Pharco Pharmaceuticals, MODON to build pharma complex in Madinah

Egypt’s Pharco Pharma has signed an industrial land lease with the Saudi Authority for Industrial Cities and Technology Zones (MODON) for an area in Madinah, Saudi Arabia, covering over 62k sqm, Asharq al-Awsat reports. The two organizations will invest SR 570 mn to build an integrated pharma complex that will house research and development centers and create around 1k jobs.