Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- New pharmaceutical deal to boost local production  Join our daily free Newsletter

MENAFN - Arab News - 01/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Boehringer ingelheim a leading pharmaceutical company has entered into a tripartite agreement for local production in saudi arabia with cigalah and tabouk.

this came from boehringer ingelheim's interest in expanding in saudi arabia with innovative medicines.

tabuk the pharmaceutical manufacturing company as a local manufacturing leader who wants to strengthen its products and services offering to saudi patients and cigala as a major health care distribution player with strong local infrastructure — along with boehringer ingelheim all have decided to combine scientific knowhow technical expertise and local infrastructure to serve the saudi patients.

with this contract cigalah and tabuk will manage and drive complex secondary packaging projects of 26 products for boehringer ingelheim from the starting point until full implementation to become finished goods.

this is the first milestone toward boehringer ingelheim's future local primary manufacturing in the kingdom.

with boehringer ingelheim's investment interest to expand in saudi arabia and partnering with local manufacturing units the company will be able to offer more innovative medicines for saudi patients helping them to improve health and quality of life.

in addition the partnership aims to seed job opportunities and act as a business driver where boehringer ingelheim contributes to the development of the overall pharmaceutical sector.

the company has established its full end-to-end capabilities in saudi arabia and will continue to increase its own local investments in the pharmaceutical space as well as local talent in order to drive socio-economic development; creating value for individuals and society as a whole.



the contract between the companies was signed by dr. abdul aziz al-serafi ceo consultant of cigalah group dr. hamad al-khamees general manager saudi arabia tabuk and mohammed al-tawil general manager boehringer ingelheim middle east and near east area.

the local production in saudi arabia satisfies only 15 percent of the demand and imports account for 85 percent of the domestic market.

the locally-grown companies primarily make generic drugs while some also undertake under-license manufacturing and packaging on behalf of multinational pharmaceutical companies for supply in the domestic and regional markets.

th agreement will help to establish new capabilities and capacities and a more effective supply chain to support boehringer ingelheim's ambitious business plan and expansion in saudi arabia.

as the health care expenditure is forecasted to grow from 3.5 percent in 2010 to 6 percent of gdp by 2020 this partnership marks a significant step toward meeting the demand for quality medicines in the region while strengthening the infrastructure to locally provide therapies at par with the international standards.

mohammed al-tawil general manager boehringer ingelheim middle east and near east area said: 'we are delighted to enter into an agreement with cigalah group and tabuk.


 


Arab News




  MENA News Headlines
 Jun 27 2016 - Gartner Says By 2020, a Corporate "No-Cloud" Policy Will Be as Rare as a "No-Internet" Policy Is Today Hybrid Will Be the Most Common Use of the CloudMENAFN Press
(MENAFN Press) By 2020, a corporate "no-cloud" policy will be as rare as a "no-internet" policy is today, according to Gartner, Inc. Cloud-first, and even cloud-only, is replacing the defensive ...

 Jun 27 2016 - EGA PRODUCTS RATED FOR SUSTAINABLE BUILDING BY LEED AND DGNBMENAFN Press
(MENAFN Press) Products manufactured by Emirates Global Aluminium ("EGA") – one of the world's five largest producers of primary aluminium – have been declared suitable for sustainable building ...

 Jun 27 2016 - Egypt needs two decades to recover GDPMENAFN
(MENAFN) Egypt's economy is currently facing a chain of challenges that require a different solution to lead it to growth, former head of the Egyptian Businessmen's Association said."Egypt's economy ...

 Jun 27 2016 - Kempinski Hotel & Residences Palm Jumeirah Launch the Exclusive Beach Club MembershipMENAFN Press
(MENAFN Press) Introducing the new Beach Club membership, the luxurious Kempinski Hotel at Palm Jumeriah welcomes UAE residents to experience the recreational facilities for a month, six months or an ...

 Jun 27 2016 - UAE- OIC calls on authorities in Myanmar to investigate destruction of a MosqueEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) JEDDAH, 27th June, 2016 (WAM) -- The Secretary-General of the Organisation of Islamic Cooperation, OIC, Iyad Ameen Madani, has urged the authorities in ...

 Jun 27 2016 - UAE- FNC's first session of 16th legislative chapter concludesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 27th June, 2016 (WAM) -- Noura Al Kaabi, Minister of State for Federal National Council Affairs, has said that discussions during the first ...

 Jun 27 2016 - UAE- Senior officials, intellectuals and media at Sharjah Media Centre Iftar banquetEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) SHARJAH, 27th June, 2016 (WAM) -- Senior Sharjah government figures, heads of departments, intellectuals and members of media attended a lavish Iftar ...

 Jun 27 2016 - UAE- Popular Party led by acting Prime Minister wins Spanish general electionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MADRID, 27th June, 2016 (WAM) -- The center-right Popular Party, led by acting Prime Minister, Mariano Rajoy, has won the repeat Spanish general election ...

 Jun 27 2016 - UAE- KF launches campaign to distribute food parcels to families in Gaza StripEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) GAZA, 27th June, 2016 (WAM) -- The Khalifa bin Zayed Al Nahyan Foundation, KF, yesterday launched a campaign to distribute food parcels to the ...

 Jun 27 2016 - UAE- Emirates Transport delegation visits school bus factory in ChinaEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 27th June, 2016 (WAM) -- A delegation from Emirates Transport, ET, has visited a factory for school buses in China in order to be briefed on new bus ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help