Friday 25 April 2014
 
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joint ventures

Increasing ME focus for global pharma firms

Global pharmaceutical manufacturers are increasingly focusing on optimizing their Middle East operations and setting up joint ventures and with regional public and private sector players, impacting the sector positively, a report said.

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Savola, Al-Muhaidab set up food JV

Saudi Arabia's Savola Group said on Tuesday it was setting up an edible oils and sugar firm with Al-Muhaidab Group. It did not mention the capital of Savola Foods in a statement on the bourse website. Savola would own 80 per cent

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