As Riyadh Global Medical Biotechnology Summit begins, Kingdom aspires for leadership in the field

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Updated 26 January 2023
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As Riyadh Global Medical Biotechnology Summit begins, Kingdom aspires for leadership in the field

  • Minister of Investment Khalid Al-Falih said the medical biotechnology sector is expected be the fastest-growing in the coming decades

RIYADH: Prince Abdullah bin Bandar, the Saudi minister of National Guard, on Wednesday officially opened the two-day Riyadh Global Medical Biotechnology Summit 2023.

The opening day included sessions covering a number of topics, including cellular and genetic therapy, vaccines for infectious diseases, cancer vaccines, genetics and precision medicine for rare diseases, and clinical trials, the Saudi Press Agency reported.

Dr. Bandar Al-Kinawy, executive director general of Ministry of National Guard Health Affairs, described the global summit as a milestone for medical biotechnology that represents the future of the health sector.

He said that through the summit he looks forward to the development of a Saudi biotech health industry, built through an exchange of knowledge between industry leaders around the world, that consolidates the Kingdom’s position as a pioneer in the field and provides opportunities for innovators to present their ideas, explore investment opportunities, and discuss regulatory legislation, to help face global health challenges.

Minister of Investment Khalid Al-Falih said the medical biotechnology sector is expected be the fastest-growing in the coming decades and will generate a lot of value, a process that has already started.

The partnerships forged and agreements reached during the summit will contribute to the creation of jobs and development of the sector, he added, and help boost the national economy.

Minister of Industry Bandar Al-Khorayef said the sector has great potential, given the young generation in the Kingdom that is eager to explore new areas of experience, expertise and skills development.

He added that the biotech field in particular involves lot of creativity, innovation and research, and that the Kingdom is well placed to capitalize on this and help it to develop faster.

Hisham Aljadhey, the CEO of the Food and Drug Authority, pointed out that the Kingdom is the largest consumer of medicines in the Middle East and North Africa region.

The summit, which takes place under the patronage of Crown Prince Mohammed bin Salman, was organized by the MNGHA, in cooperation with the Ministry of Investment.


Saudi initiative to host ‘dialogue’ between southern Yemeni factions widely welcomed

Updated 59 min 19 sec ago
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Saudi initiative to host ‘dialogue’ between southern Yemeni factions widely welcomed

  • Conference in Saudi capital requested by Rashad Al-Alimi, president of the Yemeni Presidential Leadership Council
  • Kingdom urged all factions to participate “to develop a comprehensive vision” that would fulfill the aspirations of the southern people

RIYADH: The Saudi Foreign Ministry’s move to invite factions in South Yemen to hold a dialogue in Riyadh has been widely welcomed.

A statement by the ministry said the conference in the Saudi capital had been requested by Rashad Al-Alimi, president of the Yemeni Presidential Leadership Council, and the Kingdom urged all factions to participate “to develop a comprehensive vision” that would fulfill the aspirations of the southern people.

Arab League Secretary-General Ahmed Aboul Gheit welcomed Al-Alimi’s call to convene a comprehensive conference to discuss just solutions to the southern issue. 

He also expressed his appreciation for Saudi Arabia’s swift response to the request and its readiness to host and sponsor the conference with the participation of southern factions.

The situation in southern Yemen, Aboul Gheit said, has “well-known historical dimensions and includes legitimate issues that must be addressed at the negotiating table within a comprehensive Yemeni framework.” 

He stressed that attempts to impose a fait accompli did not serve the southern cause but instead caused serious harm by exposing the country to further fragmentation and disintegration.

He reiterated the Arab League’s consistent position, as reflected in its repeated resolutions on the Yemeni crisis, which is based on full commitment to Yemen’s unity and the preservation of its territorial integrity.

Commending the Saudi announcement, Sheikh Dr. Mohammed bin Abdulkarim Al-Issa,  the Muslim World League’s secretary-general, said that the step “reflected the Kingdom’s steadfast and sincere approach to supporting the Yemeni people in all their diversity.”

It also highlights the Kingdom’s continued efforts to preserve peace and stability in Yemen by addressing the southern issue through inclusive dialogue among all parties, Al-Issa added.

Meanwhile, Qatar has expressed its appreciation for Saudi Arabia’s hosting of the inclusive conference to explore fair solutions to the southern issue.

In a statement, Qatar’s Foreign Ministry welcomed the efforts exerted by the legitimate Yemeni government to support the Yemeni dialogue track and address the southern issue.

The ministry underlined the importance of the constructive participation of all southern stakeholders, prioritizing the interests of the Yemeni people at the anticipated conference in Riyadh.

It emphasized adherence to the outcomes of the national dialogue as the consensual framework and comprehensive mechanism for reaching an inclusive political solution that meets the aspirations of the Yemeni people in all their segments and preserves Yemen’s unity, sovereignty, and territorial integrity.

The ministry warned that unilateral declarations and measures taken without consultation and consensus among Yemeni parties, and without engaging in serious and responsible dialogue, could lead to a descent into chaos, harming the interests of the Yemeni people and undermining prospects for reaching a sustainable political settlement.

The ministry reaffirmed Qatar’s full support for all regional and international efforts aimed at advancing the political process, contributing to ending the Yemeni crisis through dialogue and peaceful means.