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Localizing the pharmaceutical industry is a key priority for the Saudi government as part of Vision 2030. Today, only 30% of pharmaceutical products are manufactured locally. In 2016, the pharmaceutical market was worth $8.1 billion, making it the largest pharmaceutical market in the GCC. The per capita drug spending in the Kingdom is 113% higher than the global average.
Cumulative government spending on pharmaceuticals from 2017-2021 will be worth $42 billion.
Source: BMI, Ministry of Health (MoH)