Saudi Investment Ministry lauds pact with Swiss biotech firm

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Saudi Minister of Investment Khalid Al-Falih during his speech. (Photo/Huda Bashatah)
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Dr. Christoph Franz. (Photo/Huda Bashatah)
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Updated 02 November 2022
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Saudi Investment Ministry lauds pact with Swiss biotech firm

  • Healthcare sector given a boost, says Khalid Al-Falih
  • Roche inks agreement with King Faisal Specialist Hospital

RIYADH: Minister of Investment Khalid Al-Falih has praised Swiss biotech company Roche for helping to boost the healthcare sector in the Kingdom.

Al-Falih made the comments at the inauguration of the firm’s new headquarters at Laysen Valley in Riyadh on Tuesday, as the company celebrated its 125th anniversary.

“For more than three decades, Roche has had an important presence in the Kingdom. The MoU signed in February of 2021 between MISA and Roche was an injection that gave our collaboration a welcome rejuvenation,” said Al-Falih.

“The relationship with Roche is fundamental to the Kingdom … to enable the healthcare sector in the Kingdom to be more comprehensive, effective and integrated. This comes along with advancing our goal to be a global biotechnology and life sciences hub,” Al-Faleh added.

Dr. Christoph Franz, chairman of the board of directors of Roche Holding Ltd., said: “At Roche, we spend $14 billion every year for research and development … more than any healthcare company in the world.”

Franz said the investment in research helps to develop “new molecules which help people with serious diseases. It is only if we have this capability will we have a bright future.”

On the sidelines of the event, a strategic partnership was signed between Roche and King Faisal Specialist Hospital and Research Center in the presence of Al-Falih.

The agreement aims to promote a sustainable healthcare system and cooperation in clinical trials and scientific research, especially in the diagnosis of different types of cancers.


Saudi scouts unveil conservation program in Riyadh

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Saudi scouts unveil conservation program in Riyadh

  • Scouting association leader emphasizes that environmental scouting is not only a public service activity but also encouragea responsible behavior among young people

RIYADH: The Saudi Arabian Scouts Association (SASA) has launched a new environmental protection program at King Salman Wildlife Park in Banban, north of Riyadh, marking a renewed commitment to conservation and youth engagement in sustainability efforts.

The initiative, unveiled in the presence of scouts, rovers, and scout leaders representing various scouting sectors, brought together partners from relevant government agencies and private-sector organizations, according to the Saudi Press Agency (SPA).

The program reflects growing collaboration between civic groups and national institutions to advance environmental protection goals across the Kingdom.

Abdulrahman Al-Mudaris, secretary-general of the association, said the initiative underscores the scouts’ active role in supporting national strategies to preserve natural resources and promote sustainable development. 

The program reflects growing collaboration between civic groups and national institutions to advance environmental protection goals across the Kingdom. (SPA)

He emphasized that environmental scouting is not only a public service activity but also an educational approach designed to instill environmental awareness and encourage responsible behavior among young people.

The launch event featured a series of hands-on activities, including planting seedlings, sowing seeds, and distributing them throughout the park to support vegetation growth and enhance biodiversity.

Founded in 1961, the Saudi Arabian Scouts Association is a member of the World Organization of the Scout Movement and operates under the umbrella of the Ministry of Education. 

Over the decades, Saudi scouts have played a visible role in community service, disaster response, and public event organization, including supporting pilgrim services during Hajj and Umrah seasons.