Posted by Alumni from WEF
April 26, 2024
Saudi Arabia and India, two of the world's fastest-growing economies, are working to capitalize on the rapid expansion of the bioeconomy to turbocharge sectors ranging from energy to healthcare and beyond. The bioeconomy ' an economy where the basic building blocks for materials, chemicals, energy and healthcare are derived from renewable biological resources ' is already gaining traction as a way to generate value within planetary boundaries. For a clear-cut example of how important the bioeconomy is and how much potential it has, we need look no further than the COVID-19 pandemic. The bio-enabled mRNA vaccine industry delivered COVID-19 jabs in record time, and India's manufacturing base for inoculations meant that millions of doses were rapidly dispersed globally, saving countless lives. During the peak pandemic period, India donated 4.5 million doses of indigenously manufactured COVID-19 vaccines to Saudi Arabia as part of Vaccine Maitri (Vaccine Friendship). This partnership is... learn more