SAGIA and Emaar Sign MoU with Sanofi-aventis

JEDDAH - Saudi Arabian General Investment Authority, or SAGIA, and Emaar, The Economic City, or Emaar.E.C, have signed a memorandum of understanding with Sanofi-aventis to establish a unit of the pharmaceutical company in King Abdullah Economic City, or KAEC.

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Published: Wed 22 Apr 2009, 12:47 AM

Last updated: Sun 5 Apr 2015, 10:11 PM

Developed by Emaar.E.C, with SAGIA as the prime facilitator, KAEC has emerged as one of the global hotspot investment destinations. Sanofi-aventis is one of the first pharmaceutical majors to establish a significant presence in KAEC. Amr Al Dabbagh, governor, SAGIA; Fahd Abdul Mohsen Al Rasheed, chief executive officer, Emaar.E.C; and Antoine Ortoli, senior vice-president, Sanofi-aventis, signed the MoU in Riyadh and Paris, recently.

business@khaleejtimes.com


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