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Saudi Arabia announces $133m vaccine manufacturing facility

Saturday, 21 October 2023

Saudi

Saudi Arabia announces $133m vaccine manufacturing facility

Saudi Arabia to create 150 jobs as it looks to manufacture and export Covid-19, flu, chickenpox and rotavirus vaccines.

Saudi Arabia has announced it will build a $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 Sadeer City to strengthen the pharmaceutical security system and localise the manufacturing of vaccines and vital medicines in the Kingdom.

Source: www.arabianbusiness.com

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