TRSP 5th anniversary: TRSDC ties up with ICME to offer world-class healthcare

Saudi Arabia has ambitions to develop world-class tourism destinations and attract visitors as part of diversification plans to reduce its dependence on oil revenue. (Supplied)
Saudi Arabia has ambitions to develop world-class tourism destinations and attract visitors as part of diversification plans to reduce its dependence on oil revenue. (Supplied)
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Updated 31 July 2022

TRSP 5th anniversary: TRSDC ties up with ICME to offer world-class healthcare

TRSP 5th anniversary: TRSDC ties up with ICME to offer world-class healthcare
  • Saudi Arabia aims for the tourism sector to account for 10 percent of its GDP by 2030

RIYADH: Tourism development is a crucial economic driver to achieving Saudi Arabia’s Vision 2030, and the Kingdom aims for the sector to account for 10 percent of its gross domestic product by 2030.

The country has ambitions to develop world-class tourism destinations and attract visitors as part of diversification plans to reduce its dependence on oil revenue.

The project is steadily emerging as one of the world’s largest regenerative tourism projects, in line with the goals outlined in the Kingdom’s Vision 2030.




Saudi Arabia has ambitions to develop world-class tourism destinations and attract visitors as part of diversification plans to reduce its dependence on oil revenue. (Supplied)

Besides providing sustainable tourism offerings, The Red Sea Development Co. is keen on delivering top-notch healthcare facilities to its residents and staff.

“Our primary goal is to ensure the availability of quality healthcare for all staff, residents and visitors at The Red Sea Project. Care will be patient-centric and aligned with international best practices,” said Julie Parisien, senior director of portfolio strategy at TRSDC, in an exclusive interview with Arab News.

An oasis of healthcare

Even though a regenerative tourism project, TRSP will not be a complete health tourism destination; instead, it will focus specifically on primary and secondary care for staff, residents and visitors, Parisien explained.

She further stated that TRSP’s coastal village hospital would offer primary and secondary care, including outpatient and inpatient diagnostics and treatment.

FASTFACTS

• The project is steadily emerging as one of the world’s largest regenerative tourism projects, in line with the goals outlined in the Kingdom’s Vision 2030.

• Besides providing sustainable tourism offerings, The Red Sea Development Co. is keen on delivering top-notch healthcare facilities to its residents and staff.

She added: “We aim to provide quality, patient-centric care to TRSP’s population, abiding by international standards and continually raising the bar in delivery.”




Julie Parisien, Senior director of portfolio strategy at TRSDC

As a part of this healthcare strategy, TRSDC has partnered with the International Consulting Management and Engineering and devised the healthcare delivery model for this project.

Our primary goal is to ensure the availability of quality healthcare for all staff, residents and visitors at The Red Sea Project. Care will be patient- centric and aligned with international best practices.

Julie Parisien, Senior director of portfolio strategy at TRSDC

ICME, as a strategic healthcare adviser to TRSDC, was also responsible for formulating the future medical concept and the health technology planning for the Coastal Village hospital and the clinic at the international airport.

“Under the contract with TRSDC, we performed a healthcare strategy validation exercise and ensured its applicability to the local healthcare demand,” Cyril Toma, managing partner of the Middle East and North Africa at ICME Healthcare, told Arab News.

Making the difference

Toma added that ICME’s job was to validate TRSP’s healthcare strategy and ensure its applicability to the local requirements.

“The main intent was to ensure that we deliver patient-centric healthcare with international best practices and that there are mechanisms in place for patients with more complex cases to be transferred to the relevant tertiary care services in emergencies,” said Toma.

He added that healthcare facilities in TRSP will provide specialty services such as hyperbaric oxygen therapy treatment for diver-related accidents.

Moreover, the hospital will be a smart facility that seamlessly integrates current and future requirements without compromising sustainability.

According to the real estate monolith, the coastal hospital is expected to provide exceptional medical care for 14,000 employees and visitors, along with offering educational and employment opportunities for local Saudi nationals.

The company has awarded the operations contract of this hospital to Steward alf Global Healthcare Co., a joint venture between Alf Healthcare and international healthcare provider Steward Health Care International.

“Our people are our priority, and we care about the health and well-being of every employee. Steward alf Global Healthcare Co. combines the local experience of Alfanar with international best practice from Steward Health Care International, guaranteeing the very best of medical care is provided,” said John Pagano, CEO of TRSDC.

