(MENAFN - Gulf Times) Aamal Company and its fully owned subsidiary, Ebn Sina Medical, have signed a distribution agreement with Turkish Company CinnaGen Ilac, which involves importing several biotech drugs to Qatar used for medical treatment of multiple sclerosis, rheumatoid arthritis, cancer, and blood diseases.
The signing ceremony was held in Doha in the presence of Turkey's ambassador Fikret Ozer, CEO of CinnaGen Ilac, Dr Ferhat Farsi and Ebn Sina Medical general manager Sherif Shehata.
Aamal Company vice chairman and managing director Sheikh Mohamed bin Faisal al-Thani said, 'We are very pleased to announce this agreement with CinnaGen Ilac, which reflects Aamal's persistence on exploring new international markets and creating cooperative relationships with companies that go in line with the quality standards of Aamal has set for its products.
'We are positive that this deal will support Ebn Sina organic growth, which include being alert to the market demands and adopt a proactive approach partnering with leading institutions to provide the local market with the best and latest pharmaceutical products to meet the increasing market needs.
Shehata said, 'I am pleased to announce this partnership with a leading pharmaceutical firm such as CinnaGen Ilac. As we reveal this agreement, we express our determination and commitment to secure medicine availability in Qatar based on the recommendations of the Ministry of Health from different resources, including Turkey, which has shown strong support to the Qatari market in the status quo. Our deal with CinnaGen Ilac came after careful search for a well-established partner in Turkey to provide us with such an excellent opportunity to expand our product offering.
Affiliate to make copper wires, aluminium bars
An affiliate of Qatari conglomerate Aamal Co plans to build three factories to produce copper wires, aluminium bars and drums for cables, projects that could make the country more self-reliant in the face of an embargo by other Arab states.
The factories will be established by Senyar Industries Qatar Holding, owned 50% by Aamal and 50% by Egyptian cable maker El Sewedy Electric Co, Aamal said yesterday.
Qatar's government has been encouraging companies to set up local production facilities, reducing the need for imports, since Saudi Arabia and three other Arab countries cut diplomatic and transport links last June, disrupting import channels.
'Once those three projects are completed, we will have an integrated cycle for cable manufacturing that will fulfil the local market needs as a first step before we then export to other markets, Aamal's chairman Sheikh Faisal bin Qassim al-Thani said in a statement.