May 26, 2014
Manama: HE Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the Bahrain Economic Development Board (EDB) met with a delegation from Malaysia-based Pharmaniaga, one of the world’s leading manufacturers and distributors of generics, and distributors of medical devices.
The discussion centered around the company’s future plans, as well as the various investment opportunities found in the Kingdom, which are led by the country’s liberal economic environment. Also explored were the policies governing the manufacturing sector and the efforts by the EDB to drive foreign direct investment into the Kingdom and encourage companies to make Bahrain a headquarters for their operations in the region.
Commenting on the visit, Ms. Vivian Jamal, the Executive Director of the Business Development at the EDB said, “It is our pleasure to meet with the delegation from the Malaysia-based Pharmaniaga to discuss and explore Bahrain’s investment opportunities and economic climate. We are proud of the fact that many large international companies such as Pharmaniaga, find Bahrain to be an ideal location from which they can take advantage of the growing GCC market, which is currently worth $1.5 trillion. This is indicative of the Kingdom’s positive and competitive economic environment, which actively encourages investment, and also boasts one of the most highly skilled workforces in the region”.
Pharmaniaga have factories in both Malaysia and Indonesia, and their products and medicines cover around 150 hospitals, and over 2000 health centers in Malaysia. The company holds around a 60% market share in government hospitals, and manages its own supply chain, starting from their warehouses, to the hospital stores and inventories. Pharmaniaga products include, anaesthetics, analgesics, antihistamines, antidotes, as well as cardiovascular, immunological, and respiratory medication.
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