Saudi Al-Jomaih Group to invest up to RM500m in Malaysia's halal sector

KUALA LUMPUR: Saudi-based Al-Jomaih Group plans to invest up to RM500mil in Malaysia's halal pharmaceutical and healthcare industry. 

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said so far, the group had invested RM286mil in two projects in the Enstek Halal Park, Negeri Sembilan. 

He said AJ Biologics Sdn Bhd, an AJ Pharma Holding's investment company which is a subsidiary of the Al-Jomaih Group, would invest RM160mil to manufacture pharmaceutical and nutraceutical products. 

Another wholly-owned subsidiary of AJ Pharma Holding, AJ Research and Pharma Sdn Bhd, will invest RM126mil in a research-driven project for the production of high quality pharmaceutical and consumer health products, he said when officiating the Halal Initiatives in Healthcare Industry Forum here. - Bernama