Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    7,523 violators of residency, labor, and border security laws deported in a week    Video contradicts Israeli army account of deadly March 23 strike on Gaza paramedics    Saudi Arabia spends over $241 million to implement de-mining projects in 3 countries    Italy's Meloni government approves controversial security decree expanding police protections and penalties    Egypt submits new Gaza ceasefire and prisoner exchange proposal: Report    'Everything is possible' — Ronaldo focused on titles, not 1,000-goal milestone after Riyadh Derby win    Saudi, US military leaders discuss enhanced defense cooperation in Riyadh    King Salman Global Academy for Arabic Language launches program with Indiana University    Ronaldo brace powers Al Nassr past Al Hilal in Riyadh derby thriller    Ed Sheeran weaves Persian music into new song, Azizam    Al-Jadaan: Crown Prince's directives confirm government's ability to bring back balance to real estate market    Veteran Bollywood actor Manoj Kumar dies at 87    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Musk's X is suing India, as Tesla and Starlink plan entry    Tesla sales plunge after backlash against Elon Musk    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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



Sanofi-Aventis, EEC to put up manufacturing plant in KAEC
Published in The Saudi Gazette on 30 - 06 - 2010

Sanofi-Aventis signed an agreement with Emaar, the Economic City (EEC), a Tadawul-listed company developing King Abdullah Economic City (KAEC), on Monday to establish their manufacturing facility at the Industrial Valley in KAEC. The plant, which is to be built on a 35,000 square meter land, will initially produce oral antidiabetic and cardiovascular products.
The agreement was signed under the sponsorship of the Saudi Arabian General Investment Authority (SAGIA) which has played a key role in facilitating sanofi-aventis' decision to invest in the Saudi pharmaceutical sector and to establish itself within King Abdullah Economic City
By signing the agreement, Sanofi-Aventis will be given a unique opportunity to develop its presence in the Kingdom by establishing itself as an independent business entity, facilitating its operations. Sanofi-aventis will be the first global pharmaceutical company to establish its industrial facility in KAEC.
Sanofi-Aventis selected King Abdullah Economic City for the construction of the new plant because of the great importance the Kingdom of Saudi Arabia represents, not only in the region but in the world economy. The announcement also reflects the efforts of the Kingdom to position itself among the top 10 most competitive nations for investment by 2010.
“The agreement with Sanofi-Aventis marks the opportunities that KAEC offers world-class manufacturers in strengthening their base in the Kingdom.” said Fahd Al Rasheed, managing director and chief executive officer of EEC. “We have given special attention to the pharmaceutical sector primarily because of the quality of jobs they create and the products they produce which contribute to the well being of Saudi citizens. The Industrial Valley at KAEC is characterized by applying world-class standards in master planning for industrial zones and provides all the necessary services for the establishment of manufacturing and logistic facilities.”
Dr. Manar Al-Moneef, director General of Health and Life Sciences at SAGIA and lead of this landmark occasion, said “SAGIA, with a view to support the Kingdom's transformation to a knowledge economy, is attracting global leaders to invest in novel industries in Saudi Arabia, leveraging the Kingdom's outstanding competitive advantages. Sanofi-Aventis' move to undertake pharmaceutical manufacturing and related research activities in King Abdullah Economic City solidifies the city's position as a premier investment destination for knowledge industries, representing an ideal regional hub for partaking in the booming Middle East emerging market.”
“We are delighted to continue to expand our activities in Saudi Arabia with the inception of a new entity located in King Abdullah Economic City which will further develop the pharmaceutical sector in the Kingdom,” said Antoine Ortoli, Sanofi-Aventis senior vice president, Intercontinental region. “As a global healthcare leader, we are committed to work with all stakeholders focusing on patients needs. We are looking for all public and private partnerships across the middle east that will open doors to new solutions for better health outcomes and strengthen our leadership position in those fast growing markets,” he added. “I am proud to represent the industrial community In Sanofi-Aventis entrepreneurial strategy” said Jean-Marc Georges; vice-president, Pharma Intercontinental Industrial Affairs. “We are happy to launch this plant construction which will supply products that are not only innovative, but also more affordable for patients,” he pointed out.


Clic here to read the story from its source.