September 08, 2014
Manama, Bahrain Economic Development Board, 8 September 2014: Malaysia-based company Pharmaniaga, one of the world’s leading manufacturers and distributors of generics, and distributors of medical devices, visited the Kingdom of Bahrain today for the second time to engage in meetings with HE Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the Bahrain Economic Development Board.
Discussions 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.
The Bahrain EDB organized official meetings and visits with various ministries and entities for Pharmaniaga to meet with, within the Kingdom of Bahrain, over the next two days.
On the occasion, HE Eng. Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the EDB, said: “We are delighted to meet with Malaysia-based company, Pharmaniaga, in the Kingdom of Bahrain once again to discuss Bahrain’s investment opportunities and its economic environment. It gives us great pride to see leading international companies such as Pharmaniaga consider Bahrain as an ideal location from which to access the growing market. This is a testament to both the Kingdom’s positive and competitive economic climate that continues to encourage investment.”
The Economic Development Board has a representative office in the Republic of India, which operates as the regional office for south Asia and includes Malaysia and has played an integral role in attracting Pharmaniaga to the Kingdom of Bahrain.
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.