Published 09 Apr,2021 via Arab News - Economy RIYADH - Saudi Arabia has more than 40 registered pharmaceutical factories, covering 36 percent of the local market need for medicines, said Mohammed Al-Nahhas, chairman of Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO).
The sector is expected to grow 5 percent annually, with exports exceeding SR1.5 billion, he said during the visit of the Minister of Industry and Mineral Resources, Bandar Al-Khorayef to the company on Thursday.
SPIMACO produces 415 pharmaceutical products, and exports more than 234 products to 14 countries, CEO Khaled Al-Khattaf said.
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Arab News