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

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.


Saudi media delegation visits Hyundai research center in Seoul

Updated 19 August 2019

Saudi media delegation visits Hyundai research center in Seoul

At the invitation of Saudi automotive company Mohamed Yousuf Naghi Motors — Hyundai, a Saudi media and press delegation visited Hyundai Motor Company’s headquarters in the Korean capital, Seoul. The delegation was received by the company’s senior officials, who briefed the journalists on the latest production and design technologies of Hyundai. The group participated in a press conference held by the company for launching the Hyundai Sonata 2020 and the new family SUV Palisade, both of which will be launched eventually in Saudi Arabia by Mohamed Yousuf Naghi Motors Company — Hyundai.

The press event was held in the world’s largest integrated technical center of Hyundai Motor Company. The Saudi media delegation witnessed the different stages of car production at the center. The company’s officials spoke about Hyundai Motor’s plans and future strategy to cope with the enormous advances in the automotive industry.

The delegation then moved to the company’s Research and Development Center, which is located in Seoul and built on an area of 3 million square meters, and employs more than 13,000 engineers.

Members of the delegation were briefed about the safety driving procedures and safety systems available in Hyundai cars. They were also given the opportunity to test drive some of the new cars on the center’s track.

Khalid Alharthy, national marketing operations and PR manager at Mohamed Yousuf Naghi Motors Company — Hyundai, said: “The fruitful cooperation between us and Hyundai and the strategic partnership that combines us is confirmed through this important visit of the Saudi media delegation, which aimed to introduce them to the latest technologies used in the manufacture of cars, and the precision tests that run on all Hyundai products, as well as Hyundai’s keenness to manufacture high-quality products at competitive prices.”

He added: “The Research and Development Center visit was an opportunity for the media delegation to see the future of automotive technology. It also symbolizes the optimal process for the development of the automotive world. There is no doubt that this will be reflected in our clients and help us to develop our business.”