Saudi Arabia, India Strengthen Healthcare Partnership

May 2006 | Company Finance Alert

Indian pharmaceutical firms are growing in importance in the Middle East & Africa, despite complaints over restrictive regulations and pricing. The news of a major Indo-Saudi joint venture followed a decision by the Saudi government to ease registration conditions to increase Indian drug imports into the country, primarily in order to access cheaper generic copies of more expensive Western drugs. Furthermore, as reported in April 2005, India and Saudi Arabia are expected to strengthen their partnership in the healthcare and the pharmaceutical sector with the conclusion of the Saudi-India Joint Economic Commission in Saudi Arabia in 2005, after a gap

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