Japan's SBI to launch first Saudi Arabia biotech fund

Up to $100m fund to promote growth sector under Saudi Vision 2030

20241118N saudi vision 2030 REU

Saudi Arabia considers biotech as a key sector for diversifying its economy under the Saudi Vision 2030 initiative. © Reuters

MASAYUKI SHIKATA, Nikkei staff writer

TOKYO -- Japan's SBI Holdings will debut its first biotechnology-focused investment in Saudi Arabia as early as the first half of 2025 as part of an overseas push.

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