Johnson & Johnson Medical Devices Companies launches joint venture in KSA

The announcement was made at a press conference on Wednesday in Riyadh.
Updated 19 November 2017
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Johnson & Johnson Medical Devices Companies launches joint venture in KSA

Johnson & Johnson Medical Devices Companies (JJMD) has announced the launch of Johnson & Johnson Medical Saudi Arabia Limited. It is a Saudi-registered legal entity resulting from a joint venture between Johnson & Johnson Middle East FZ-LLC, Abdulrehman Algosaibi and Farouk Maamoun Tamer & Co.
The launch of the Riyadh-headquartered company marks an important expansion for JJMD in the Middle East, reinforcing a strong commitment to building health care solutions in the Kingdom, sharing global expertise and innovation through professional education and developing Saudi national talent.
“Saudi Arabia is an important market and we are excited about the government’s plan to advance health care under the Saudi Vision 2030 that aims to improve quality of life and health care services. We have a deep commitment to supporting this vision by helping health care systems navigate the impact of the changing landscape, ultimately improving outcomes, increasing patient satisfaction and reducing costs in value based care,” said Michelle Brennan, company group chairman JJMD EMEA.
“The flexible new regulations introduced by the Saudi Arabian General Investment Authority have encouraged us to set up our legal presence in the Kingdom under a joint venture with our longstanding distributor partners who have strong knowledge and expertise in the Saudi market.”
The announcement was made at a press conference on Wednesday in Riyadh, held under the auspices of the Saudi Arabian General Investment Authority (SAGIA).
Johnson & Johnson Medical Saudi Arabia Limited, which also has a branch in the Red Sea port city of Jeddah, began operations in October and has started receiving orders to serve clients in the Kingdom. It launched under the leadership of General Manager Abdulaziz Al-AlSheikh with around 190 employees, including a female sales team. The new company comes to market with a Saudization rate of 25 percent and said it is committed to attracting, hiring, training and developing Saudi talent.
“We are very pleased to be strengthening our strategic partnership through this joint venture. We believe that Johnson & Johnson Medical Saudi Arabia Limited will have a positive long-term impact on health care in Saudi Arabia while also growing and enhancing the Saudi Arabian workforce,” said Magdy Saidum, director technical affairs at Abdulrehman Algosaibi, and Mohammed Tamer, group CEO and managing partner of Tamer Group.


King Abdullah Port sponsors logistics forum

Updated 18 September 2018
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King Abdullah Port sponsors logistics forum

King Abdullah Port has signed an agreement to sponsor the Supply Chain and Logistics Conference organized by the Transport Ministry. The conference, which will take place on Oct. 15-16 in Riyadh, will be held under the patronage of Transport Minister Dr. Nabil M. Al-Amoudi. Decision-makers, experts and officials from major local and international companies involved in the supply chain and logistics sector are expected to attend.

Highlighting the importance of participating in the event, Rayan Qutub, CEO of King Abdullah Port, said: “Our sponsorship of the conference comes within our commitment to cooperate and exchange expertise with the active players of the logistics sector, which recently has been witnessing major developments in terms of business volume, innovation and solutions that complement Vision 2030 and transform Saudi Arabia into a global logistics hub by promoting its position on the Logistics Performance Index issued by the World Bank.”

“Saudi Arabia has a number of components and facilities that enable it to play a key role in this sector at the regional and global levels, and we will play our part in showcasing the best King Abdullah Port has to offer in the logistics sector, such as solutions and facilitation for investors based on the port’s strategic location on the Red Sea. The port is on the main shipping line between the East and West, which significantly enhances the Kingdom’s competitiveness and positions it among the key countries in global trade,” he added.

Qutub will participate in a session for CEOs, where participants will discuss strategic decisions to reshape and keep pace with the global system of supply chains and logistics.

King Abdullah Port previously announced an increase in container handling reaching 1,236,075 TEU during the first half of 2018, marking a new record of 50.5 percent increase compared to the same period last year. Earlier, the port announced a 21 percent increase in its annual throughput by the end of 2017, making it the second largest port in the Kingdom in terms of container handling. 

Run by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed and operated by the private sector. It has been listed as the fastest growing container port in the world and one of the world’s top 100 ports after less than four years of operation. Eight of the largest shipping lines work at the port, which offers integrated services to exporters and importers.