Wednesday, August 22, 2018
Directory Directory Subscribe
Login
 

Turkish firm to export $6 million worth in medicine to Qatar

 
 

Please, enter data

Please, enter data

Hurriyat Daily news, 4 January 2018

The Turkish pharmaceutical firm CinnaGen has signed a five million euro ($6 million) deal with Qatar’s leading drug company Ebn Sina Medical, state-run Anadolu Agency reported on Jan. 4, citing the Turkish company’s chief executive officer.
 
Speaking at a signing ceremony in Qatar’s capital Doha, Ferhat Farsi said his firm aims to raise Qatar’s accessibility to biotech medication under the agreement with Ebn Sina.
 
“Currently, Turkey’s pharmaceutical exports to Qatar are [worth] about one million euros [$1.2 million]. With our 5 million euro [$6 million] deal, we will increase our country’s drug exports to Qatar five-fold,” Farsi said.
 
The firm will invest $100 million, including for research and development, and factory investments in the upcoming period in Turkey, he added.
 
Meanwhile, Ebn Sina will work on marketing and sales of biotechnological products in the fields of multiple sclerosis, anticancer, rheumatoid arthritis and blood disease, the company’s General Manager Sherif Shehata said.
 
Turkish Ambassador Fikret Özer, on the other hand, encouraged Turkish companies to visit Qatar and find new business opportunities to build solid and long-lasting business partnerships.
 
“Partnerships will develop the economies of both countries,” Özer said.
 
Ebn Sina Medical under Al Faisal Holding dominates half of the Qatari medicine market.
 
Biotechnology—technology based on biology—uses cellular and biomolecular processes to develop technologies and products that help health and nature, according to Biotechnology Innovation Organization.
 
Hurriyat Daily news
04/01/2017
  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Sisi ratifies ‘Egypt Fund’ for mega national projects
Egypt Today, 20 August 2018

Egyptian President Abdel Fatah al-Sisi ratified a new law No. 177 for 2018 to establish a new sovereign fund named “Egypt Fund”. The law was published ...

Read full story
Sisi ratifies  ‘Egypt Fund’ for mega national projects
Chevron signs deal on field development with Basra Oil Company
The National, 19 August 2018

Iraq’s Basra Oil Company and Chevron signed an agreement to start oilfield development, with plans for a new energy company and a refinery, according to the ...

Read full story
Chevron signs deal on field development with Basra Oil Company
Qatar's real estate sector records massive growth in June sales
The Peninsula, 16 August 2018

Despite the ongoing economic blockade imposed by some of Qatar’s neighboring states, the number of real estate transactions signed in June 2018 nearly ...

Read full story
Qatar's real estate sector records massive growth in June sales
25 consortiums interested in hydro-power production in Lebanon
Business News, 15 August 2018

25 consortiums interested in hydro-power production in Lebanon
Back to Home Page 2035 --- 0 <><><> 315.16666666667.....exvideo=0....eximage=0
P -1
BR 0

 
Entertainment KSA
3 - September 2018
The 2nd Annual Digital Transformation Summit
17 - September 2018
Future Traffic Security
24 - September 2018
Future Civil Defense
24 - September 2018
Global Road & Traffic Safety Forum - Abu Dhabi
24 - September 2018
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Hospitality Qatar - 6 November - 8 November 2018  
  HQ - Food Qatar - 6 November - 8 November 2018  
  Project Qatar - 29 April - 1 May 2019  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Energy Lebanon
Project Lebanon
Qatar
Hospitality Qatar
HQ - Food Qatar
Project Qatar
Iraq
Iraq Agrofood Baghdad
Project Iraq Baghdad
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2018 - © All rights reserved