Emaar Economic City Allocates Land to Pfizer to Build Plant

Emaar Economic City (EMAAR), the company developing the King Abdullah Economic City known as KAEC, said it allocated an area of 65,000 square meters to New York-based Pfizer Inc. (PFE) to build a pharmaceutical plant in Jeddah.

The plant will be in KAEC’s Industrial Valley as Emaar Economic aims to attract global pharmaceutical companies to Saudi Arabia, the Jeddah-based company said today in a statement. Mars, Total, Sanofi-Aventis SA (SAN) and Grief have started to set- up factories in the region, it said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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