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.”

Contractor appointed for $1.4bn Jubail Island project in Abu Dhabi

Updated 37 min 37 sec ago

Contractor appointed for $1.4bn Jubail Island project in Abu Dhabi

  • Project will be open to foreign property investors
  • Gulf Contractors Company to carry out enabling works

LONDON: A contractor has been appointed to carry out initial works for a $1.4 billion island development in Abu Dhabi.

Gulf Contractors Company won the enabling works contract for the Jubail Island project in the UAE capital, the company behind the development said.

The works under the contract are scheduled for completion in January 2020, according to the Jubail Island Investment Company (JIIC), the UAE state news agency WAM reported.

Enabling works generally involve major earthworks and grading of a site, ahead of the installation of infrastructure such as roads, utilities, and other facilities. 

Over 2.5 million cubic meters of material will be excavated and placed to create the formation level for over 40 kilometers of roadways and more than 800 residential properties as part of the contracted works, according to WAM.

The giant Jubail Island project will span six “investment zone villages” and will be home to between 5,000 and 6,000 residents, according to the developer. 

The project, which has 13 kilometers of waterfront and is being built on a natural island in Abu Dhabi emirate, is slated for completion in the fourth quarter of 2022.

“Offering housing, commercial, leisure and freehold investment opportunities particularly for Emiratis and expatriates is a central planning element for Jubail Island,” said Mounir Haidar, managing director of JIIC.

“Today’s announcement confirms the timely delivery of the newly launched project in conformity with leading construction and environmental standards.”

Abu Dhabi in April amended its real estate laws, lifting restrictions on foreigners owning freehold properties in certain free zones in the emirate.