Dubai Health Authority (DHA) recently signed a Memorandum of Understanding (MoU) with Dubai Integrated Economic Zones Authority (DIEZ), which seeks 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.
The MoU was signed by His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, and His Excellency Awadh Seghayer Al Ketbi, Director General of DHA.
As part of the partnership, which aims to enhance the private health sector’s investments in Dubai and consolidate the sector’s role in the ongoing development of health facilities, the two sides will cooperate in preparing an integrated action plan to support the development and establishment of start-up companies, specialising in the healthcare sector. This also enables entrepreneurs and companies to benefit from the Startup Incubation Programme and other initiatives that support SMEs operating in DIEZ’s free zones.
The two sides will also develop a special framework to pinpoint the innovation standards of healthcare start-ups in Dubai. They 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 promote expertise and knowledge exchange in developing business systems for licensing start-ups approved for testing research prototypes in Dubai healthcare facilities.
His Excellency Awadh Seghayer Al Ketbi, Director General of DHA, said: “The DHA is committed to building partnerships and strengthening relations with different institutions, agencies, and departments, especially those affiliated with the Dubai government. We believe in the importance and value of joint work and efforts, which directly serve the goals and future aspirations of the Emirate.”
Furthermore, DIEZ will promote the Dubai Health Investment Guide through this memorandum at 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.
His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, added: “This partnership reflects our confidence in Dubai’s standing as one of the top global destinations for attracting foreign investments within its highly advanced healthcare sector and in recognition of the investment opportunities provided to investors, entrepreneurs, and multinationals. Through its economic zones, DIEZ will provide business packages, services, and incentives to support companies within the healthcare sector, thus contributing to attracting more investments to the Emirate and supporting the process of innovation and technological development in the sector.”
This article appears in Omnia Health magazine. Read the full issue online today.