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Julphar to Build Pharmaceutical Plant in Jeddah, Awsat Says

Nov. 20 (Bloomberg) -- Gulf Pharmaceutical Industries, also known as Julphar, signed an agreement with Cigalah Group to build a pharmaceutical plant in Jeddah, Asharq al-Awsat reported, citing Julphar’s Chairman Faisal Al Qasimi.

The plant, with an investment of $40 million, will start commercial production in 2014, the newspaper 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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