Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced the establishment of the Medical Labs & Diagnostic Centers Business Group. Supporting the robust healthcare sector in Dubai and the wider UAE, the new business group seeks to foster collaborative relationships between its members and relevant stakeholders to cement importance of medical labs and diagnostic centers within the healthcare sector.
“The setting up of this business group comes at the right time as it brings together businesses within diagnostic labs sector and the further strengthens Dubai’s burgeoning healthcare industry. The business group will play an instrumental role in supporting the sector, helping it thrive in the coming years,” said Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers.
Dubai’s healthcare market is worth more than $4.63 billion annually. Dubai and the wider UAE is rapidly emerging as a healthcare hub with major opportunities. The UAE hosts the world’s largest medical free zone, Dubai Healthcare City which comprises 160 clinical partners across over 150 specialties and professionals from over 90 countries. Medical tourism sales are expected to record a CAGR of 17.1 per cent between 2021 and 2025, according to report by the Ministry of Economy and the UAE International Investors Council.
Founding member, Dr. Ola Elgaddar, General Manager at Al Borg Diagnostics UAE, highlighted, “The healthcare industry in Dubai and the wider UAE is clearly flourishing. As a founding member of this business group, I am keen to start conversations with my fellow peers to see how we can further embed our sector and businesses in the healthcare industry. This business group will serve as an opportune platform to discuss topics that are critical to our sector and bounce off ideas and suggestions on ways to move forward.”
The establishment of the Medical Labs & Diagnostic Centers business group plays a crucial role in recommending policy changes to improve the sector’s competitiveness and attractiveness while promoting international best practices and supporting the emirate’s economic growth. It is part of the chamber’s plans to increase the number of business groups that represent economic sectors and activities in Dubai to 100 by March 2023.
