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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Saudi Arabia Seeking to Localize New Medical Industries

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef and other officials at the signing ceremony for the localization of pharmaceutical industries. (Asharq Al-Awsat)

Saudi Arabia is seeking to localize some pharmaceutical industries and medical supplies, and transfer knowledge to the local market.

To that end, the Local Content and Government Procurement Authority (LCGPA) concluded on Thursday seven agreements with national companies to reach these goals, while providing certain incentives upon localization, such as inclusion in the mandatory list of national products.

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