Preparations are underway to transform Saudi Arabia into a global center for biotechnology by 2040. A comprehensive plan for the transformation of the country was announced for this strategy. The plans are aimed at strengthening Saudi’s position, focusing on protecting the environment and raising the standard of living.
The aim is to localize industries, bring more investments to the country and achieve food and water security. Saudi is completing various projects as part of Vision 2030. This new project is also a part of that.
As the biotechnology sector grows in Saudi, the citizens will benefit a lot. The health and quality of life of the people will reach a high level. There are great opportunities to boost economic growth and create jobs.
This will greatly benefit the development of new industries in Saudi Arabia. Biotechnology is seen and evaluated by the world as one of the fastest growing fields. Apart from investment in biotechnology related areas, it also provides scope for huge investment in research, development and innovation.