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Dubai Chamber of Commerce launches Medical Labs & Diagnostic Centres Business Group

January 7, 2023
finance & economy

DUBAI, 6th January, 2023 (WAM) -- Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced the establishment of the Medical Labs & Diagnostic Centres Business Group.

The new business group seeks to foster collaborative relationships between its members and relevant stakeholders to cement the importance of medical labs and diagnostic centres within the healthcare sector.

“The setting up of this business group comes at the right time as it brings together businesses within the diagnostic labs sector and 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 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.

According to a report by the Ministry of Economy and the UAE International Investors Council, medical tourism sales are expected to record a CAGR of 17.1 percent between 2021 and 2025.

Founding member, Dr. Ola Elgaddar, General Manager at Al Borg Diagnostics UAE, stated, “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 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 centres 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 representing economic sectors and activities in Dubai to 100 by March 2023.

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