As a part of the deal, the healthcare company will also develop site-wide emergency response provisions to ensure the safety of workers and visitors.

TRSDC also provides a corporate wellness program named “Hayah,” the Arabic word for life. The wellness program aligns with the health targets and goals of Saudi Vision 2030 and the Quality of Life Program.

Moreover, TRSDC’s employee assistance program offers all employees and their household family members over the age of 16 confidential, free access to professional psychologists, counselors, nutritionists, and life and health coaches 24/7, 365 days a year.

The employee assistance program also offers all employees access to Calm, an awarding-winning app for mindfulness, sleep and meditation.

Affirming its commitment to community service, TRSDC participated in a blood donation campaign on June 14 in line with World Blood Donor Day 2022.

A total of 126 participants volunteered and participated in the campaign, and it helped Al Wajh and Umluj General Hospital to have sufficient blood for the next two-and-a-half months.


Saudi Islamic finance firm Nayifat appoints new CEO

Saudi Islamic finance firm Nayifat appoints new CEO
Updated 16 sec ago

Saudi Islamic finance firm Nayifat appoints new CEO

Saudi Islamic finance firm Nayifat appoints new CEO

RIYADH: Nayifat Finance co. has named Bandar Al-Baiz as CEO and managing director of the company following a formal approval by its board, a bourse filing shows.

This follows the resignation of CEO Abdulmohsen Musaed Al-Sowailem in May and the appointment of Chan Kok Veng as its acting chief in June.

The Islamic finance firm has also announced the appointment of Saleh Al Omair as a chairman and Abdulmohsen Al-Saleh as a vice chairman.

The firm’s shares increased 0.17 percent to SR22.98 ($6), as of 10:08 a.m. Saudi time.


TASI regains some momentum after dropping below 11k points: Opening bell

TASI regains some momentum after dropping below 11k points: Opening bell
Updated 16 min 1 sec ago

TASI regains some momentum after dropping below 11k points: Opening bell

TASI regains some momentum after dropping below 11k points: Opening bell

RIYADH: Saudi Arabia’s main index gained momentum after dropping below 11,000 points on Monday on fears of a global recession sparked by aggressive monetary tightening around the world.

The Tadawul All Share Index gained 1.04 percent to reach 11,022 in early trade on Tuesday, while the parallel market Nomu started almost flat at 19,723, as of 10:08 a.m. Saudi time.

Saudi oil giant Aramco started with a 0.29 percent gain, while Rabigh Refining and Petrochemical Co. added 1.05 percent.

The Saudi National Bank, the Kingdom’s largest lender, increased by 0.98 percent, while Saudi British Bank increased by 0.95 percent.

The Kingdom’s most valued bank Al Rajhi rose 1.15 percent, while Alinma Bank gained 0.58 percent.

Anaam International Holding Group continued to lead the gainers since yesterday’s trading session with a 6.83 percent gain, after it turned into profits of SR1.6 million ($425,599) in the first half of 2022.

Abdulmohsen Alhokair Group for Tourism and Development rose 4.52 percent after signing two contracts totaling SR94 million with a company specializing in establishing and operating international brands.

Saudi Paper Manufacturing Co. gained 1.38 percent, after it invited its shareholders to vote on raising its capital to SR337 million, following approval by the Capital Market Authority.

Nayifat Finance Co. added 0.17 percent, after it named Bandar Al-Baiz as managing director and CEO, as well as Saleh Al Omair as chairman and Abdulmohsen Al-Saleh as vice chairman.


Here’s what you need to know before Tadawul trading on Tuesday

Here’s what you need to know before Tadawul trading on Tuesday
Updated 27 September 2022

Here’s what you need to know before Tadawul trading on Tuesday

Here’s what you need to know before Tadawul trading on Tuesday

RIYADH: Saudi Arabia’s main index dropped below 11,000 points for the first time in nearly nine months thanks to falling oil prices and global recession fears.

The Tadawul All Share Index dipped 2.26 percent at the end of Monday’s trade, reaching 10,909 for the first time since Dec. 12, while the parallel market Nomu shed 0.84 percent to 19,708.

The UAE’s indexes tumbled in the same direction, Abu Dhabi’s main index tumbled 2.2 percent, while Dubai's main share index dropped 1.8 percent.

The Qatari index fell 1.3 percent, Bahrain's index fell 0.9 percent and Kuwait's index fell 1.1 percent.

