About — KARAMA VS

About us

KaRama Venture Studio is your trusted gateway to launching and scaling your BioTech & MedTech ventures in the Kingdom of Saudi Arabia.

We specialize in supporting international & local entrepreneurs, researchers, and startups who aspire to settle and grow in Saudi Arabia’s rapidly expanding innovation ecosystem.

Why Saudi Arabia?

Market Overview

Saudi Arabia's healthcare sector is experiencing rapid growth, driven by Vision 2030 initiatives and increasing private sector participation.

Key Growth Drivers

Vision 2030 healthcare transformation initiatives
Privatization of healthcare facilities
Rapid adoption of digital health technologies

Healthcare market value

$38.5 Billion

Biotech Market (2023)

$4.8 Billion

Healthcare Expenditure

$58+ Billion

Digital Health CAGR

19.3%

A Snapshot of the Strategy and its Aspirations

Aspirations

Establish Saudi Arabia as the leading biotech hub in MENA by 2030 and globally by 2040.
Contribute over $34.6 billion to the non-oil GDP by 2040, representing 3% of the total.
Create 11,000 high quality, innovative job opportunities by 2030, and 55,000 by 2040.

Highlights

Through the following strategic plays, the National Biotechnology Strategy aims to position Saudi Arabia as a biotech leader, driving economic growth, fostering innovation, and improving the wellbeing of its citizens.

Vaccines

Develop end-to-end vaccine manufacturing capabilities for self-sufficiency and MENA exports.
Drive R&D in innovative vaccine technologies and become a regional hub for late-stage development.

Biomanufacturing and
Localization

Establish local bio-manufacturing to boost self-sufficiency and enable global biologics exports.
Foster biosimilars penetration to reduce healthcare expenditure.

Genomics

Expand the national genomic database to advance research and enable preventive healthcare.
Foster innovation through supportive policies and improved access to genomics data.

Plant Optimization

Enhance food self-sufficiency and agricultural productivity in the Kingdom.
Promote climate sustainability and green practices.

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Let's Build the Future Together

KaRama Venture Studio is your gateway to launching and scaling your BioTech & MedTech ventures in the Kingdom of Saudi Arabia. We specialize in supporting international & local entrepreneurs, researchers, and startups who aspire to settle and grow in Saudi Arabia’s rapidly expanding innovation ecosystem.

✉️ KaRamaVS@karama.tech 📞 +966 554322387