DHA, DIEZ partners to nurture investment opportunities in city's healthcare sector

Dubai Health Authority (DHA) has signed a Memorandum of Understanding (MoU) with Dubai Integrated Economic Zones Authority (DIEZ), to promote cooperation and coordination between the two sides to enhance investment opportunities in Dubai’s healthcare sector, support the formation of healthcare start-ups, and develop innovative technological solutions.

This aligns with the Dubai Economic Agenda D33 agenda, which was recently announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

The MoU signing took place at an official ceremony on the sidelines of the DHA’s participation in the Arab Health 2023.

The MoU was signed by Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, and Awadh Seghayer Al Ketbi, Director-General of DHA, in the presence of officials and employees from both sides.

As part of the partnership, which aims to enhance the private health sector’s investments in Dubai and consolidating the sector’s role in the ongoing development of health facilities, the two sides will cooperate to prepare an integrated action plan to support the development and establishment of start-up companies, specialising in the healthcare sector.

This is in addition to enabling entrepreneurs and companies to benefit from the Startup Incubation Programme and other initiatives that support SMEs operating in DIEZ’s free zones, all of which seeks to protect the intellectual property and commercial brands of both existing and new investors.

Additionally, the two sides will develop a special framework to pinpoint the innovation standards of healthcare start-ups in Dubai, and will create a supportive platform to offer expertise, guidance, and research to attract investment opportunities in the field of healthcare technology, all in line with future needs and available capabilities.

The partnership will also promote expertise and knowledge exchange in the field of developing business systems for licensing start-ups approved for testing research prototypes in Dubai healthcare facilities.

Al Ketbi said,

“Signing this MoU will open up new prospects for achieving new goals by both sides. The MoU seeks to drive the growth of health establishments and healthcare startups in Dubai. DHA is glad to bolster its partnership with DIEZ, which will consolidate Dubai’s efforts to achieve competitiveness in the health sector."

Dr. Al Zarooni added,

“With this partnership, DIEZ is committed to supporting the Dubai Economic Agenda D33 goals, which seek to increase the flow of investments in various sectors, including health, as well as providing an environment that supports innovation, research and development, and an incubator for distinguished talents from around the world. This would establish a solid basis for the emirate’s economy and give it the necessary flexibility and resilience to deal with all changes.”

Al Zarooni highlighted the essential role of the DHA in improving the quality of healthcare services and consolidating Dubai’s position as a global medical and health centre that provides the best healthcare services via an integrated system comprised of world-class experts, advanced equipment, and innovative solutions.

Through this MoU, DIEZ will promote the Dubai Health Investment Guide at its various related promotional events and activities. This guide outlines investment opportunities in the health sector and identifies promising investment fields and locations that are in-demand for medical services.

Through partnerships and agreements signed between various government and private entities, DIEZ seeks to achieve the vision of the wise leadership to build an economic market in the emirate that is characterised by diversity of investment and ease of doing business, all while meeting the highest levels of competitiveness.

DHA continues to advance its goals towards achieving competitiveness, operational efficiency, transparency, and ensuring the quality of health services and products in accordance with the approved policies and the highest international standard. This is in addition to promoting and supporting innovation, and anticipating future needs and prospects in all aspects of the health sector.

News Source: Emirates News Agency