King Khalid Medical City Project earns Mideast design award

Updated 07 June 2013

King Khalid Medical City Project earns Mideast design award

The King Khalid Medical City Project in the Eastern Province recently won the Middle East Best Future Design Awards at the 2013 Middle East Hospital Forum and Exhibition, which took place at the Dubai International Convention and Exhibition Center.
Khalid bin Mohammed Al-Shaibani, CEO Of King Khalid Medical City in the Eastern Province, said he was honored to be bestowed with such an award on behalf of the project management team.
“We are very pleased that our Kingdom’s future health care project has earned such an acclaim from a reputable institute. This prestigious award reflects the aspirations of the Saudi government under the leadership of Custodian of the Two Holy Mosques King Abdullah and the future vision of the Ministry of Health of Saudi Arabia under the guidance of Dr. Abdullah Al-Rabeeah to improve and enhance health care development projects for the benefit of Saudi citizens,” he said.
Al-Shaibani added that King Khalid Medical City’s design is a fully integrated health care facility, which is inspired by the slogan “Patient comes first.” The city has been designed according to international standards, while taking into consideration the concept of quality health care with a wide variety of choices.
Al-Shaibani expressed his hope that the medical project would positively benefit citizens and the entire community in the near future.

Forum aims to boost Saudi-Japan trade ties

Updated 54 min 47 sec ago

Forum aims to boost Saudi-Japan trade ties

  • Japan is one of Saudi Arabia’s most important economic partners

TOKYO: More than 300 government, investment and industry leaders on Monday took part in a high-level gathering aimed at further boosting business opportunities between Saudi Arabia and Japan.

The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.

Hosted in partnership with the Japan External Trade Organization (JETRO), the conference focused on the creation of investment opportunities in strategic sectors of the Kingdom. Delegates also discussed key reforms currently underway to enable easier market access for foreign companies.

Speaking at the event, Saudi Economy and Planning Minister Mohammed Al-Tuwaijri, said: “Today’s forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to drive private-sector involvement, both by partnering with public-sector entities.”

SAGIA Gov. Ibrahim Al-Omar said: “At SAGIA, we have been working on creating a more attractive and favorable business environment in Saudi Arabia, which is making it easier for foreign companies to access opportunities in the Kingdom.”

Japan is one of Saudi Arabia’s most important economic partners. It is the Kingdom’s second-largest source of foreign capital and third-biggest trading partner, with total trade exceeding $39 billion.

JETRO president, Yasushi Akahoshi, said: “Saudi-Japan Vision 2030 has made great progress since it was first announced. Under this strategic initiative, the number of cooperative projects between our two countries has nearly doubled, from 31 to 61, and represents a diverse range of sectors and stakeholders.”

Since 2016, the Saudi government has delivered 45 percent of more than 500 planned reforms, including the introduction of 100 percent foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders.

As a result, the Kingdom has climbed international competitiveness and ease-of-doing-business rankings, with foreign direct investment inflows increasing by 127 percent in 2018 and the number of new companies entering Saudi Arabia rising by 70 percent on a year-on-year basis in the first quarter of 2019.