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Objectives

Objectives

  • Strategic exposure of untapped potential & pharma capabilities of Arab League nations
  • To position Arab League pharma industries on global map
  • To invite domestic & international investments in Jordan & neighbouring pharma industries
  • To showcase the strength of the finished products manufacturers by the Arab League pharmaceutical industry, in terms of:
    • Quality
    • Quantity
    • Variety
    • Technology
  • To promote the industry among:
    • Medical Practitioners
    • Pharmacists
    • Chemists / Retailers
    • Whole-sellers
    • Govt. Departments
    • Importers & Exporters
  • Lobbying with the Government
  • To bring Joint Ventures (JVs)
  • To attract domestic & foreign investments in pharma sector
  • Sharing of risks and exploring economies of scale
  • Access to technology
  • Access to international markets and an increase in export potential for state based companies
  • Invite accessible pharma finished products buying countries
  • Access to capital
  • Reduction of manufacturing costs and other overheads including expenditure on R&D (Research & Development)
  • Bringing in Complimentary skills / resources
  • New technology or products or capital
  • Ensuring competitive advantage
  • Opening of new employments
  • Put all the stake holder on one platform
  • Government intends to encourage alliances and JVs / strategic partnerships between Jordan based companies and national / international companies
  • These relationships may help boost the socio-economic climate of the state and the country
  • Stepping ahead for the better health standards for the Jordan and neighbouring countries’ citizens
  • These alliances / partnerships can be both Greenfield and Brownfield including:
    • Technology Transfer arrangements
    • Setting up of mutually beneficial business units
    • Establishing CoE’s (Center of Excellence) or R&D (Research & Development) facilities, etc
  • Showcase the strength of the finished products manufacturers by the Arab pharmaceutical industry to the buyers markets
  • Get Foreign Exchange
  • Heavy duties on imported medicines (those are being manufactured in Jordan) helps to build up the foreign exchange
  • Promote the pharma manufacturing segment of the industry
  • Explore the untapped potential of Southwest Asia region through of pharma manufacturing & exports
  • Obtain technical know-how from international regulatory organizations