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News 2026-09-24 09:24 UTC

Saudi Arabia’s $1.3 billion biotech push following Riyadh summit

One deal includes a $130 million vaccine manufacturing plant, which would be the Gulf’s largest, in a push to become a global biotech hub by 2040. Saudi Arabia announced $1.3 billion in biotech deals following a Riyadh summit last week, part of its push to become a global hub for the industry by 2040. They include a $1