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Emaar signs MoU with Sanofi-aventis to establish entity in KAEC

Saudi Arabian General Investment Authority (SAGIA) and Emaar, The Economic City (Emaar.E.C) have signed a Memorandum of Understanding (MoU) with Sanofi-aventis to establish an entity of the leading global pharmaceutical company in King Abdullah Economic City (KAEC), the single largest private sector development in the region.

Developed by Emaar.E.C, with SAGIA as the prime facilitator, KAEC has emerged as one of the global hotspot investment destinations in a range of industries. Sanofi-aventis is one of the first pharmaceutical majors to establish a significant presence in KAEC, which will also have a full-fledged Healthcare City to drive the medical needs of its residents.



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