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
