Doha, November 02 (QNA) - The Qatari German for Medical Devices Company (QGMD) announced the signing of a Memorandum of Understanding (MoU) with Dawa Holdi Egypt and Dawa USA, as part of its strategy to strengthen its regional and international presence.

In a statement published Sunday on the Qatar Stock Exchange (QSE) website, the company said that the partnership aims to introduce its products to the Egyptian market to meet essential medical needs, localize their manufacturing in the Arab Republic of Egypt, and expand across the African continent through the marketing and distribution of medical products.

The MoU also seeks to increase the volume of Qatari exports to European and American markets.

QGMD affirmed that this step is part of its ongoing efforts to enhance operational and financial performance in a way that positively impacts shareholders and reinforces its position in the medical manufacturing sector at both the regional and global levels. (QNA)