Riyadh – Sharikat Mubasher: The National Unified Procurement Company (NUPCO), wholly owned by Saudi Arabia's Public Investment Fund (PIF), revealed plans to launch 2 logistics centers by 2025 and 2 more by 2026, as part of its strategy to expand its business volume.
Fahad AlButhi, Chief Operating Officer at NUPCO, told Asharq Business that the company also intends to sign several Memorandums of Understanding (MoU) with global pharmaceutical companies beyond Saudi Arabia as part of its continuous efforts to localize pharmaceuticals manufacturing industry in the Kingdom.
The COO made these statements during his participation in CPHI Middle East, which takes place from 10 to 12 December in Riyadh City.
NUPCO earlier signed an agreement with Sanofi, and Novo Nordisk to commence production of insulin pens locally in a move to reduce the burden of importing medicines, raise local content toward the localization of essential biopharmaceutical industries, and enhance economic diversification.
