Saudi Arabia injects $133m into vaccine factory

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,...

Saudi Arabia announces $133m vaccine manufacturing facility

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...