الحكومة: الدولة مستعدة لتقديم أي مُحفزات لتوطين التصنيع المحلي للدواء

The Government of The Kingdom of Saudi Arabia has recently announced that it is preparing to implement plans which incentivize the local manufacture of drugs. This plan is part of a larger effort to create jobs in many industry sectors.

The government has committed to providing necessary financial incentives to local pharmaceutical companies to encourage the development of a ‘local drug manufacturing industry’ in Saudi Arabia. The incentive package includes discounted interest rates on loans, access to government grants, tax incentives, and other special benefits.

The government has identified the pharmaceutical sector as a strategic part of Saudi Arabia’s economy as it is one of the few sectors capable of driving job creation and economic growth. It also provides a unique opportunity for local companies to become globally competitive and develop a strong presence in the international pharmaceutical market.

The importance of the initiative has been highlighted by the Deputy Minister of Health, Dr. Mohammad Khoshaim, who recently stated that the government will go to great lengths to ensure the successful implementation of the policy. He added that the government is actively engaged in the development of a legal framework which will provide additional protection to local firms.

The government’s commitment to encouraging local drug manufacturing has been welcomed by many local pharmaceutical firms. The industry is optimistic that the initiative will open up many opportunities for them to compete in international markets and benefit from the knowledge and expertise of the domestic healthcare sector.

In addition to promoting local development, the pharmaceutical industry in Saudi Arabia is also expected to benefit from increased foreign investments. The market is highly attractive to international firms who are looking to establish a presence in the region. Therefore, the government’s initiative is likely to bring increased foreign investments in to the economy.

It is clear that the government’s efforts to support local drug manufacturing will have a positive impact on the healthcare and economic sectors in Saudi Arabia. The initiative is a step towards creating a stronger and more competitive local industry in the pharmaceutical sector.