DUBAI, UAE – Dubai Health Authority (DHA) has signed a Memorandum of Understanding (MoU) with Dubai Integrated Economic Zones Authority (DIEZ) to enhance investment opportunities in the healthcare sector and support the formation of healthcare start-ups.
The MoU will help to promote cooperation and coordination between the two sides and develop innovative technological solutions.
This aligns with the Dubai Economic Agenda D33, which was recently announced by 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 pact was inked 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.
The partnership 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 organizations will cooperate and prepare an integrated action plan to support the development and establishment of start-up companies, specializing in the healthcare sector.
This is in addition to enabling entrepreneurs and companies to benefit from the Startup Incubation Program 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.
The two will develop a special framework to pinpoint 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 healthcare technology.
The partnership will also promote expertise and knowledge exchange in 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.”
He said, “DHA is glad to bolster its partnership with DIEZ, which will consolidate Dubai’s efforts to achieve competitiveness in the health sector.”
Al Zarooni said, “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.”
He said DIEZ is committed to “providing an environment that supports innovation, research and development, and an incubator for talents from around the world.”
He added, “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 role of the DHA in improving the quality of healthcare services and consolidating Dubai’s position as a global medical and health center that provides the best healthcare services via an integrated system comprising 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 DIEZ seeks to achieve the vision of the leadership to build an economic market characterized by diversity of investment and ease of doing business 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 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.