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Dubai tipped as mergers and acquisitions hub as Middle East HealthTech nears Dh44 billion market by 2033

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Life-sciences M&A (mergers and acquisitions) across the Middle East is expected to accelerate as Gulf governments ramp up investment in biotech manufacturing, advanced therapies and HealthTech, according to a new report by Grand View Research (GVR). 

The study forecasts the region’s HealthTech market will climb to Dh44 billion by 2033, supported by a growing shift toward biologics, localisation and technology-transfer programmes.

The findings come as the UAE and Saudi Arabia intensify efforts to build sovereign capabilities in drug development and production under the UAE Life Sciences Strategy and Saudi Vision 2030. 

Analysts say the push is driving consolidation and new deal-making ahead of the World Health Expo (WHX) 2026, formerly Arab Health, set to take place in Dubai next year.

Dubai seen as centre of consolidation

The report positions Dubai as a key coordination hub for regional life sciences expansion due to its regulatory neutrality, logistics infrastructure, and free-zone incentives.

“Dubai and the broader GCC now sit at the crossroads of science, capital and policy,” said Swayam Dash, Managing Director at GVR. 

“That convergence is catalysing a wave of acquisitions and joint ventures. Localisation is no longer just a cost play – it’s now fundamental to building an ecosystem for advanced therapies.”

CDMO and bioprocessing markets to nearly double

GVR estimates the Middle East healthcare CDMO (Contract Development and Manufacturing Organisation) market at $6.27 billion (Dh23 billion) in 2024, nearly doubling to $11.91 billion (Dh43.7 billion) by 2033 at a 7.5% CAGR.


The region’s bioprocessing market is also projected to more than double from $1.16 billion (Dh4.26 billion) to $2.44 billion (Dh9 billion) over the same period.

The trend is reshaping investor priorities. Small molecules continue to hold the largest CDMO revenue share at around 36%, but biologics, biosimilars and cell-based therapies are increasingly driving strategic focus.

Localisation drive fuels deal activity

Dash said governments are rapidly advancing localisation strategies across biologics, biosimilars and cell therapy inputs. “Global players want access to the region’s growth, and governments want capability quickly. The outcome is a strong M&A pipeline in CDMO, bioprocessing and cell therapy inputs.”

GVR notes that outsourcing is expanding as drugmakers pursue lower production costs, faster time-to-market and improved supply-chain resilience.

A smaller but fast-growing segment, cell therapy raw materials, is forecast to expand almost fourfold, from $39.2 million (Dh144 million) in 2024 to $169.8 million (Dh623.5 million) by 2033, one of the highest CAGRs globally at 17.8%.

HealthTech, AI and diagnostics draw investor interest

Dubai’s expanding biotech accelerators and digital-health pilots are also contributing to rising interest in acquisitions, especially in AI-enabled diagnostics, remote monitoring and precision-medicine platforms. These segments are expected to feature prominently in deal announcements at WHX 2026.

Regulatory delays remain a risk

The report warns that regulatory fragmentation and limited specialised talent could slow some large cross-border deals despite the region’s strong growth trajectory.

The pharmaceutical CDMO segment, for example, is expected to grow from $3.50 billion (Dh12.85 billion) to $5.39 billion (Dh19.79 billion) by 2033, reflecting a more moderate 4.9% CAGR in mature areas of the market.

Still, Dash said the strategic direction is clear: “The Middle East doesn’t just want access to advanced therapies, it wants to produce them. Consolidation and capability acquisition will be central to that aim.”

WHX 2026 poised as deal-making platform

With global biopharma and CDMO companies preparing to expand in the Gulf, WHX 2026 is expected to serve as a major platform for investment announcements, joint ventures and new manufacturing partnerships. Analysts expect the next 24 months to be critical for companies positioning themselves within a developing Gulf-based life-sciences hub.

With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.

Business

Dubai’s out-of-home advertising scene gets a boost as NextWhat Advertising lands ONEVASCO deal

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If you’ve ever wondered where brands go when they want to actually capture people’s attention, Dubai’s latest move in out-of-home (OOH) advertising might give you a clue. NextWhat Advertising has just scored the exclusive marketing rights for ONEVASCO, a high-traffic visa concierge hub near Wafi City, and it’s a smart play in a city where eyeballs are precious.

