Pfizer opens new chapter between Saudi-US ties with new plant

The burgeoning Saudi-American trade ties received a big boost with the world’s most famous pharmaceutical industry leader, Pfizer, deciding to set up its new manufacturing plant at the King Abdullah Economic City in Rabigh, about 130 km north of Jeddah.

The groundbreaking and foundation-laying ceremony was attended by Saudi Arabian General Investment Authority (SAGIA) Gov. Abdulatif Al-Othman; Mohannad Hilal, secretary-general of Economic Cities Authority, senior government officials, diplomats and senior global and regional management personnel of Pfizer led by Guy Lallemand, Bulent Atlig, Keith Dennie and Hussein El-Hakim.

The 32,000 square meter plant will be operational in 2015. At the total production capacity of 18 million packs per year, the facility will produce a broad range of Pfizer’s medicines currently supplied to the Kingdom. The development will also facilitate the transfer of Pfizer’s expertise to the local market, ensuring production meets Pfizer’s rigorous and globally recognized quality standards.

Read more: http://www.arabnews.com/economy/pfizer-opens-new-chapter-between-saudi-us-ties-new-plant