Saudi Arabia Shows Readiness to Establish Tech Industrial Zones

Minister of Industry and Mineral Resources, Bandar Alkhorayef and SDAIA President Dr. Abdullah Al-Ghamdi during the launch of the AI Center for Manufacturing and Mining (SPA)
Minister of Industry and Mineral Resources, Bandar Alkhorayef and SDAIA President Dr. Abdullah Al-Ghamdi during the launch of the AI Center for Manufacturing and Mining (SPA)
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Saudi Arabia Shows Readiness to Establish Tech Industrial Zones

Minister of Industry and Mineral Resources, Bandar Alkhorayef and SDAIA President Dr. Abdullah Al-Ghamdi during the launch of the AI Center for Manufacturing and Mining (SPA)
Minister of Industry and Mineral Resources, Bandar Alkhorayef and SDAIA President Dr. Abdullah Al-Ghamdi during the launch of the AI Center for Manufacturing and Mining (SPA)

The Global Smart City Forum, hosted by the Saudi Data and Artificial Intelligence Authority (SDAIA), concluded after two days of discussions on smart city futures and infrastructure challenges.

Participants emphasized Saudi Arabia’s readiness for smart industrial zones, foreseeing substantial opportunities in manufacturing and mining. They highlighted the Kingdom’s strides in advanced air mobility, including plans for new airports.

Dr. Esam bin Abdullah Al-Wagait, Director of the National Information Center at SDAIA, stressed the forum’s significance as a beacon for sustainable and smart urban development.

He underlined the mission to create urban spaces where technology serves humanity, enhances life quality, and preserves the environment.

Al-Wagait added that SDAIA leads in smart city initiatives and assumes responsibility for activating and developing AI and data technologies within smart cities.

As part of its commitment to progress, SDAIA announced the launch of a congestion solutions center utilizing data and AI.

Moreover, discussions at the forum revolved around establishing green cities, utilizing data for efficient management, improving transportation, integrating new technologies, and ensuring top-notch city services.

The importance of smart energy solutions, innovation-driven economies, transparent governance, intelligent transportation, and prioritizing human well-being through smart healthcare and education were highlighted.

Al-Wagait emphasized leveraging daily-generated data to make informed decisions for more efficient and responsive cities, emphasizing digital empowerment and data’s role in decision-making.

Minister of Industry and Mineral Resources, Bandar Alkhorayef, highlighted smart cities as hubs for industrial growth and sustainable technology dissemination.

He stressed the need for smart industrial cities to enhance technology adoption in factories and mining sites.

On his part, Prince Dr. Bandar bin Abdullah bin Mishari, Assistant Minister of Interior for Technical Affairs, explained that intelligent humans are the foundation of progress, and noted Saudi Arabia’s early adoption of computing in the 1950s.



UAE’s Mubadala Acquires Majority Stakes in Global Medical Supply Chain, Al Ittihad Drug

The acquisition enhances Mubadala's footprint in the healthcare logistics and pharmaceutical distribution sectors. WAM
The acquisition enhances Mubadala's footprint in the healthcare logistics and pharmaceutical distribution sectors. WAM
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UAE’s Mubadala Acquires Majority Stakes in Global Medical Supply Chain, Al Ittihad Drug

The acquisition enhances Mubadala's footprint in the healthcare logistics and pharmaceutical distribution sectors. WAM
The acquisition enhances Mubadala's footprint in the healthcare logistics and pharmaceutical distribution sectors. WAM

Mubadala Investment Company has acquired an 80% stake in Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) from GlobalOne Healthcare Holding (GHH), with GHH retaining a 20% stake, Emirates News Agency (WAM) reported on Tuesday.

This strategic acquisition enhances Mubadala's footprint in the healthcare logistics and pharmaceutical distribution sectors, aligning with the UAE's vision to establish a robust life sciences infrastructure, WAM said.

Founded in 2015, GMSC provides comprehensive end-to-end supply chain services for medical products, including demand planning, procurement, logistics, inventory management, warehousing, and maintenance.

GMSC serves over 200 medical facilities, including hospitals and clinics across the UAE. With a dedicated team of medical supply chain specialists, GMSC sources a broad array of products from almost 400 suppliers, ensuring a reliable supply chain for all medical needs.

IDS, established in 1987, stands as one of the leading distributors of pharmaceutical and consumer healthcare products in the UAE. Distributing over 1,000 products from over 40 leading suppliers, IDS services every hospital, and all, or at least most pharmacies and supermarkets within the UAE. It boasts a vast portfolio that spans multiple therapeutic categories including anti-infectives, asthma, diabetes, and oncology.

"The expanding pharmaceutical market drives an increasing demand for specialized and efficient drug logistics solutions. By integrating GMSC and IDS into our portfolio, we are poised to create a vertically integrated life sciences sector in the UAE and enable its potential to encompass the entire value chain from logistics and distribution to specialized manufacturing,” said Executive Director of UAE Clusters at Mubadala's UAE Investments Platform Ismail Ali Abdulla.

As for Low Ping, Group CEO Yas Holding, she said that the transaction “continues Mubadala's strategic growth, following another significant acquisition by its new speciality pharmaceutical business, KELIX bio, which recently acquired a 100% stake in four pharma assets from GlobalOne Healthcare Holding's, the healthcare division of Yas Holding.”

“These concerted efforts underline Mubadala's commitment to strengthening the UAE's healthcare and pharmaceutical sectors as part of broader national ambitions for drug security and economic diversification."

GlobalOne Healthcare Holding LLC serves as the dedicated Healthcare Division of Yas Holding LLC, focusing on enhancing healthcare outcomes by investing in innovative solutions across various healthcare verticals.