In a significant move to boost local manufacturing, the Saudi Exports Development Authority and Nahdi Medical Company have signed a memorandum of understanding (MoU) to localise the production of Nahdi products. This strategic partnership aims to support Saudi products, enhance their reach across the Kingdom, and contribute to the localization of pharmaceutical industries and medical supplies. The MoU was signed by Eng. Abdulrahman Althkair, CEO of the Saudi Exports Development Authority, and Eng. Yasser Joharji, CEO of Nahdi Medical Company, during a ceremony held at one of Nahdi’s pharmacies in Riyadh.
Promoting Saudi Products
The collaboration between ‘Made in Saudi’ and Nahdi Medical Company is set to significantly promote Saudi-made products. The MoU includes the launch of the first-ever shelves exclusively dedicated to Saudi national products at Nahdi’s pharmacies. These shelves will feature high-quality locally made health-related products and medical supplies, making them more accessible to customers and enhancing their awareness of the quality and competitive strength of Saudi products.
Eng. Abdulrahman Althkair emphasized the importance of this partnership in supporting economic diversification and achieving the Kingdom’s Vision 2030. He stated, “This strategic collaboration with Nahdi Medical Company aligns with the framework of ‘Saudi Exports’ represented by the ‘Made in Saudi’ program to enhance the positioning of Saudi products and facilitate consumers accessing them in both local and global markets.”
Eng. Yasser Joharji expressed his pride in the partnership, highlighting Nahdi’s commitment to reinforcing trust in national capabilities and enabling Saudi products to compete globally. He noted that Nahdi plans to actively promote Saudi products within its pharmacies both inside and outside the Kingdom.
Economic and Strategic Goals
The MoU between ‘Made in Saudi’ and Nahdi Medical Company is not just about promoting local products; it also aims to achieve broader economic and strategic goals. By localizing the production of pharmaceuticals and medical supplies, the partnership will contribute to advancing national development on multiple fronts. This initiative is expected to create job opportunities, support local industries, and reduce dependency on imported goods.
The strategic goals of this partnership align with the Kingdom’s Vision 2030, which seeks to diversify the economy and enhance the competitiveness of Saudi products in global markets. By fostering effective strategic partnerships with both the public and private sectors, the ‘Made in Saudi’ program aims to empower Saudi products locally and enhance their exports globally.
Eng. Yasser Joharji highlighted the significance of this partnership in supporting the strategic goals of localizing pharmaceutical industries and medical supplies. He stated, “We have full confidence in the quality of local manufacturing and are committed to reinforcing our trust in our national capabilities, enabling us to compete globally and enter the highest of international ranks, God willing.”
Future Prospects and Initiatives
The signing of the MoU marks the beginning of several national initiatives in the healthcare sector. Nahdi Medical Company plans to pursue various joint initiatives with the ‘Made in Saudi’ program, which are expected to add significant value to Saudi society. These initiatives will focus on promoting the ‘Made in Saudi’ brand and raising awareness of its quality and value.
The partnership also opens up new opportunities for collaboration and innovation in the healthcare sector. By leveraging the strengths of both organizations, the partnership aims to drive the development of new products and services that meet the needs of the Saudi market. This collaborative approach will help to create a more resilient and competitive healthcare sector in the Kingdom.
In conclusion, the MoU between ‘Made in Saudi’ and Nahdi Medical Company represents a significant step forward in the localization of pharmaceutical industries and medical supplies in Saudi Arabia. By promoting Saudi products and supporting local industries, this partnership will contribute to the Kingdom’s economic diversification and development goals, ultimately benefiting the entire nation.
