Local Content Authority signs 4 deals to localize pharmaceutical industry

user icon
NOHA.GAD
calender icon
Jan 30, 2024
article image

Riyadh - Sharikat Mubasher: Saudi Arabia’s Local Content and Government Procurement Authority (LCGPA) signed four agreements to localize pharmaceutical industry and enhance knowledge transfer.

In a statement, the authority stated that the deals were based on the principle of cooperation and integration to enhance health and pharmaceutical security and development.

The LCGPA added that the financial impact of the agreements on the national gross domestic product (GDP) surpasses SAR 25 million.

The authority signed agreements with the Saudi-based Jamjoom Pharma and American company MSD to manufacture a medication for the treatment of type 2 diabetes.

Furthermore, the authority concluded agreements with Aja Pharma and SAJA Pharmaceutical Company to manufacture the antiplatelet medication ticagrelor.

Abdulrahman Al-Samari, CEO of LCGPA, stated that the agreements reflect the sustainable partnership between the government and private sector to develop local content.

He emphasized the authority’s dedication to establishing new industries and sectors in the Kingdom, enhancing supply chains for products, and achieving self-sufficiency for the country. 


Share

Related News

Alkhabeer, Fasanara partner to advance fintech credit solutions in Kingdom
News
Calendar Icon
July 17, 2025
Alkhabeer, Fasanara partner to advance fintech credit solutions in Kingdom
Read More
Schneider Electric launches Lauritz Knudsen brand in Saudi Arabia
News
Calendar Icon
July 17, 2025
Schneider Electric launches Lauritz Knudsen brand in Saudi Arabia
Read More
Elon Musk’s xAI in talks for data center deal in Saudi Arabia
News
Calendar Icon
July 17, 2025
Elon Musk’s xAI in talks for data center deal in Saudi Arabia
Read More
E-commerce market increases demand for Grade A warehousing in Kingdom
News
Calendar Icon
July 16, 2025
E-commerce market increases demand for Grade A warehousing in Kingdom
Read More
Shareek, SDAIA sign MoU to advance Saudi AI and data innovation
News
Calendar Icon
July 16, 2025
Shareek, SDAIA sign MoU to advance Saudi AI and data innovation
Read More
Nesma & Partners completes acquisition of Al Yusr Industrial Contracting
News
Calendar Icon
July 16, 2025
Nesma & Partners completes acquisition of Al Yusr Industrial Contracting
Read More
Tuwaiq Academy, Google Cloud launch ‘3,000 Developers Initiative’
News
Calendar Icon
July 16, 2025
Tuwaiq Academy, Google Cloud launch ‘3,000 Developers Initiative’
Read More
EEP to launch, operate schools in Riyadh starting 2026
News
Calendar Icon
July 15, 2025
EEP to launch, operate schools in Riyadh starting 2026
Read More
Mastercard renews partnership with 2025 Esports World Cup in Riyadh
News
Calendar Icon
July 15, 2025
Mastercard renews partnership with 2025 Esports World Cup in Riyadh
Read More
Uber unveils new product to empower women in Saudi Arabia
News
Calendar Icon
July 15, 2025
Uber unveils new product to empower women in Saudi Arabia
Read More