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Sanofi Official to Asharq Al-Awsat: Manufacturing Insulin Pens in Saudi Arabia

The General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi (Asharq Al-Awsat).
The General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi (Asharq Al-Awsat).
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Sanofi Official to Asharq Al-Awsat: Manufacturing Insulin Pens in Saudi Arabia

The General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi (Asharq Al-Awsat).
The General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi (Asharq Al-Awsat).

As part of new agreements announced at the 7th edition of the Global Health Forum, Saudi Arabia signed deals to localize the production of 3 to 4 types of insulin, in collaboration with the Ministries of Investment, Health, and Industry and Mineral Resources, along with NUPCO, which is owned by the Public Investment Fund, Sanofi, and the Local Content and Government Procurement Authority.
Additionally, NUPCO, Novo Nordisk, and Sanofi signed a pharmaceutical manufacturing agreement valued at SAR 4 billion ($1.06 billion).
Dr. Niveen Khoury, General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi, told Asharq Al-Awsat that this pivotal agreement with NUPCO was in partnership with Sudair Pharmaceuticals.
She explained that the agreement aims to transfer technology and expertise, localizing insulin production in Saudi Arabia, including the complete manufacturing of insulin pens to the highest quality standards using Saudi expertise. The partnership will focus on localizing the technology for assembling advanced insulin pens, particularly the “SoloStar Delivery Device.” This will make the Sudair Pharmaceuticals plant the first facility in the region to specialize in the production of Sanofi’s latest insulin.
Dr. Khoury noted that diabetes is a major health challenge, underlining the importance to ensure a reliable and continuous supply of high-quality insulin.

 

 

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Future Investment Initiative Conference Gathers Global Decision-Makers in Riyadh

One of the dialogue sessions of the Future Investment Initiative in its previous edition (Asharq Al-Awsat)
One of the dialogue sessions of the Future Investment Initiative in its previous edition (Asharq Al-Awsat)
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Future Investment Initiative Conference Gathers Global Decision-Makers in Riyadh

One of the dialogue sessions of the Future Investment Initiative in its previous edition (Asharq Al-Awsat)
One of the dialogue sessions of the Future Investment Initiative in its previous edition (Asharq Al-Awsat)

Under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, Riyadh is set to launch the eighth edition of the Future Investment Initiative (FII) conference on Monday.
This year’s event carries the theme, “Infinite Horizons... Investing Today, Shaping Tomorrow” and will feature prominent figures in finance, investment, and technology.
Through its annual conference, often called the “Davos of the Desert,” the Future Investment Initiative aims to foster discussions on how investment can drive a prosperous and sustainable future, expanding the possibilities for humanity.
The conference is expected to attract over 7,000 guests and 500 speakers, covering a wide range of current topics across more than 200 sessions. Key areas of focus include economic stability, equitable development, climate change, artificial intelligence, innovation, health, and geopolitical issues.
Among those looking to leverage projects aligned with Saudi Arabia’s Vision 2030 are David Solomon of Goldman Sachs, Jane Fraser of Citigroup, and Larry Fink of BlackRock, which recently agreed to establish a multi-asset investment platform in Riyadh, backed by a $5 billion investment from Saudi Arabia’s sovereign wealth fund. This year, the conference will also host the New Africa Summit, featuring speakers from Africa’s mining and banking sectors.
Reflecting Saudi Arabia’s emphasis on technology and artificial intelligence, industry leaders in these fields will participate in the event. Notably, Alphabet President Ruth Porat, TikTok CEO Shou Zi Chew, and tech entrepreneur Benjamin Horowitz, co-founder of the venture capital firm Andreessen Horowitz, are scheduled to speak for the first time.
According to Richard Attias, CEO of the Future Investment Initiative, executives worldwide are expected to announce deals exceeding $28 billion. Some of these initiatives will focus on artificial intelligence, including a new potential fund with Andreessen Horowitz that could grow to $40 billion, as reported by Bloomberg.
The Kingdom is also expected to announce a new company that will invest at least $10 billion in making Saudi Arabia the world’s largest producer of hydrogen—a low-carbon fuel critical for the global transition away from fossil fuels. Key speakers from Asia will include Hong Kong’s Financial Secretary Paul Chan and Belt and Road Commissioner Nicholas Ho.
On the eve of the event, Swiss entrepreneur and FII participant Stephan Knuser told Asharq Al-Awsat that the conference will provide significant business insights for both local and international communities, anticipating that new partnerships will form between Swiss and Saudi companies in energy-efficient technologies and food security.
Neil Bush, Chairman of Sky Towers, remarked: “We view FII as not only a driver for attracting capital but also for bringing in technologies that accelerate Saudi Arabia’s goals.” According to Bush, the FII topics align with needs like business registration processes, free trade zone policies, and strategies for developing industrial complexes, which will help accelerate Vision 2030 goals, including carbon reduction.