Saudi biotech strategy aims to dominate regional industry
- Date: 26-Jan-2024
- Source: AGBI
- Sector:Technology
- Country:Saudi Arabia
Saudi biotech strategy aims to dominate regional industry
Saudi Arabia has launched a National Biotechnology Strategy with the aim of becoming the region’s biotech leader by 2030 and a global leader by 2040, contributing 3 percent, or SAR130 billion ($35 billion), to non-oil GDP. The strategy was unveiled by Crown Prince Mohammed bin Salman with the aim of improving Saudi health standards, helping […]
Saudi biotech strategy launched
Aims to be global leader
‘Next frontier of medicine’
Saudi Arabia has launched a National Biotechnology Strategy with the aim of becoming the region’s biotech leader by 2030 and a global leader by 2040, contributing 3 percent, or SAR130 billion ($35 billion), to non-oil GDP.
The strategy was unveiled by Crown Prince Mohammed bin Salman with the aim of improving Saudi health standards, helping achieve food and water security, and creating local industries to replace imports, the Saudi Press Agency said this week.
The plan will focus on making Saudi Arabia the regional market leader in genomics, vaccines, plant optimisation and biomanufacturing, creating 11,000 jobs by 2030.
Saudi Arabia to begin preparing Vision 2040
US biotech manufacturer seeks Gulf genomics partners
Saudi Arabia to hold WEF meeting in April
Saudi Arabia has embarked on a massive economic development plan to diversify away from oil, centred on giga-projects that aim to