The UAE to develop the Middle East’s first Stem Cells Bank, officials announce at the first MENA Stem Cells Forum in Dubai

The UAE to develop the Middle East’s first Stem Cells Bank, officials announce at the first MENA Stem Cells Forum in Dubai

Key announcements:

- The UAE is in the process of developing the region’s first Stem Cells Bank that will see the country become a stem cell tourism hub;

- Dubai Cord Blood and Research Centre offers collection and preservation of umbilical cord from new-born babies and preserve them for 30 years;

- The size of the Middle East and Africa stem cells market is estimated to reach US$2.85 billion by the end of 2026, according to Market Data Forecast;

- The Middle Eastern countries are sharpening their focus on the US$467 billion global stem cells market.

The UAE is in the process of developing the region’s first Stem Cells Bank that will see the country become a stem cells tourism hub, officials announced at the first MENA Stem Cells Forum that kicked off at the Movenpick Grand, Al Bustan Hotel Dubai on Friday, March 18, 2022.

Dr Rehab Al Blooshi, Acting Medical Director of Dubai Cord Blood and Research Centre – part of the Dubai Health Authority, said, “We already have a Stem Cells Bank within Dubai Cord Blood and Research Centre and we are discussing with other health authorities to develop a nation-wide Stem Cells Bank to strengthen this new scientific and medical innovation sector.