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The Minister of Investment, Engineer Khaled Al-Falih, and Minister of Health, Dr Tawfiq Al-Rabiah, attended the signing of a memorandum of understanding with a specialized Swiss company, with the aim of to support and improve the investment environment for the healthcare and life sciences sector in the Kingdom.
Al-Falih said after the signing yesterday (Monday) that the biotechnology and life sciences industries sector is one of the most important sectors which is full of investment and far-reaching opportunities in the Kingdom. , indicating that this industry will play a central role in promoting economic recovery in the post-pandemic phase.
He affirmed his ministry’s willingness to develop and equip investment opportunities and support investors in this and other vital sectors, and to empower future sectors by launching legislation aimed at attracting more investments in these emerging sectors.
According to the MoU, the Ministry of Investment, in cooperation with the Swiss company, will enable the healthcare and life sciences sector to develop, facilitate access to investment opportunities, locate knowledge and expertise, develop systems and policies, and improve access to health services through a partnership between the public and private sectors.
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