Fedegari will be present at ArabLab, one of the most important events for laboratory equipment in the Middle East.UAE pharmaceutical market is one of the largest markets in the Middle East and the second largest among the Gulf Co-operation Council (GCC) members: Bahrain, Kuwait, Oman, Qatar and Saudi Arabia.
Saudi Arabian is the largest pharmaceutical market in the region, valued at approximately $4 billion in 2013 and is projected to reach $5.9 billion in 2020 at a Compound Annual Growth Rate (CAGR) of 5.8% (Shaikh, 2011).
Drugs in the Gulf
The size of the pharmaceutical industry in the GCC countries reached USD 8.5 billion by the end of 2012, compared to USD 7.7 billion in 2011. Saudi Arabia produces 59.4% of medicine in the region, followed by 18% in UAE, 9.2% in Kuwait, 5.6% in Oman, 4.5% in Qatar and finally 3.1% in Bahrain as shown in following chart, released by Alpen Capital.
As reported by the International Trade Center – a joint agency of the World Trade Organization and the United Nations – the imported value of machinery involving a change of temperature (HS code: 8419 which belongs sterilizers) in Saudi Arabia from 2009 to 2013 has skyrocketed: from 235 million $ to 1 billion $: a 327% growth.
Fedegari @ ArabLab 2015
Come and visit our booth at ArabLab, Dubai. It will be a golden opportunity to see how the industrial pharma expertise and sophistication has been applied on customized lab solutions.
Don’t miss the chance to meet our sales team and to discover the new FGW, our cost-effective solution for glassware washing with an integrated steam generator. It combines high performance with maximum consumption savings (energy and consumables).
Join us, we will be waiting for you!
March 23-26, 2015 – Dubai (UAE)
HALL S2, STAND 549