Eva Pharma is expand ing in Sau di: Local drugmaker Eva Pharma has inked an agreement with the Saudi Authority for Industrial Cities and Technology Zones (Modon) to build a SAR 500 mn (USD 133 mn) industrial complex for pharma research and manufacturing in the Saudi Sudair Industrial City, the Saudi Press Agency reports.

In detail: The complex will include a research and development center and five pharma factories including one for biopharma and oncology treatment, one for tablets, one for vaccine production, and one for immunosuppressants. The company aims to produce some 150 pharma products, and roll out 990 mn units a year.

The timeline: The complex will kick off the first phase of operations in April 2025 and will reach full operational capacity the following year. The complex will eventually create over 800 new jobs in the Saudi market.

This is the second local pharma firm to set up shop in Saudi this year: Pharco Pharma and Saudi-based Ajlan & Bros Holding are currently working on a USD 150 mn meds manufacturing complex in the Saudi city of Medina, with production scheduled to start next year.

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