The Ministry of Investment Signs an agreement with ABMI Company

In the presence of His Excellency the Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih, His Excellency the Minister of Health, Mr. Fahd bin Abdulrahman Al-Jalajel, and His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef. The Advanced Medical Industrial Company (ABMI) signed with the Ministry of Investment during the World Health Exhibition a cooperation memorandum of understanding aimed at enhancing the flexibility of supply chains in the Kingdom and developing local manufacturing. For advanced medical devices and supplies in line with the Kingdom’s Vision 2030, with an investment size of 120 million riyals. The agreement includes services, medical technology and digital health.

For his part, Engineer Ghassan Zaatari, CEO of the company, explained that the agreement includes opportunities to localize the manufacture of advanced medical devices, which include heart diseases and surgery such as stents, general surgery, dermatology, and ophthalmology, by bringing in international companies that have an interest in manufacturing medical devices and supplies. The company will also look to add a national workforce, focus on developing local talent, and empowering women in the manufacturing field.