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United Arab Emirates – PureHealth, one of the largest integrated healthcare platforms in the Middle East, today (June 1) strengthened its commitment to the National Domestic Value (ICV) program – one of the key pillars of the National Industrial Strategy – announcing a project to increase its 10-year commitment to local procurement by 30 percent, taking its total commitment to AED13 billion (US$3.5 billion) by 2032.
The announcement was made during the Make it in the Emirates forum at the Abu Dhabi Energy Centre.
Last year, PureHealth joined the national ICV program after signing a memorandum of understanding with the Ministry of Industry and Advanced Technology (MoIAT). During the inaugural Make it in the Emirates Forum in 2022, PureHealth announced that it will source AED10 billion worth of products, including pharmaceuticals and medical products, from local suppliers.
This year, it announced an additional AED3 billion for local sourcing, bringing the total value of its local sourcing commitments to AED13 billion. The National ICV Program supports the growth and development of the UAE’s national industrial sector and enhances its competitiveness.
Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, said: “The National ICV Program is one of 50 projects in the UAE under the National Industrial Strategy, which has successfully aligned the Ministry and its government and private sector industry partners to support the industry as a whole. entrepreneurship and innovation in the sector, especially SMEs.”
Al Suwaidi noted that ICV-certified companies contribute an estimated AED53 billion to the national economy by 2022.
“As the initiative continues to empower the industrial sector and improve its performance and sustainability, it redirects more public and private sector spending into the national economy,” he said.
Farhan Malik, Managing Director and Chief Executive Officer of PureHealth, said: “Last year, PureHealth committed to increasing its contribution to the Domestic Value initiative, an important long-term initiative to build a sustainable and more prosperous future for the UAE.”
“As part of this commitment, we are pleased to announce a 30% increase in our 10-year commitment to sourcing from local suppliers, bringing the total value to AED13 billion by 2032. ICV is more than just a Dispensable plan but there has to be a plan that brings long-term benefits to the participating entities and the government. If you want to generate long-term benefits, you need to make long-term commitments,” he added.
PureHealth’s announcement led to procurement opportunities worth AED 10 billion announced at the second Make it in the Emirates Forum. The additional opportunity builds on last year’s AED110 billion offtake agreement.
PureHealth will allocate opportunities in all local sourcing areas of technical and general services, medical consumables and supplies including diagnostic consumables, gastric and hepatobiliary systems, laboratory storage and packaging, patient care and pharmaceuticals.
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