Saudi Authority for Industrial Cities and Technology Zones (MODON) has signed a SR500m ($133m) investment agreement with the Vaccine Industrial Company (Vaccine) to set up a joint venture factory in Sudair City to strengthen the pharmaceutical security system and localise the manufacturing of vaccines and vital medicines in the Kingdom. This agreement comes in line...

SAR500m facility in Sudair City To produce vaccines and medicines Pharma worth $19.8bn by 2032 Saudi Arabia is planning to invest SAR500 million ($133 million) in a factory to boost local vaccine and medicine manufacturing capacity as the kingdom seeks to become a regional centre for biotechnology. Saudi Authority for Industrial Cities and Technology Zones,...