Sudair Pharma: World’s Largest Insulin Plant Opens in Saudi Arabia in 2027

A panel discussion at the Saudi Industry Forum in Jeddah (Asharq Al-Awsat)
A panel discussion at the Saudi Industry Forum in Jeddah (Asharq Al-Awsat)
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Sudair Pharma: World’s Largest Insulin Plant Opens in Saudi Arabia in 2027

A panel discussion at the Saudi Industry Forum in Jeddah (Asharq Al-Awsat)
A panel discussion at the Saudi Industry Forum in Jeddah (Asharq Al-Awsat)

Saudi Arabia is moving to strengthen its pharmaceutical security on two parallel fronts: expanding domestic production of biologic medicines and building a system better able to anticipate supply-chain disruptions.

Sudair Pharma said it would begin producing insulin locally in 2027 through an investment exceeding 280 million riyals ($74.6 million) in what the company described as the world’s largest insulin plant.

Meanwhile, NUPCO has reached the final stage of deploying artificial intelligence to predict drug shortages and supply disruptions before they occur.

The initiatives bring manufacturing and inventory management under a single system, aimed at reducing reliance on foreign supply chains and strengthening the kingdom’s ability to respond to potential global shortages.

Reliable supplies in the sector depend directly on the availability of active pharmaceutical ingredients, production capacity and the speed at which products reach healthcare facilities.

The plans were unveiled during a session titled “Saudi Pharmaceutical Security: Localization Strategies and Building Health Sovereignty” at the Saudi Industry Forum 2026 in Jeddah.

The session focused on achieving self-sufficiency in essential and life-saving medicines, attracting investment in biotechnology and vaccines, transferring technology to domestic factories and improving the sector’s ability to withstand global crises.

Production inputs

Dr. Yasser Alobaidaa, chief executive of Sudair Pharma, said the company would begin producing insulin locally next year, adding that the project would cover every stage of manufacturing in Saudi Arabia rather than merely filling and finishing.

The project, which will cost more than 280 million riyals, will produce advanced types of long- and short-acting insulin, he said, describing the facility as “the world’s largest insulin plant.”

The project also extends to securing production inputs. Alobaidaa said the factory would maintain a three-year stock of active pharmaceutical ingredients, or APIs, allowing local insulin production to continue even if foreign supplies were disrupted.

Work to localize insulin production has been underway for more than four years, he said, adding that NUPCO’s involvement helped accelerate the project. He also highlighted the company’s role in supporting domestic manufacturers and expanding access to healthcare facilities for their products.

Supply chains

On the other front of pharmaceutical security, Fahd Al-Bat’hi, chief executive of NUPCO’s supply-chain division, said the company had reached the final stage of deploying artificial intelligence at its Command and Control Center.

The technology will be used to predict potential shortages or supply-chain disruptions, allowing contingency plans and alternatives to be prepared before problems arise.

Al-Bat’hi said the company produces internal monthly reports that track forecasts and warnings about disruptions that could affect supplies in the coming months, drawing on indicators and information related to global markets and companies.

NUPCO also works with the Saudi Food and Drug Authority through an Availability and Indicators Committee that meets almost weekly, he said. The committee monitors global shortage indicators and potential supply risks, and identifies coverage mechanisms and available alternatives.

Vital products

Al-Bat’hi said the company aimed to maintain a three-month inventory of non-life-saving items, alongside measures to ensure vital products remain available.

NUPCO’s Mawsool project and direct-delivery operations have improved visibility over inventory movements from warehouses to healthcare facilities, he said.

A further measure, due to begin in 2027, will allow manufacturers to view inventory and consumption levels, giving them the flexibility to increase or reduce production in response to actual demand.

Al-Bat’hi said localization was among the most important solutions to supply-chain risks because domestic manufacturers could respond more quickly to demand and adjust production as needs changed.

With a new insulin plant, a three-year stock of active pharmaceutical ingredients, and AI systems designed to anticipate shortages, Saudi pharmaceutical security is shifting beyond managing inventory after products reach the market.

The emerging system begins with active ingredients and domestic manufacturing, and extends to demand and risk forecasting, reducing exposure to external shocks and increasing the local industry’s share of the pharmaceutical value chain.



Gold Eases on Firmer Dollar Ahead of Fed Decision

Gold bars bearing the phrase 'Lucky Gold' written in Chinese characters displayed at a gold shop in Hangzhou (AFP)
Gold bars bearing the phrase 'Lucky Gold' written in Chinese characters displayed at a gold shop in Hangzhou (AFP)
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Gold Eases on Firmer Dollar Ahead of Fed Decision

Gold bars bearing the phrase 'Lucky Gold' written in Chinese characters displayed at a gold shop in Hangzhou (AFP)
Gold bars bearing the phrase 'Lucky Gold' written in Chinese characters displayed at a gold shop in Hangzhou (AFP)

Gold prices slipped on Tuesday, weighed down by a firmer dollar, while investors looked ahead to the Federal Reserve's policy meeting for fresh guidance on the outlook for interest rates.

Spot gold eased 0.3% to $4,004.55 per ounce by 0721 GMT, while US gold futures for December delivery dropped 0.5% to $4,017.00, Reuters reported.

The US dollar held steady near a two-week high, reducing the appeal of greenback-priced bullion for overseas buyers.

