KSA boosts health sector cooperation with S. Korea

Updated 08 February 2016

KSA boosts health sector cooperation with S. Korea

RIYADH: Saudi Arabia and South Korea are set to widen cooperation in the health care sector following a joint road show which underlined potential areas of cooperation and showcased world-class health facilities of that country.

The event, titled “Korea-Saudi Health Care Cooperation Road Show,” also discussed ways and means to broaden the excellent working relationship.
“The road show brought together people from the health care industry of the Kingdom and Korea, providing them with chances of finding collaboration opportunities and partners in the private sector,” said Korean Ambassador Kwon Pyung-oh.
The event was attended by high-ranking Saudi officials, diplomats and health industry leaders. Prominent among them were Dr. Abdulaziz bin Saeed, deputy minister for public health; Dong-Wook Lee, director general of Korea’s Bureau of Health Industry; Do Bong-Kae, deputy chief of Korean mission; Bok-hyun Nam, health attaché; Seung-mo Yoo, president of the Korea Medical Association; and Yong-Joon Cho, chief of the Bongkoo Bio and Pharma Co. Ltd.
Referring to the signing of the executive program by Riyadh and Seoul to boost cooperation in the health sector in 2012, Ambassador Kwon said that “health care is a relatively new area of cooperation between the two countries.” He pointed out that the bilateral cooperation accord includes education and training of health care professionals, transfer of medical know-how as well as research and development in the health care and pharmaceutical fields.
“Following Korean President Park Geun-hye’s visit to Saudi Arabia in March last year, bilateral relations turned to a new era with two leaders agreeing to expand cooperation in new areas like health care, atomic energy, ICT, creative economy and investment,” said the envoy. Furthermore, human exchanges have been increasing including not only policymakers but also business people, economic organizations, youths and students, he said. “Such interactions like the health road show are forces behind bringing our two countries closer economically despite their geographical distances,” said Dong-Wook Lee, while speaking on this occasion. He explained the most successful elements of South Korea’s health care system, saying that one of the greatest advantages of Korea’s health care is its effectiveness — in terms of both costs and outcomes.
Dong said that the Korean people, as well as foreigners who live in Korea, have access to high-quality health care at a low cost. The administrative cost of the health insurance structure is notably low in South Korea. “This is an opportunity for Saudi and Gulf patients, who can travel to Korea and take advantage of the world-class medical facilities at a comparatively lower cost,” he said. The joint meeting of Saudi and Korean officials on the sidelines of the health care road show discussed areas of bilateral cooperation, the Korean pharmaceutical industry, the approval and registration process of Saudi Food and Drug Authority, the excellence of Korean medical devices industry, operation and maintenance of hospitals besides cooperation between health institutions.

Saudi Aramco participates in annual India Energy Forum

Updated 26 sec ago

Saudi Aramco participates in annual India Energy Forum

  • The annual event fosters national and international dialogue on opportunities, challenges and strategies to bring a new energy future for India

JEDDAH: Saudi Aramco has participated at the second India Energy Forum, hosted by CERAWeek, from Oct. 14-16.

The annual event fosters national and international dialogue on opportunities, challenges and strategies to bring a new energy future for India.

Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and Saudi Aramco chairman, Khalid A. Al-Falih, took part in the Ministerial Dialogue on Oct. 15.

On the same day, Saudi Aramco Senior Vice President of Downstream Abdulaziz M. Al-Judaimi participated in a panel discussion titled: “Outlook for Refining and Petrochemicals.”

Al-Judaimi noted that relations between the Kingdom and India are growing more strategic. Adding that, being the largest supplier of energy to India, Saudi Aramco has always had a long-term commitment to the country’s energy security.

He said Saudi Aramco is tapping into India’s world-leading growth, by investing in its energy future as part of the company’s own downstream strategy.

He highlighted that the closer cooperation between Saudi Aramco and Indian energy entities was reflected in the partnership with ADNOC and the Ratnagiri Refinery & Petrochemicals Ltd (RRPCL) on the Ratnagiri mega-refinery and petrochemicals complex in Maharashta this year.

He noted that Saudi Aramco's spending on material services sourced from Indian suppliers has reached almost $2 billion in the past six years, and the opening of the Aramco Asia India office in 2017.

He also underscored Saudi Aramco’s role as a catalyst for helping grow India’s oil and gas sector, especially chemicals.

“Investing in India’s value chain from oil supply, marketing and refining to petrochemicals and lubricants is a key part of Saudi Aramco’s global downstream strategy,” said Al-Judaimi.

“Chemicals, especially, can enhance India’s energy sector, adding long-term value to the country’s resources, providing quality products for India’s and Asia’s rapidly expanding middle classes, and positioning India for accelerated economic growth as a manufacturing hub – all of which align with Saudi Aramco’s own intent to expand our global business portfolio and downstream network.”

Meanwhile, Saudi Aramco has participated in the 2nd Supply Chain and Logistics Conference organized by the Ministry of Transport in Riyadh.

Saudi Aramco’s Senior Vice President of Operations & Business Services Mohammad Saggaf has underscored the importance of creating a logistics hub in the Kingdom.

“The role played by the supply and logistics sector has gained increasing importance in both scope and value. The sector now represents about $4.3 trillion of the world’s economy. It impacts other industrial, commercial and service sectors and has adopted many new advanced technologies.”

He also revealed that Saudi Aramco’s partnership with the General Institution for Technical Trianing has led to the etsbalishement of more than 18 training academies as part of the company’s plan to train 300,000 trainees by 2030.