Dubai Investments has signed a memorandum of understanding with Angola’s Ministry of Health through its subsidiary, Global Pharma, to establish a pharmaceutical manufacturing facility within the Dubai Investments-Angola complex. This agreement aims to enhance local drug production in collaboration with the Angolan health authorities.
The initiative is expected to create hundreds of job opportunities, promote self-sufficiency in the healthcare sector, and reduce reliance on imported medical products, marking a significant step towards improving Angola’s healthcare system.
The memorandum was signed by Khalid Bin Kalban, Vice Chairman and CEO, and Dr. NÃdia Da Silva Jorge Sayundo, representative of Angola’s Ministry of Health. Khalid Bin Kalban stated that the agreement reflects a shared vision for the future of Angola’s industrial and economic landscape, based on long-term collaboration and sustainable transformation.
Dubai Investments believes that genuine growth requires empowering countries to explore their true potential and activate their production capabilities, thus fostering independent development while promoting long-term economic sustainability.
In alignment with Angola’s ambition to become a leading healthcare hub in Africa, Dubai Investments looks forward to developing this facility within the ongoing project, which aims to establish a foundation for sustainable long-term prosperity in the healthcare sector.
This strategic collaboration underscores the group’s commitment to enhancing integration between global markets, accelerating manufacturing in Africa, and contributing to a more diverse, resilient, and sustainable global economy.
Over the past two years, Dubai Investments has steadily expanded its presence in Angola by developing Dubai Investments Angola, the country’s first fully integrated economic zone. Echoing the success of the Dubai Investments complex in the UAE, Dubai Investments Angola is envisioned as a comprehensive mixed-use project combining residential, commercial, and industrial areas, regarded as a catalyst for economic diversification, production, and job creation in Angola.