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FINANCIAL NEWS
Sanofi-Aventis to build manufacturing facility in Saudi Arabia
30 Jun 2010
(MENAFN) Sanofi-Aventis signed an agreement with Emaar, the Economic City (EEC), the company developing King Abdullah Economic City (KAEC), to establish a manufacturing facility at the Industrial Valley in KAEC, Reuters reported.
The plant, which will 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 an 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.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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