Here’s why it matters: ONEVASCO sees over 700,000 visitors a year, most of them expats, travellers, and families applying for visas to more than 40 destinations. That’s a captive audience spending 20 minutes to a few hours at the venue, way more time than you’d get on a roadside billboard. Longer dwell time means brands can really make an impression, says Mahesh Anchan, COO of ONEVASCO.

Why premium OOH is the new big thing

The UAE’s OOH market is evolving. Instead of just cluttering the streets with billboards, advertisers are chasing high-value, attention-rich spots, such as airports, visa centres, and other hubs where people are present, engaged, and receptive.

Digital OOH is also on the rise. The UAE’s market pulled in $82 million in 2024 and is projected to hit $127 million by 2030, growing steadily as brands prefer dynamic, high-resolution placements over traditional mass-reach formats.

Connecting with the right audience

According to Tanvir Shah, Founder & MD of NextWhat Advertising, ONEVASCO is more than a place to hang ads. Visitors are in a reflective, aspirational mindset, planning travel and thinking about experiences, perfect for luxury brands, travel, hospitality, banking, and high-end retail looking to connect with the right audience.

Since 2021, NextWhat has built a portfolio of over 40 premium locations across Dubai, from Business Bay and Sheikh Zayed Road to Dubai Canal and Dubai World Trade Centre. Their focus? High-impact, rare locations rather than sheer volume.

The bigger picture

With Dubai expecting over 20 million international visitors by the end of 2025, it’s no surprise that digital OOH is booming. Platforms like ONEVASCO offer brands exclusive, long-dwell-time environments, the kind of spaces that make every impression count.

In short: if brands want eyes on them in Dubai, premium, attention-rich OOH is where it’s at, and NextWhat just added one of the city’s most strategic spots to its roster.

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UAE updates Corporate Tax Law, clarifies use of tax credits and incentives

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The UAE government has issued a new Federal Decree-Law amending key provisions of the Corporate Tax Law (Federal Decree-Law No. 47 of 2022), bringing greater clarity on how corporate tax is calculated and settled when tax credits, incentives and reliefs are involved.

The amendments are designed to make the system clearer, more structured and more flexible for businesses, while also introducing the option to claim payments for unused tax credits in certain cases.

What’s changed?

The updated law clearly sets out the order in which corporate tax liabilities must be settled when incentives apply:

  1. Withholding tax credits are used first
  2. If tax is still due, foreign tax credits are applied
  3. Any remaining liability can then be settled using other incentives or reliefs approved by the Cabinet
  4. Any balance after that must be paid in line with existing Corporate Tax rules

In short, credits are now applied in a clear, step-by-step sequence, removing ambiguity for taxpayers.

New option to claim unused tax credits

A key update in the decree allows taxable persons to claim a payment for unutilised tax credits, subject to:

  • Specific conditions
  • Approved timeframes
  • Prescribed procedures

These details will be set out in a Cabinet decision, based on recommendations from the Minister.

Role of the Federal Tax Authority

The amendments also authorise the Federal Tax Authority (FTA) to withhold amounts from corporate tax revenues, and where applicable, top-up tax revenues, to settle approved claims for unused tax credits, following a decision by the FTA’s Board of Directors.

Why it matters

For businesses operating in the UAE, the changes:

  • Improve certainty and transparency in tax calculations
  • Clarify how incentives and credits are applied
  • Introduce greater cash-flow flexibility through potential refunds of unused credits







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UAE warns public as two unlicensed investment firms flagged by regulator

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The UAE’s Securities and Commodities Authority (SCA) has issued a fresh investor alert, warning the public about two companies operating without the required licences.

In a statement on Friday, December 12, the authority identified XC Market Limited and XCE Commercial Brokers LLC as unlicensed entities, noting that both firms are conducting financial activities without SCA approval.

The regulator stressed that the companies are not authorised to carry out regulated investment services or offer any related financial products in the UAE. It also clarified that it bears no responsibility for any transactions conducted with the firms.

The warning follows a series of recent alerts as part of the SCA’s ongoing push to combat fraudulent operators. Earlier this month, the authority cautioned investors about Global Capital Securities Trading, which was posing as a licensed trading firm. On December 3, it also flagged an entity calling itself the Gulf Higher Authority for Financial Conduct, which was found using a misleading website and falsely claiming regulatory status.

The SCA reiterated that investors should verify the licensing status of any company before engaging in financial dealings, as the regulator continues monitoring for unlicensed operators and cloned platforms targeting the UAE market.


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