Globalpharma and PrinceFarma Sign MoU to Advance Pharmaceutical Distribution in Angola

Globalpharma, a wholly owned subsidiary of Dubai Investments and one of the UAE's leading pharmaceutical manufacturers, has signed a Memorandum of Understanding (MoU) with PrinceFarma, an Angola-based pharmaceutical distribution company, to advance pharmaceutical distribution in Angola.

The collaboration will focus on advancing regulatory alignment and establishing commercial and distribution frameworks for Globalpharma's portfolio in Angola, including the identification of priority therapeutic areas and structured pathways for market development.

The MoU was signed by Mohammed Saeed Al Raqbani, General Manager of Dubai Investments Industries and Masharie and Board Director at Globalpharma and Aziz Rahemani, Managing Director of PrinceFarma Group.

Commenting on the collaboration, Dr Basem Albarahmeh, Chief Executive Officer of Globalpharma, said: "This collaboration with PrinceFarma reflects Globalpharma's commitment to expanding access to high-quality healthcare solutions. As part of this collaboration, PrinceFarma will support the distribution of Globalpharma's pharmaceutical portfolio in Angola, complementing Globalpharma's plans to establish pharmaceutical manufacturing operations in DIP Angola."

Aziz Rahemani, Managing Director of PrinceFarma Group, said: "This partnership with Globalpharma is an important step towards improving access to high-quality medicines in Angola. By combining our local expertise with Globalpharma's strong pharmaceutical portfolio, we aim to better serve the country's healthcare needs and contribute to improving patient access to essential treatments."

Globalpharma continues to strengthen its position as a regional pharmaceutical manufacturer through investments in research and development, manufacturing excellence and market development initiatives. The company remains focused on delivering quality pharmaceutical products while supporting sustainable long-term growth across its markets.

As Angola continues to invest in strengthening healthcare infrastructure and pharmaceutical supply chains, Globalpharma is focusing on leveraging opportunities for industry collaboration that supports improved healthcare delivery and local capacity building.