Saudi pharma industry capacity surpasses local demand, targets regional role: Alkhorayef

Bandar Alkhorayef, Minister of Industry and Mineral Resources

Pharmaceuticals are among the key industries prioritized in Saudi Arabia, with the Kingdom's capabilities in this sector surpassing local demand, Minister of Industry and Mineral Resources Bandar Alkhorayef said.

Speaking at a press conference today, Dec. 17, in Cairo, Egypt, the minister emphasized Saudi Arabia's efforts to establish itself as a regional hub for pharmaceutical industries to serve the wider region.

He underscored the importance of collaboration with Egypt to explore industrial integration in the pharmaceutical sector, leveraging the expertise of both countries and developing joint projects aimed at reducing reliance on imports, particularly for raw materials.

Al-Khorayef praised the ongoing cooperation between Saudi Arabia’s Ministry of Industry and Mineral Resources and Egypt's Ministry of Transport, along with the food and drug authorities in both nations.

The minister began an official visit to Egypt two days ago, seeking to strengthen bilateral economic ties, enhance cooperation in the industrial and mining sectors, and explore mutual investment opportunities in strategic industries, particularly food and pharmaceuticals.