Saudi Arabia to Host Conference on Water Desalination in Space

Saudi Arabia will host a conference to discuss the future of water desalination and the latest industrial developments. (Asharq Al-Awsat)
Saudi Arabia will host a conference to discuss the future of water desalination and the latest industrial developments. (Asharq Al-Awsat)
TT

Saudi Arabia to Host Conference on Water Desalination in Space

Saudi Arabia will host a conference to discuss the future of water desalination and the latest industrial developments. (Asharq Al-Awsat)
Saudi Arabia will host a conference to discuss the future of water desalination and the latest industrial developments. (Asharq Al-Awsat)

Saudi Arabia’s capital Riyadh will host the Future of Desalination International Conference (FDIConf 2022).

It is the first global gathering of its kind that explores the prospects and solutions for the future of water in the world to develop the industry and research and propose sustainable solutions.

The three-day event, “Desalination in Space”, is being organized by the Saline Water Conversion Corporation (SWCC) and will be held on September 11.

Policymakers, innovators, financiers, marketers, operators, contractors, developers, and technology suppliers from around the world are set to participate.

The event will draw a roadmap for the development of the unconventional water resources industry until 2030 through workshops and a 3D presentation on desalination in space, undersea and in snowy areas, and virtual simulation stations that operate without humans.

It seeks to present a progressive and ambitious reading of the future in the field of water desalination, in line with advanced research, to benefit from space sciences and related experiments.

Experts will discuss new visions related to water desalination activity according to the available information, requirements and future research in the field of space.

It aims to suggest solutions that may held reduce carbon emissions by 50%, developing revenues in the industry, and controlling the cost of water desalination to reach the world record price of $0.32 per cubic meter.

The event will kick off with a ministerial session and an inaugural session, as well as an accompanying exhibition on water desalination.

Relevant parties will sign agreements and memoranda of understanding to underscore Saudi Arabia's pioneering role in water desalination.

The SWCC was established in 1974 as an independent governmental institution with a legal personality, mandated and entrusted with desalination of seawater and delivery of desalinated water produced to various regions across the Kingdom.



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
TT

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.