.jpg)
The Abu Dhabi Securities Exchange (ADX) said today it encourages the establishment of listed healthcare funds and the listing of more healthcare and life sciences companies on the exchange.
Speaking at the GCC Health and Development Forum in Abu Dhabi today, Tom Healy, Chief Executive of ADX said: “Abu Dhabi is in a stronger position coming out of the financial crisis than many other economies thanks to its hydrocarbon revenues and forward-thinking Government policies. ADX can therefore provide the international healthcare and life sciences sectors with the infrastructure to access capital on both a local and regional basis.”
ADX has a small healthcare sector, with two listed companies – Gulf Medical Projects and Gulf Pharmaceutical Industries (Julphar). Healy said an expanded healthcare sector and the establishment of related funds, listed on the exchange, would fulfill important aspects of the Government’s roadmap for economic development – Abu Dhabi Economic Vision: 2030.
“One of the main objectives of this vision is to enable financial markets to become the key financiers of economic sectors and projects,” he said. “Specifically, we need to create more vehicles for investing money, create local funds and encourage funds from overseas. All of this offers a unique opportunity to the healthcare and life sciences industry,” he concluded.
