Qatar, and Turkey, marking a significant step in expanding cross-border collaboration and investment. Mohammed Saeed Al Raqbani, General Manager of Dubai Investments Industries and Masharie, highlighted the importance of these agreements, stating, 'The signing of these MOUs reflects Dubai Investments' commitment to fostering industrial integration, strengthening regional supply chains, and driving sustainable economic development. By leveraging the expertise of our subsidiaries, we are contributing to the region's industrial growth and enhancing the competitive edge of our partners.' As part of the pharmaceutical sector's expansion, GlobalPharma, a key generics manufacturer under Dubai Investments, signed an MOU with Morocco's Zenith Pharma. The agreement, backed by an investment exceeding $50 million, focuses on technology transfer, licensing, and local production of critical medications, including injectable biologics, cholesterol treatments, and diabetes solutions. GlobalPharma was also recognized by attending ministers for its contributions to pharmaceutical research and development within the partnership. In the glass manufacturing sector, Emirates Float Glass (EFG) signed an MOU with a regional manufacturer in Bahrain to supply high-quality float glass for glass and silver mirror production. The agreement strengthens industrial integration between the UAE and Bahrain, ensuring a steady supply of raw materials and enhancing manufacturing efficiency. These strategic collaborations reinforce Dubai Investments' role in advancing regional industrial self-sufficiency and sustainable economic development. News Source: MSL
