Saudi Health 2014 to showcase latest medical solutions

Updated 03 May 2014

Saudi Health 2014 to showcase latest medical solutions

The health care sector of Saudi Arabia has witnessed positive growth over the last few years and has attributed to strong support from the government.
The Kingdom has allocated SR108 billion in its 2014 budget for the development of its health and social services reflecting an eight percent increase in comparison to last year’s budget. This step is set to further boost the country’s flourishing medical devices market, which was valued at SR4.1 billion in 2013 and predicted to reach SR6 billion by 2018, accounting for almost 50 percent of the Middle East’s medical devices industry.
The 2nd Saudi Health Exhibition and Conference is set to take place from May 19 to 21 at the Riyadh International Convention and Exhibition Centre, to throw spotlight on the thriving health care sector of the country. The event, which is jointly organized by Riyadh Exhibitions Company (REC) and Informa Life Sciences Exhibitions, offers the largest marketplace for regional and international health care stakeholders, dealers and suppliers, and service providers to interact and network with key industry players, health care professionals and new buyers.
Aligning with the organizers philosophy of Exhibition with Education, Saudi Health 2014 will concurrently host a set of specialized conferences and workshops that will enable participants to gain knowledge, share experiences and network among their peers. Conference topics include nursing, hospital management, medical laboratory, cardiology, nuclear medicine and the future of health care in Saudi Arabia.
Fahad Al-Athel, deputy general manager, REC, said: “The Kingdom of Saudi Arabia has proven its leadership in the regional health care sector, fuelled by increased government spending in health care, rise in population as well as per capita income and growing penetration of healthcare insurance. Saudi Health 2014 will give a major boost to already flourishing Kingdom’s medical infrastructure. The medical services providers as well as local specialized health care companies will overview the latest technological breakthrough and solutions, fresh industry trends and international best practices. Visitors will further get an opportunity to boost their expertise and gain insight through different case studies.”
Simon Page, managing director, Informa Life Sciences Exhibitions, said: “Tapping into the health care sector in the Kingdom of Saudi Arabia requires a watertight entry strategy. Saudi Health offers a comprehensive introduction to the offer of investment opportunities and potential partnerships available in the country. This is evident in the 28 percent increase in exhibition space for the 2014 show where more than 300 exhibitors have chosen Saudi Health as their preferred platform to showcase their innovation and services to the Kingdom. Informa Life Sciences Exhibitions is once again partnering with REC to bring this event back to Riyadh.”

Tesla rival Lucid Motors wants to build factory in Saudi Arabia

Updated 51 min ago

Tesla rival Lucid Motors wants to build factory in Saudi Arabia

  • Lucid Motors eyes production plant in Kingdom after raising more than $1bn from the Public Investment Fund
  • California-based electric-car maker hopes to sell first vehicles for more than $100,000 

LONDON: A US-based electric-vehicle company that raised more than $1 billion from Saudi Arabia wants to build a factory in the Kingdom, and says its mission to build “the best car in the world” is well underway. 

The California-based Lucid Motors is developing its first model, the Air, which it hopes to sell for more than $100,000 when it enters production in less than two years’ time. 

Financial backing from Saudi Arabia’s Public Investment Fund (PIF), announced last year, will allow Lucid to proceed with the development of the all-electric sedan, as well as fund the $240 million cost of building the first phase of its factory in the US.

Peter Rawlinson, chief technology officer at Lucid Motors — and a former engineer at rival Tesla — said the company wants to eventually build a production plant in Saudi Arabia, and sees a “long-term” partnership with the Kingdom.

“I can see a really bright future, with a tangible manufacturing facility or facilities,” Rawlinson told Arab News.

“We’d love to do that … We’re currently in a period where we are investigating all these options. 

“There is a vision that there will be some sort of production facility in the future.”

Rawlinson added that it is “early days” for such a plan, but said he sees many opportunities for electric vehicles in Saudi Arabia — not least, because of the abundant sunshine and potential for solar power.

“We are undertaking the appropriate studies, but I’m really excited about the potential of this. This partnership is huge for us; we can benefit the Kingdom of Saudi Arabia in a significant, meaningful and long-term manner,” he said. 

“One of the great assets of the Kingdom is its endless reserves of sunshine, and how that can be harvested with solar energy. We’re a battery-storage technology company; that’s a way we could contribute. We’re exploring a number of avenues along those lines.”

Lucid is positioning itself in the luxury market, and Rawlinson said its Air model is looking to compete with the likes of the Mercedes-Benz S-Class. The Lucid Air is the company’s first car, but Rawlinson said an initial public offering (IPO) could be on the cards to develop future models.

The engineer brushed off the idea of a competitive threat from Elon Musk’s Tesla, where he once worked as chief engineer for the Model S.

“We don’t see Tesla as a key, direct competitor. We see the German gasoline cars — the petrol engine cars … as our core competitive set,” he said. 

“I’ve spoken to many people … who would gladly buy an electric car but say they’re not going to give up their Mercedes-Benz to buy a Tesla because of the interior. You’ve only got to step inside a Tesla to realize it’s not true luxury.”