Saudi Arabia to be 24% of Mena pharma market

Saudi Arabia to be 24% of Mena pharma market

Saudi Arabia is estimated to contribute $10.7 billion or 24% towards Mena's $44 billion pharma market by 2023, notes Informa Markets, the organisers of the leading regional pharmaceutical event, CPhI Middle East & Africa. “So, clearly, there will be a wealth of business opportunities during the next edition of CPhI Middle East & Africa, the leading regional pharma show, which will take place alongside the Global Health Exhibition in Riyadh from September 26 to 28, 2021,” said Sherma Ellis, Brand Manager, CPhI Middle East & Africa. In recent years, a range of healthcare reforms has taken place in Saudi Arabia to support and incentivise pharma manufacturers. These include 100% foreign direct investment (FDI) into the sector, efforts to increase the total local pharmaceutical production by 20% by the end of 2020, the