"We're seeing gold basically digest ⁠within Friday's range (after) ⁠the big drop last week," said Ilya Spivak, head of global macro at Tastylive.

"If we can get a break through $3,900, we're in for a pretty significant further decline, maybe to test the $3,800 area."

Bullion dropped below the $4,000 mark for the first time since mid-July last week, and posted a weekly fall ⁠of 4%, its worst in about four months, as higher energy prices fueled inflation concerns and reinforced US rate hike expectations.

Federal Reserve policymakers have telegraphed they will not raise US short-term borrowing costs again this week, but with inflation concerns still front and center, investors doubt a pause will last for long.

Markets await the Fed's policy decision on Wednesday along with the Personal Consumption Expenditures data on Thursday, the central bank's preferred gauge as it targets a 2% inflation rate.

Traders are pricing in about an 11% ⁠chance of ⁠a rate hike this week and an 80% chance of a December increase, according to the CME's FedWatch Tool.

While gold is often seen as a hedge against inflation, higher interest rates hurt its appeal as a non-yielding asset.

Among other metals, spot silver slid 2.1% to $52.77 per ounce, platinum lost 2.1% to $1,495.62 and palladium dropped nearly 3% to $1,020.18.


Egypt Signs Preliminary Financing Agreement on $650 Million Solar Project in Upper Egypt

A general view of the Benban plant of photovoltaic solar panels in Aswan, Egypt, November 17, 2019. (Reuters)
A general view of the Benban plant of photovoltaic solar panels in Aswan, Egypt, November 17, 2019. (Reuters)
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Egypt Signs Preliminary Financing Agreement on $650 Million Solar Project in Upper Egypt

A general view of the Benban plant of photovoltaic solar panels in Aswan, Egypt, November 17, 2019. (Reuters)
A general view of the Benban plant of photovoltaic solar panels in Aswan, Egypt, November 17, 2019. (Reuters)

Egypt has signed a preliminary financing agreement with Norway's Scatec and three multilateral development banks for a $650 million solar power project in the southern province of Qena, the cabinet said on Monday.

Egypt ‌is scaling ‌up renewable energy ‌projects ⁠to reduce its natural ⁠gas import bill, targeting a 42% share of renewable energy in its electricity generation mix by 2030.

The Dandara project in ⁠Nagaa Hammadi city will ‌have generation ‌capacity of 1 gigawatt and ‌battery storage of 200 megawatt ‌hours, the cabinet said.

The European Investment Bank, European Bank for Reconstruction and Development and African ‌Development Bank are participating in the financing arrangements while ⁠the ⁠National Bank of Egypt will take an equity stake in the project company.

The project will be built in two phases, each adding 500 megawatts of solar capacity and 100 megawatt hours of battery storage.


RSNF Launches HMS NEOM Under Second Phase of Sarawat Project

HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia - SPA
HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia - SPA
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RSNF Launches HMS NEOM Under Second Phase of Sarawat Project

HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia - SPA
HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia - SPA

The Royal Saudi Naval Forces (RSNF) launched His Majesty's Ship NEOM (HMS NEOM), the second ship in the second phase of the Sarawat Project, at Navantia’s shipyard in San Fernando, Spain, following the completion of hull construction and assembly.

The outfitting, installation and integration of the ship’s systems will be completed in Saudi Arabia, followed by acceptance trials on Saudi lands and in Saudi waters, supporting technology transfer and the localization of military shipbuilding.

The launching ceremony was attended by Chief of Staff of RSNF Vice Adm. Mohammed bin Abdulrahman Alghuraiby, Saudi Ambassador to Spain Princess Haifa bint Abdulaziz bin Ayyaf Al Muqrin, Navantia Chairman Ricardo Domínguez, Chief Operating Officer at the company Gonzalo Mateo-Guerrero, San Fernando Shipyard Director Alberto Cervantes Sánchez, and senior naval officers from both countries.

Speaking at the ceremony, Vice Adm. Alghuraiby expressed appreciation for the unwavering support extended to the Armed Forces, particularly the RSNF, by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Minister of Defense Prince Khalid bin Salman bin Abdulaziz. He said this support has helped develop defense capabilities and enhance operational readiness and effectiveness.

He praised the Saudi-Spanish partnership and its role in developing naval capabilities, as well as the efforts of the project’s engineers and technicians in achieving this milestone. He emphasized that the Sarawat Project strengthens naval readiness and develops national expertise through a comprehensive package of logistics support and crew qualification and training, equipping personnel with the knowledge and experience needed to operate and maintain the ships.

The contract for the second phase of the Sarawat Project includes a comprehensive logistics support package, crew training programs and a plan to qualify more than 100 Saudi engineers, alongside the localization of combat systems integration and maintenance.

HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia.

As the regulator of the military industries sector, the General Authority for Military Industries (GAMI) supported the project through its industrial participation agreement with Navantia. The agreement includes specific targets for localization and the development of domestic capabilities, supporting Saudi Arabia’s military industries, advancing knowledge and technology transfer, and enhancing military readiness.

The second phase of the Sarawat Project comprises three Avante 2200 multirole corvettes: HMS AlMadinah, HMS NEOM and HMS AlUla. It builds on the first phase, which delivered five warships to the Royal Saudi Naval Forces.

The ships feature advanced systems to counter aerial, surface and subsurface threats, strengthening their ability to protect Saudi Arabia’s strategic interests and secure vital sea lanes.