How has the year started off for Yas Holding?
It has been a hectic start to the year. At Yas Holding, 2021 is critical for us to be well-positioned for growth in the coming years. Our team has been busy activating strategic initiatives, including acquisitions and expansion. Thankfully, we seem to be on course for succeeding in our goals for the year.
While we are yet to exit the Covid crisis, have you seen the situation improve as compared to 2020?
Although the improvement has not been pronounced, there is enhanced optimism triggered by the advent of vaccines. The UAE’s pioneering role in this area has given our country a competitive edge in the regional business landscape. We are already sensing substantial traction in priority industries such as healthcare, education and technology.
Yas Holding was at the forefront, contributing actively to the UAE’s rapid response, most notably across our food, healthcare, education, agriculture and distribution capabilities. And, since the Covid-19 outbreak began, we have been adapting our operations and our services to better cater to the changing needs of our customers.
By scaling up our operations, developing new solutions and platforms, in addition to adjusting to regulatory directives, we responded to the challenges we faced with speed and agility. We are proud of our team that accomplished this under difficult circumstances.
Last month, you completed the acquisition of a majority stake in the Dubai-based manufacturing facility of Geltec Healthcare. What are your expectations from the deal?
This is an important acquisition that provides us with the unique capability to manufacture up to 1.5 billion units per annum of soft gelatine capsules and gelatine enrobed tablets.
This story is from the April 2021 edition of Gulf Business.
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This story is from the April 2021 edition of Gulf Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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