Arab Finance: Pharco Pharmaceuticals will establish a pharmaceutical city in Saudi Arabia, with construction works to start in June, the firm’s CEO Sherine Helmy told Asharq Business on May 30th.
The pharmaceutical player already has assigned the construction works to the Arab Contractors company, she said.
The new city will produce a wide variety of medicines as well as antibiotics and vaccines, with aim of meeting the needs of the Saudi market and exporting to the European Union (EU), the US, and Arab and African countries.