RIYADH: Saudi Arabia’s Sudair Pharmaceutical Co. managed to avoid bankruptcy as the startup benefited from the programs run by the Kingdom’s Local Content and General Procurement Authority, revealed its CEO.
While speaking at the Local Content Forum in Riyadh on Sept. 6, Yasser Al-Obaida, who is also the founder of SPC, said that LCGPA programs helped his startup move in the right direction.
“The localization of medicines and the support provided by the LCGPA made us localize more medicines, and we are now studying vaccines and target more localization,” said Al-Obaida.
His company also signed a cooperation agreement with LCGPA during the event to develop local content in the Kingdom.