H.E. Eng. Ibrahim bin Mohammed Al-Sultan, CEO of the Royal Commission for Riyadh City (RCRC), expressed his gratitude to the leadership for the approval to establish the “Riyadh Biocentral Foundation” as a non-profit entity under the RCRC’s umbrella.

H.E. Al-Sultan highlighted that this approval builds upon ongoing efforts to leverage Riyadh’s vast capabilities, empowering the city to strengthen its influence and play a key role in the Kingdom’s economic growth. He noted that the initiative will contribute to GDP growth, support startups, ensure sustainable development, promote innovation, and bolster Riyadh’s position regionally and globally.

The Foundation is committed to developing and executing activities that support the advancement of the biotechnology sector, H.E. affirmed, adding that the entity will collaborate with specialized local and international organizations to drive research, innovation, and creativity within the field.