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31May2018 1358

AL-MAS INTERNATIONAL PHARMACEUTICALS TO ESTABLISH ONE OF THE LARGEST BCG VACCINE PLANT IN THE WORLD AT KING ABDULLAH ECONOMIC CITY INDUSTRIAL VALLEY

KING ABDULLAH ECONOMIC CITY, May 2018: King Abdullah Economic City (KAEC) has signed a contract with Al-Mas International Pharmaceutical Industry Ltd. to establish one of the largest vaccine production plants in the world.

The first phase of the plant, which will be the first to produce BCG vaccines in the Middle East, will be leased at 40,000 square meters of land in the Industrial Valley.

“We are aiming to make KAEC the largest pharmaceutical complex in the region by attracting local and international companies that meet the needs of the local market. Imports constitute about 80 percent of the Saudi market’s needs, thereby making localization of the pharmaceutical and healthcare industries a strategic priority for KAEC in order to contribute to achieving pharmaceutical security in the Kingdom,” Said Eng. Ayman Mansi, CEO of the Industrial Valley. “The Industrial Valley devotes special attention to the pharmaceutical industries sector due to its contribution to the healthcare of citizens by securing treatment at all times, and the sector’s provision of excellent job opportunities for Saudis.

Mr. Mohammad Al-Esayi, Chairman of Al-Mas International Pharmaceutical Industry Ltd., stated:” Al-Mas will begin building the plant in the near future, as soon as we have completed the plans and blueprints, which need to be compatible with the advanced technology being transferred to the Kingdom. The first phase, which is expected to be completed in mid-2021, will include cells storage in these vaccines, which are being manufactured for the first time in the region and will also be the first production of active vaccines in the Middle East.”

Al-Esayi also revealed that another project is currently being developed for future plants to cover the needs of the Saudi, Gulf and regional markets. Taking advantage of the logistic services offered by the Industrial Valley, King Abdullah Port and the re-export zone, along with the advanced infrastructure which are the cornerstone as a success for pharmaceutical projects.

Mansi noted that the localization of the pharmaceutical industry is a strategic priority to achieve pharmaceutical security in the Kingdom, as its consumption of medication is estimated at more than 15 billion SAR annually; it is the largest in terms of total value in the Arab pharmaceutical market, while the local industry covers about 20 percent of the demand in the local market,” Mansi added. “The major investment opportunities provided by the Industrial Valley, which is directly connected to King Abdullah Port, qualifies it to become a major destination and an advanced supply point for logistics services and industries in the region.

Al-Mas International Pharmaceutical Industry Ltd. was recently established to launch one of the largest vaccine plants in the world and the first of its kind in the region in alliance with the European company AJ Vaccines, which recently acquired the entire vaccine production of the prestigious European Statens Serum Institut (SSI), which boasts 120 years of experience.

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About King Abdullah Economic City

King Abdullah Economic City (KAEC) is the largest privately-funded new city in the world. Situated on the west coast of the Kingdom of Saudi Arabia, KAEC covers an area of 181 square kilometers of land, approximately the size of Washington DC. KAEC comprises King Abdullah Port, the Coastal Communities residential districts, the Haramain Railway district and the Industrial Valley. The city is under development by Emaar, The Economic City, a publicly listed Saudi joint-stock company established in 2006.