Saudi-Norwegian Parliamentary Friendship Committee Receives Ambassador of Norway    SAMA Suspends 4 Free Professions Companies from Practicing any Activity in the Insurance Sector    Taif chamber receives U.S. Consul General    Saudi Ambassador to Spain opens an exhibition by Saudi artist and calligrapher Nasser Al Salem    Saudi Ambassador receives Indonesian Minister of Agriculture    Asian Shares Mixed    SAMA Presents the Draft of "Licensing Rules For Activities in Support of the Financing Activity" to Request Public Comments    Saudi Press: Saudi Aramco's IPO is Important Events in History of Global Economy    Weather Forecast For Thursday    Palestinian President Awards Ambassador Abdullah Al-Sheikh Star of Merit Medal    US Stocks Markets Close Higher    Asian Stocks Mixed    Magnitude 5.0 earthquake shakes Turkey's western Balikesir    Finalists of Saudis' Al-Mallawah; international rounds to start on Tuesday    Saudi Arabia to Host the World Snooker Championship, in Oct., 2020    Saudi Bodybuilder Taysir Al-Khalfan Achieves Gold Medal in IFBB World Master Championships 2019    Saudi Film "Last Visit" Wins Jury Award at Marrakech International Film Festival    Real Madrid Ease Past Espanyol to Move top of La Liga    Successful Artificial Heart Transplant Surgery, done at King Abdullah Complex, in Jeddah    MOH: 40% Improvement in Services of Cancer Care Facilities    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    Custodian of Two Holy Mosques addresses Citizens and Muslims on the Advent of Holy Month of Ramadan    Ministry of Hajj and Umrah Launches Awareness Message on Sacrifice Day    Custodian of Two Holy Mosques addresses the Saudi people and Islamic nation on the blessed Eid Al-Fitr    Newcastle Beat West Ham 3-0 for their first Win of the Season    Mourinho insists Ibrahimovic must be good enough for Manchester United    Reforms have saved the economy from possible recession, say analysts    The King and Crown Prince congratulates Moldova's President    More than 1,5 million pilgrims arrive in Saudi Arabia, so far    MWL allocates SR 7 million for Eid sacrifice project in 47 countries    Saudi Campaign provides educational and training services for Syrians in Al-Za'tari camp    Saudi student goes missing in Kentucky, US    Harvey lashes Texas US coast with high wind, torrential rain    North Korea tests short-range missiles as South Korea, US conduct drills    Samsung leader Jay Y. Lee given five-year jail sentence for bribery    Known days    "MODON" Signs MoU with Chinese Goldwind Company for wind-turbines manufacturing in the Kingdom    Flyadeal, Saudi Arabia's new low-cost airline, scheduled to launch on September 23, reports    Mastercard launches Masterpass in the Kingdom of Saudi Arabia    Honda among 27 Japan players named for World Cup qualifiers    Joker, Harley Quinn movie in works with 'Crazy Stupid Love' filmmakers    Madhuri Dixit to venture into Marathi films as a producer    Consumers warned against using some brands of face powder, hair products    How 'GOT' makers made the frozen lake in 'Beyond the Wall'    Shraddha Kapoor wants people to help the needy    Neymar targets improvement after phenomenal home debut    Politicizing the pilgrimage    Rakhi 2017: "Bond of Love" between a brother and his sister    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Pharma complex launched in Sudair City
Published in The Saudi Gazette on 04 - 03 - 2012

Saudi Industrial Property Authority (MODON) launched the first pharmaceutical industries complex in the region in Sudair City for industry and business.
The purpose of the complex is to find appropriate environment for this industry by providing lands and integrated services, either sequential opportunities in the supply starting from raw materials, production, packaging or the support services in terms of logistics, education, research centers or specialized training.
The key importance of industrial gathering of pharmaceuticals is represented in many issues, the most notable being the vast difference between supply and demand, as the studies have indicated that the proportion of imported medical products is greater than 93% of the local production.
This is a conclusive evidence of the importance of the pharmaceutical industries in the Kingdom and is intended to fulfill the local needs as well as future exports. Also, the importance of the industrial community is to provide specialized national work opportunities and exchange of local and International expertise.
The Director General of MODON Eng. Saleh bin Ibrahim Al-Rasheed said: "The new complex in Sudair City for Industry and Business is a joint effort in cooperation with the National Program for Industrial Communities and McKinsey Consulting Company and the investors willing to establish medicine factories in the Kingdom, who were attracted to the complex number more than 6 drugs factories; and will be an attractive center for more local and international companies specialized in medicine industry and medical supplies. MODON has allocated an area of 250,000 square meters in phase 1 for the pharmaceutical industries complex and more land will be allocated in phase 2 so that the industrial city will comprise a Pharmaceutical Industries Complex."
Al-Rasheed added: "The opportunity to combine quality industries such as medical industries shall have a significant impact on the national economy and community, which is being sought by MODON by attracting industries specialized in various fields. Furthermore, the presence of these industries in the Kingdom of Saudi Arabia, duly approved by Saudi Food & Drug Authority (SFDA), allows the opportunity to market the products in the Gulf countries in accordance with the high standards and specifications, in addition to the European markets.

Clic here to read the story from its source.