Borouge, the joint venture between Adnoc and Austrian chemicals producer Borealis, has signed a preliminary agreement with the Abu Dhabi Medical Devices Company (ADMD) to supply plastics and develop the emirate’s medical devices sector.
As part of the agreement, Borouge will supply polyolefin — a thermoplastic material used widely in medical devices and packaging — to ADMD.
The use of plastics in health care application has increased owing to spiralling health care demand. The new generation of medical devices is developed using polyolefin instead of traditional materials such as glass, paper, cardboard or metal.
“We are pleased to be part of this important partnership through which we will supply ADMD with our solutions, reinforcing our leading position as the polyolefin solution provider of choice for the UAE healthcare sector,” Khalfan Al Muhairi, senior vice president regional MEAE, Borouge, said in a statement on Tuesday.
ADMD, which produces a range of medical devices, is the only manufacturer of auto-disable syringes in the Middle East and Africa, producing more than 400 million units annually.
The partnership, driven by the Ministry of Industry and Advanced Technoloy, is another “significant” step for Borouge towards supporting the UAE healthcare sector, said the company.
The global medical plastics market, which was valued at $46.1 billion in 2021, is expected to grow annually at a rate of 7.5 per cent from 2022 to 2030, according to Grand View Research.
Last month, the UAE announced the signing of industrial deals worth Dh260 million ($70.79m) between major pharmaceutical and medical companies to manufacture medical equipment locally.
Under the partnerships, PureHealth, one of the largest healthcare providers in the UAE, will work with ADMD, the Abu Dhabi Ports Group and Borouge, to establish a Dh110m medical supplies production line in Abu Dhabi.
Borouge will provide raw materials while the Abu Dhabi Ports Group will provide industrial land in ICAD 1 for the production of medical syringes, administration devices and blood collection tubes.
“Our specialised range of healthcare solutions ensures that the customer’s healthcare business is carried out in a reliable way with respect to the needs of the industry,” Mr Al Muhairi said.
“Going beyond medical compliance documentation and technical services, we gather insights from the value chain partners and incorporate these into our processes, from product conception to production, procurement, support and distribution,” he added.
Borouge reported a 14 per cent rise in revenue for the first nine months of 2022 from the same period a year earlier on higher sales of polypropylene, a key petrochemical.
Earlier this year, the company successfully started operations at its fifth polypropylene unit (PP5) in Ruwais as it continues to expand its production capacity.
The unit will help the UAE to meet the growing global demand for products in the recyclable advanced packaging, infrastructure and industrial sectors.
Abu Dhabi card
5pm: Handicap (TB) Dh100,000 2,400m
5.30pm: Wathba Stallions Cup Handicap (PA) Dh 70,000 2,200m
6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 1,400m
6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000 1,400m
7pm: Handicap (PA) Dh85,000 1,600m
7.30pm: Maiden (PA) Dh80,000 1,600m
The National selections:
5pm: Valcartier
5.30pm: AF Taraha
6pm: Dhafra
6.30pm: Maqam
7pm: AF Mekhbat
7.30pm: Ezz Al Rawasi
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
MATCH INFO
Scotland 59 (Tries: Hastings (2), G Horne (3), Turner, Seymour, Barclay, Kinghorn, McInally; Cons: Hastings 8)
Russia 0
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
Sugary teas and iced coffees
The tax authority is yet to release a list of the taxed products, but it appears likely that sugary iced teas and cold coffees will be hit.
For instance, the non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.
Cold coffee brands are likely to be hit too. Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.
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