Saudi Arabia is preparing to unveil major partnerships in biotechnology and pharmaceuticals at the upcoming Global Health Exhibition, according to Arab News. These collaborations are expected to attract investment and innovation within Saudi’s growing life sciences sector.
The announcement aligns with the Kingdom’s strategic goal to diversify its economy under Vision 2030 by strengthening knowledge-based industries. Officials indicate that the agreements will cover areas such as biologics, medical devices, research incubation, and regulatory frameworks to boost local capacity.
Stakeholders believe these partnerships could signal a renewed impetus for foreign investment in Saudi Arabia’s healthcare and research sectors, furthering the country’s ambition to become a regional hub for biotech.
References & Source :
Source: Arab News — “Kingdom to announce major biotech, pharmaceutical partnerships at Global Health Exhibition.”
Link: https://arab.news/wa6ma