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Saudi Arabia signs deals with AstraZeneca, Pfizer to promote investment in health sector

The Xinhua reported, Saudi Arabia signed on Tuesday agreements with top pharmaceutical and biotechnology companies, including AstraZeneca and Pfizer, to promote investment in its health sector.
The Saudi Ministry of Investment said in a statement, the agreements were reached on the sidelines of the Riyadh Global Medical Biotechnology Summit 2021, which runs from Tuesday to Thursday.
According to the statement, the ministry, in partnership with the Ministry of National Guard Health Affairs, signed a memorandum of understanding (MoU) with the British-Swedish pharmaceutical company AstraZeneca, in order to explore opportunities to establish world-class clinical research centers in the kingdom.

Khalid bin Abdulaziz Al-Falih, the Saudi minister of investment, said the MoU between Saudi Arabia and AstraZeneca will strengthen the strategic partnership between local and international companies.
Read more: Merkel urges Western Balkan countries to strengthen regional cooperation
Meanwhile, the American pharmaceutical company Pfizer also signed a MoU with the King Abdullah International Medical Research Center at the Ministry of National Guard Health Affairs and the Saudi Ministry of Industry.
The deal aims to establish a platform for research, development and innovation of vaccines to support national and regional public health needs.
Source: xinhua
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BENEFIT Sponsors BuildHer...
- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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