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Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Arabia to Invest $3.4 Bln in Vaccine, Biomedical Drugs Sector

Bandar bin Ibrahim Alkhorayef Saudi Arabia Kingdom

A general view of Riyadh, Saudi Arabia. (SPA)

Saudi Minister of Industry and Mineral Resources, Chairman of the Manufacturing Vaccines and Vital Medicines Committee, Bandar bin Ibrahim Alkhorayef announced on Friday the launch of several investment opportunities in the vaccines and vital medicines industry, valued at $3.4 billion.

The move seeks to accomplish the Kingdom’s goals at achieving pharmaceutical and health security, and transforming Saudi Arabia into an important hub for this promising industry.

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