Outside the Gulf, Egypt's blue-chip index declined by 0.6 percent at the end of Monday.

In energy trading, Brent crude traded at $84.94 a barrel and WTI crude reached $77.53 a barrel, as of 9:07 a.m. Saudi time.

Stock News

Alhokair Group for Tourism and Development signed two contracts totaling SR94 million ($25 million) with a company that specializes in the establishment and operation of international brands.

Saudi Paper Manufacturing Co. invited its shareholders to vote on raising its capital to SR337 million, following approval by the Capital Markets Authority.

Saudi Parts Center signed a Shariah-compliant credit facility agreement with the Saudi Investment Bank worth SR30 million.

Power and Water Utility Co. for Jubail and Yanbu has received CMA’s approval to offer 73 million shares in Tadawul’s initial public offering.

Saudi Top for Trading Co. obtained the CMA approval to float 880,000 shares on the parallel market, Nomu.


Saudi Capital Market Authority approves 3 new IPOs as listing wave continues

Saudi Capital Market Authority approves 3 new IPOs as listing wave continues
Updated 27 September 2022

Saudi Capital Market Authority approves 3 new IPOs as listing wave continues

Saudi Capital Market Authority approves 3 new IPOs as listing wave continues

RIYADH: Saudi Arabia’s Capital Market Authority approved three initial public offerings in the midst of a listing wave on the Saudi bourses.

The market regulator has approved an application from Power and Water Utility Co. for Jubail and Yanbu to register and sell 73.09 million shares, or 29.24 percent of equity, on the Saudi Exchange, according to a CMA statement.

Saudi Top for Trading Co. has obtained the regulator's approval to float 880,000 shares on Nomu-Parallel Market.

The CMA has also approved Molan Steel Co.'s application to register and offer 532,400 shares on Nomu-Parallel Market.

Saudi stock markets have been witnessing rising interest among companies to go public with its main market, TASI, listing 10 IPOs, whereas, the parallel market, Nomu, getting 11 IPOs listed so far this year.


Oil Updates — Crude slightly up; Iraq minister says OPEC monitoring oil prices; Qatar oil industry faces inflationary pressures

Oil Updates — Crude slightly up; Iraq minister says OPEC monitoring oil prices; Qatar oil industry faces inflationary pressures
Updated 27 September 2022

Oil Updates — Crude slightly up; Iraq minister says OPEC monitoring oil prices; Qatar oil industry faces inflationary pressures

Oil Updates — Crude slightly up; Iraq minister says OPEC monitoring oil prices; Qatar oil industry faces inflationary pressures

RIYADH: Oil prices rose on Tuesday, after plunging to nine-month lows a day earlier, on indications that the Organization of the Petroleum Exporting Countries, known as OPEC, may enact output cuts to avoid a further collapse in prices.

Brent crude futures for November settlement rose 65 cents, or 0.77 percent, to $84.71 per barrel by 0502 GMT. 

US West Texas Intermediate crude futures for November delivery were up 64 cents at $77.35 per barrel.

OPEC monitoring oil prices, seeks market balance: Iraq oil minister

Iraq Oil Minister Ihsan Abdul Jabbar on Monday said that the OPEC and allies including Russia, known as OPEC+, are monitoring the oil price situation, wanting to have a balance in the markets.

“We don’t want a sharp increase in oil prices or a collapse,” he said in a televised interview on state TV.

“We entered a challenging period. Global factors led to the decrease [in oil prices], most importantly lower growth and higher inflation rates,” Abdul Jabbar said.

OPEC+, has this year ramped up oil output, looking to unwind record cuts put in place in 2020 after the pandemic slashed demand.

Qatar says inflationary pressures impacting oil and gas industry

Qatar’s Minister of State for Energy Affairs said on Monday that inflationary pressures have led to rising production costs, delays in investment decisions, and increased policy uncertainty in the oil and gas industry.

Minister Saad Al-Kaabi said in a statement the sector needs to help people recognize that demands to cancel hydrocarbons “are not only unrealistic but, as recent months have proven, are harmful to a realistic, accelerated transition.”

Kaabi said that hydrocarbons “are not going to disappear any time in the near future.” Therefore cleaner forms of hydrocarbons were essential for a responsible transition.

“Natural gas is certainly the cleanest fossil fuel, and a much-needed reliable and economic solution to manage intermittency issues, when the sun is not shining, or when the wind is not blowing,” he said.

(With input from Reuters)