RIYADH: One of Germany’s largest private clinical laboratory service providers has started an expansion drive in the Arab World. Synlab GmbH recently bought Saudi owned United Medical Lab Riyadh to create the largest private laboratory in the Kingdom.
Head of the board of directors for Al-Insanya TV Prince Abdulaziz bin Abdulrahman and Synlab representatives Dr. Michael Lonsdorfer and Thomas Degott announced on Monday that they have signed a contract to finalize the deal.
Lonsdorfer and Degott said it would be the first private laboratory created under new Saudi Arabian General Investment Authority (SAGIA) rules. They added Synlab intended to develop its activities in the Kingdom and neighboring Arab countries as a major part of its future growth strategy.
