• Home
• News Article

Shamla Pharmaceutical Industries to Establish a Pharmaceutical Manufacturing Facility at the Industrial Valley in King Abdullah Economic City

King Abdullah Economic City, Saudi Arabia, February 12^th, 2011 - Emaar, The Economic City (EEC) , the Tadawul-listed company developing King Abdullah Economic City (KAEC), recently announced the signing with "Shamla Pharmaceutical Industries" (a partnership between 3 major pharmaceutical companies, Saudi Arabia "Zimmo Trading Est", Egypt "Global Napi Pharmaceuticals" and Syria "Unipharma Pharmaceutical Industries") for building a pharmaceutical factory at the Industrial Valley in KAEC. Once operational in 2012, Shamla's new factory is expected to create many new jobs opportunities, and to train and develop skills of Saudi talents.

This agreement came in line with EEC 's special attention to the pharmaceutical sector primarily because of the quality of jobs they will create and the products they will produce which in turn will contribute to the well being of Saudi citizens. The KAEC Industrial Valley currently offers fully serviced land plots at various sizes from the small to the mega. This has been a major need not only of international manufacturers but also locals who want to expand their operations but cannot find the appropriate size of fully serviced land plots.

Dr. Mohammed Zimmo, President of Saudi Zimmo Trading Est., praised the great cooperation demonstrated and the facilities provided by EEC . He went on to say "This alliance is the first of its kind between 3 key industry players, setting the milestone for a major uplift in the pharmaceutical industry and contributing to its localization in the Kingdom".

Mr. Ahmed Linjawy, President of the Industrial and City Services Division in Emaar the Economic City , said" King Abdullah Economic City is continuing to attract giants from various industries. (KAEC) Industrial Valley has been designed using the best standards in the world for industrial zone master planning and provides all the services necessary for the establishment of manufacturing and logistics facilities".

"The Industrial Valley is efficiently integrated with the Port which makes the Industrial Valley a prime location to serve international trade between Europe and Asia and reach 250 million consumers in the Middle East and North Africa" added Linjawy.

Dr. Makram Mehany, President of Global Napi Pharmaceuticals, stated: "We are very pleased with our presence in KAEC, and strive that the new factory represents an important stepping stone to expand our activities in the Kingdom. We are committed to our patient-centric vision and to ensuring that our products comply with the highest industry standards."

"It is important to have the new factory at the Industrial Valley in KAEC as it enjoys a strategic location integrated with a world-class seaport serving as a gateway to the regional and international markets" said Dr. Mohammed Matouk, Founder and President of Unipharma Pharmaceutical Industries.

"Local pharmaceuticals represent only 21% of the Saudi market share. This, alongside a competitive market climate, have been key drivers to direct investment in this prominent sector" pointed Mr. Hussam Mitwally, Board Secretary, Shamla.

KAEC's Industrial Valley aims to be a social and economic enabler for Saudi Arabia, and encourage local and international manufacturers to open large facilities. KAEC is offering business-friendly regulatory benefits, best-in-class and sustainable infrastructure, proximity to a state-of-the-art seaport on the Western coast of Saudi Arabia, and leasable plots at various sizes from the small to the mega. This would make KAEC a strategic hub and the reason why some of the top world class manufacturers have already signed land lease agreements with KAEC.

-Ends-

© Press Release 2011