Jun 18, 2022
Saudi Arabia Pledges $1 Billion a Year to Anti-Aging Research
Posted by Joe Bennett in categories: biotech/medical, finance, life extension
The Beginnings of a biotechnology revolution in Saudi Arabia?
The Saudi royal family, led by king Salman bin Abdulaziz have announced the formation of a non-profit research foundation which intends to spend $1 billion of the countries considerable annual oil revenue on supporting anti-aging research. If such funding materialises, it will make Saudi Arabia the single greatest financial contributor to longevity research.
The Saudi royal family aims to distribute this funding through a non-profit organisation called the Hevolution Foundation 0, which was founded by Dr Mehmood Khan, formerly of the Mayo Clinic. In a formal introduction to the Hevolution Foundation, Dr Khan had the following to say.