Riyadh, January 27, 2023, SPA -- In the presence of Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih, the Ministry of Investment signed two memorandums of understanding with Boehringer Ingelheim Company and Saudi Novo Nordisk Trading Company and King Abdullah University of Science and Technology at Riyadh Global Medical Biotechnology Summit 2023, which was organized by the Ministry of National Guard represented by Health Affairs Department in Riyadh on January 25-26, 2023. The two memorandums of understanding aim to enhance joint cooperation with the biotechnology and medicine sector in the Kingdom, transfer knowledge, localize the industry, contribute to enhancing human health and quality of life, increase awareness and establish centers specialized in research. It is worth noting that the Ministry of Investment is a strategic partner to Riyadh Global Medical Biotechnology Summit 2023, which hosts a group of international experts to discuss the latest developments in medical biotechnology. --SPA 18:23 LOCAL TIME 15:23 GMT 0013 www.spa.gov.sa/w1846140