Banaja Pharmaceuticals and Qatar Infusions Factory (Qatar Pharma) signed an agreement in order to distribute Qatar Pharma's products in Saudi Arabia.
Yousef Banaja, president of Banaja Holdings described the agreement as the first-of-its-kind enhancing cooperation between Qatar and Saudi Arabia in the healthcare sector and strengthening economic ties.
Banaja said "Both Saudi Arabia and Qatar are keen to enhance the quality of health services in the Gulf.
In addition, this deal will help meet the market's growing needs for medical products which are considered a key factor in achieving medical security in the region.