Aurobindo Pharma to build pharmaceutical factory in Saudi Arabia.

Indian pharmaceuticals manufacturer Aurobindo Pharma has become the latest global conglomerate to launch its factory in Saudi Arabia. The company's investment arm has leased a site in Phase one of the King Abdullah Economic City's (KAEC) Industrial Valley to build its first manufacturing facility in Saudi Arabia to produce oral tablets and capsules. The deal is part of the joint effort by KAEC and the National Industrial Clusters Development Programme, with pharmaceuticals being one of six major industries targeted by the drive. "This partnership is yet another indicator that KAEC is moving forward with its strategic goals and future vision," said Fahd Al-Rasheed, Managing Director and CEO of KAEC.