Dubai Science Park (DSP) and Dubai FDI have announced the arrival of inui Health to the United Arab Emirates (UAE). The Silicon Valley digital technology company, which allows medical-grade information to become accessible anytime, anywhere, has chosen the Emirates as its first hub outside of the US to address the region’s growing need for the disruption of technology in the healthcare sector and leverage the UAE’s advantages as a hub for creativity, innovation and global expansion.
The move, strongly supported by both DSP and Dubai FDI, is part of the UAE’s national efforts to strengthen its ties and cooperation with the US and Silicon Valley. Fahad Al Gergawi, CEO of Dubai FDI, said: “Our focus at Dubai FDI is to attract innovative startups worldwide to Dubai with a goal of achieving the Dubai Plan 2021. Our joint attraction plan with Dubai Science Park to bring in inui Health is part our continuous efforts to support Free Zones in Dubai and attract startup companies with a very unique value proposition. inui Health is another example of how Dubai is becoming a more attractive base for tech companies, continuing the trend we have been seeing in the flow of more medium-to-high-tech FDI to Emirate. Such trend was highly visible in the Dubai FDI Monitor’s latest result and we are determined to support it more in the future attraction plans of Dubai FDI as well as Dubai Science Park. We welcome the inui Health team and assure them of our continued support.”
Marwan Abdulaziz Janahi, Managing Director of Dubai Science Park and Chairing Member of the Pharmaceuticals and Medical Equipment Taskforce of the Dubai Industrial Strategy 2030, said: “We are very excited to welcome inui Health to our vibrant community of more than 350 companies and over 3,600 industry professionals. Developing the UAE’s digital capabilities, particularly in the healthcare sphere, is a conversation that is finding growing resonance among our stakeholders from the government, academia and the business community. Our new partners mark a welcome addition to Dubai Science Park, and we wish them the very best in growing their capabilities within this enabling community.”
With its Middle East headquarters now in Dubai Science Park, inui Health will soon launch its first clinical-grade mobile diagnostics platform in the country. “At inui Health, we seek to use disruptive technologies to empower people with access to information about their own health, leading to a better quality of life,” said Reza Kazemipour, inui Health’s Chief Revenue Officer. “On top of its unmatched dedication to innovation, the UAE is one of the most impressive countries in the world when it comes to providing quality care and overall wellbeing of its residents. It’s with the great support of both Dubai Science Park and Dubai FDI that inui Health can now call Dubai it’s second home – literally.”
As home to many well-known, international life science laboratories and companies such as the National Reference Laboratory, Pfizer, Merck Serono, Amgen and Boston Scientific, DSP is an integrated community that serves the entire science sector, dedicated to supporting companies of all sizes including startups, SMEs and MNCs. Dubai was the first emirate to pioneer this model, offering foreign businesses attractive concessions and a number of investment incentives.
According to Dubai FDI, Dubai attracted AED 27.3 billion ($7.4bn) of inward foreign direct investment last year, a 7.1 per cent increase from the previous year bolstered by investment projects from the US, Europe and Saudi Arabia, according to official statistics.