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Pharmacies are able to capitalise on the rapidly expanding healthcare sector in the region but require less manpower than typical healthcare establishments. Increases in healthcare services and an aging population in the MENA region inevitably lead to increases in pharmaceutical consumption. This, in turn, increases the demand for pharmacies to fill prescriptions and dispense over the counter medications and treatments.
While pharmacies typically operate on low-margins, where medicine prices are sometimes fixed by government price controls, they are high volume businesses. This article explores some of the basic requirements and restrictions imposed under relevant local law in relation to pharmacies operating in Bahrain, Egypt, Iraq, Jordan, Kuwait, Oman, Qatar, and Saudi Arabia.
Iraq (Excluding Kurdistan Region)
United Arab Emirates
When planning for and establishing a pharmacy, it is important to note the ownership restrictions to avoid sanctions for violations. In most jurisdictions, a case can be made for exceeding the number of licences held by one person, however, it is more difficult to receive an exception to the local ownership restrictions. As the legal requirements and conditions can differ from practice, it is important to thoroughly assess options that might be available to your business even though, at the outset, there are many structuring and licensing challenges. The legal framework can be restrictive but options for solutions that meet commercial business objectives and also achieve legal compliance are available.
As Dr. Napoleon Hill once said, “Whatever the mind can conceive and believe, the mind can achieve.”
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