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In a promotional
video introducing itself, Hikma, Jordan’s iconic pharmaceutical firm, begins
with the phrase: It’s easy.
Certainly, it’s. It may be simplified as an organization
which began with a dream by its founder, the late Samih Darwazah, who
established and turned it through the years into the largest drug maker within the
Arab world and a revered multi-billion greenback worldwide firm which
employs greater than 8,000 folks world wide.
His two sons, Mentioned and Mazen, continued the journey
and expanded its outreach to new markets, constructing on their father’s revered
legacy.
Final month, His Majesty King Abdullah inaugurated
the corporate’s new Center East and North Africa headquarters in Amman. In his
remarks on the occasion, he “burdened the significance of the pharmaceutical sector
for the nationwide economic system”, noting that “pharmaceutical industries are among the many
precedence sectors of the Financial Modernization Imaginative and prescient for the upcoming 10
years”.
The King “lauded Hikma Prescribed drugs as one of many
main nationwide firms within the pharmaceutical sector”.
Mazen Darwazah, Hikma’s government vice chairman and
president of Hikma MENA, stated through the occasion that the corporate “plans to
set up a regional analysis and improvement hub in Salt, which is able to allow
the corporate to outsource R&D capabilities to the area and the world”.
“Hikma Prescribed drugs operates 32 manufacturing
crops and 7 main R&D facilities within the US, Europe, and the MENA,
together with two in Jordan,” he stated.
The story doesn’t finish right here, in fact. There’s a
lesson in it for Jordan and Jordanian entrepreneurs to study.
A have a look at the founder’s profession can simply present why
and the way such a pharmaceutical plant developed into a large. Samih Darwazeh had
the imaginative and prescient, the information, the best companions and proficient successors who
believed in his dream, which can have sounded far-fetched or been met with
skepticism within the Eighties.
That is precisely how enterprise must be run, and that is precisely what Jordan wants: industries that export merchandise demanded in abroad markets to herald arduous forex and rent extra folks.
Quoting the
Monetary Occasions’ profile of the visionary businessman, his tutorial profile (a
diploma from the American College of Beirut and a Fulbright scholarship at
the St Louis School of Pharmacy, earlier than becoming a member of US drug maker, Eli Lilly) gave
him sufficient power to sow “the seeds of his future profession”.
In his enterprise, Darwazeh exhibited a profound
understanding of the goal markets, and determined to deal with low-cost generic
medicines to satisfy the area’s calls for.
That is precisely how enterprise must be run, and this
is precisely what Jordan wants: industries that export merchandise demanded in
abroad markets to herald arduous forex and rent extra folks. If we have a look at
wealthy international locations, that is the very recipe that they’ve adopted to show into
tigers.
In response to Mazen Darwazah, “Hikma contributes
roughly 5 p.c of Jordan’s complete nationwide exports and practically 75
p.c of pharmaceutical exports”; “it has a ten p.c share of the Jordanian
pharmaceutical market and a $370 million financial worth flowing from it to the
Jordanian economic system”.
The highest government stated that in 2021, Hikma “exported
$392 million value of pharmaceutical merchandise from Jordan to international markets,
anticipating exports to develop in 2022 to surpass $465 million”.
Jordan has by no means lacked the brains. The idea that
Jordanians are the nation’s finest asset is clear within the success story of
Hikma.
Hikma interprets in Arabic as “knowledge”. We’d like such
knowledge to take off in lots of facets of our life as Jordanians. One may study from
Hikma.
Khalid Dalal is a former advisor on the Royal Hashemite Court docket, former director of
media and communication on the Workplace of His Majesty King Abdullah, and works
presently as a senior advisor for media, strategic communication, PR,
worldwide cooperation, and enterprise improvement domestically, regionally, and
globally. [email protected]
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