16 Hrs
Source:
الاقتصادية
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Funds to invest $130m in Saudi biotech
The Riyadh Global Medical Biotechnology Summit announced that five investment funds, including an international fund, plan to invest over $130 million in Saudi Arabia's biotech sector. More than 100 startups in this field were received and categorized, with 25 companies selected to showcase their investment opportunities to investors during the summit. The aim is to establish research partnerships and advance the biotech industry from conceptual stages to actual implementation. Additionally, the increase in the number of investment funds—from none in 2025 to five in 2026—reflects investor confidence in the Saudi investment environment.
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