The state-run company Saidal should see an increase in business volume in 2024, and plans are in place for an even bigger leap in 2025 through portfolio diversification as part of a strategy geared at reducing medication imports to the Arab country.
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During a seminar at the Arab Brazilian Chamber of Commerce, Saudi authorities told Brazilian executives about their country’s market, stressing that incentives are in place for industrial enterprises looking to move in.
An Arab Brazilian Chamber of Commerce event will explore an industry that grows 5% per year and is deemed strategic by the Arab country’s government, with an expected USD 71 billion in investment through 2020.
