Julphar plans to invest AED300 million over next five years: CEO

WAM
19 May 2025, 18:09 GMT+10

ABU DHABI,19th May, 2025 (WAM) -- Basel Ziyadeh, CEO of Gulf Pharmaceutical Industries (Julphar), affirmed that the company continues to strengthen its position as a key driver of the pharmaceutical industry in the UAE. He noted that Julphar exports more than 80% of its production to around 40 global markets, an achievement that reflects the advancement of its manufacturing infrastructure and the efficiency of national talent.

In statements to the Emirates News Agency (WAM) on the sidelines of the first day of the "Make it in the Emirates 2025", Ziyadeh revealed an ambitious investment plan worth AED300 million over the next five years. The plan aims to expand the manufacturing base and localise advanced technologies in cooperation with global partners, thereby supporting the national economy by boosting non-oil pharmaceutical exports.

He explained that the company has invested about AED100 million over the past three years to enhance its manufacturing infrastructure and introduce new technologies. During the same period, it launched more than 35 new pharmaceutical products, meeting the needs of the local market and exporting to various countries.

He stated that after more than 45 years since Julphar's establishment, the company proudly stands as one of the first pharmaceutical firms to launch from the UAE to the world, at a time when the Arab pharmaceutical industry was almost non-existent. Today, the company exports from the UAE to dozens of global markets, relying on one of the largest industrial bases in the Arab region.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Switzerland Times.

More Information

null in null

Europe Business

Section

World Insights: EPC summit ends in multiple challenges

With no non-EU country volunteering to host the 2026 summit, doubts about the EPC's long-term viability continue to grow. As the European...

EU countries agree on 150 billion defence fund

BRUSSELS, 19th May, 2025 (WAM) -- European Union countries on Monday in principle agreed on the proposals for a 150 billion fund aimed...

What Bulgarias Euro Adoption Means for Your Loans and Bank Accounts

Bulgaria's transition to the euro raises many questions about how loans and payments will be handled, especially for those who have...

India-UK apparel, home textiles trade to double in 5-6 years under FTA: ICRA

New Delhi [India], May 18 (ANI): India's apparel and home textiles trade with the United Kingdom is poised for significant growth,...

European leaders urge Israel to end attacks in Gaza amid mounting humanitarian crisis

European Council President Antonio Costa expressed his dismay on social media, stating he was shocked by the developments in Gaza and...

Ukraine says nine people killed, four others injured in Russian drone strike on passenger bus

Kyiv [Ukraine], May 17 (ANI): Ukrainian officials have said that a Russian drone strike has hit a passenger bus in the Sumy region,...

International

Section