{"id":90757,"date":"2024-10-22T00:00:00","date_gmt":"2024-10-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/22\/global-health-forum-sees-sar-50-bn-worth-of-projects-and-agreements-on-day-one\/"},"modified":"2024-10-22T00:00:00","modified_gmt":"2024-10-22T00:00:00","slug":"global-health-forum-sees-sar-50-bn-worth-of-projects-and-agreements-on-day-one","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/22\/global-health-forum-sees-sar-50-bn-worth-of-projects-and-agreements-on-day-one\/","title":{"rendered":"Global Health Forum sees SAR 50 bn worth of projects and agreements on day one"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Global Health Forum kicked off in Riyadh yesterday with the announcement of <\/strong><strong>projects to the tune of SAR 50 bn (USD 13.3 bn)<\/strong>, according to a press release (pdf). Information on the long list of healthcare agreements signed during the conference\u2019s inaugural day is still trickling in as we head to dispatch. The forum is set to conclude tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A rundown of the agreements:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- PIF-backed Nupco inked a <\/strong><strong>SAR 4 bn<\/strong><strong> agreement with French and Danish pharma<\/strong><strong> giants Sanofi and Novo Nordisk to localize the production of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4356338\/-%D9%86%D9%88%D8%A8%D9%83%D9%88-%D8%A7%D9%84%D8%AA%D8%A7%D8%A8%D8%B9%D8%A9-%D9%84%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A7%D8%AA-%D9%84%D8%AA%D9%88%D8%B7%D9%8A%D9%86-%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D8%A5%D9%86%D8%B3%D9%88%D9%84%D9%8A%D9%86-%D8%A8%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9\/\" style=\"\" rel=\"noopener\">insulin<\/a><\/strong> and other healthcare essentials.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Sulaiman Al Habib Group will invest upwards of SAR 10 bn to develop and operate<\/strong><strong> healthcare projects<\/strong>, the press release said, without providing further details. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Fakeeh Medical revealed a SAR 5 bn <\/strong><strong>expansion<\/strong><strong> of new and existing hospitals<\/strong> across Jeddah, Makkah, Madinah, and Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Al Mousa Health Group is looking to invest SAR 3 bn to set up <\/strong><strong>five primary care <\/strong><strong>centers<\/strong> and two hospitals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Dallah Healthcare is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4356325\/-%D8%AF%D9%84%D9%87-%D8%A7%D9%84%D8%B5%D8%AD%D9%8A%D8%A9-%D8%AA%D8%B9%D9%84%D9%86-%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0%D9%87%D8%A7-%D8%B9%D9%84%D9%89-%D9%85%D8%B4%D9%81%D9%8A%D9%8A%D9%86-%D9%88%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%B3%D8%AA%D8%B4%D9%81%D9%89-%D9%81%D9%8A-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6-%D8%A8%D9%80-4-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%B1%D9%8A%D8%A7%D9%84\/\" style=\"\" rel=\"noopener\">acquiring two hospitals<\/a><\/strong><strong> in the Eastern Province and is set to<\/strong><strong> establish a new hospital in Riyadh, at a combined investment of SAR 4 bn.<\/strong> The Al Salam Hospital and Al Ahsa Hospital in the Eastern Province will add 749 beds to Dallah Healthcare\u2019s portfolio, while the new Riyadh hospital will have a capacity of 250 beds, according to a press release. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- King Fahad Medical City inked a SAR 3 bn agreement with Boston Oncology to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4356485\/%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D9%84%D9%83-%D9%81%D9%87%D8%AF-%D8%A7%D9%84%D8%B7%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B9%D9%84%D9%86-%D8%AA%D9%88%D8%B7%D9%8A%D9%86-%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-T-cell-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%B1%D9%8A%D8%A7%D9%84\/\" style=\"\" rel=\"noopener\">establish a production hub<\/a><\/strong><strong> for cancer-treating CAR-T cells<\/strong>, a revolutionary method that helps patients utilize their own immune systems to fight cancer, <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4356485\/%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D9%84%D9%83-%D9%81%D9%87%D8%AF-%D8%A7%D9%84%D8%B7%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B9%D9%84%D9%86-%D8%AA%D9%88%D8%B7%D9%8A%D9%86-%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-T-cell-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%B1%D9%8A%D8%A7%D9%84\/\" style=\"\" rel=\"noopener\">according to Mubasher<\/a>:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the sidelines:<\/strong> A handful of other agreements were signed on the sidelines of the event, according to <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2192610\" style=\"\" rel=\"noopener\">state news agency SPA<\/a>. These include a partnership agreement between the Health Ins. Council and Alfaisal University, an MoU between Imam Abdulrahman Alfaisal University and the National Institute for Health Research, and an MoU between the Health Ministry and the Ministerial Committee for Traffic Safety. The Public Health Authority and King Faisal Specialist Hospital also signed a cooperation agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER HEALTH NEWS- <\/strong>Three unnamed Canadian healthcare companies are planning to set up regional headquarters in Saudi Arabia at a forum hosted by the Federation of Saudi Chambers that saw participants from 26 Canadian healthcare firms, <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/en\/N2192378\" style=\"\" rel=\"noopener\">SPA reported<\/a> separately.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi-based health institutions are teaming up with partners from Europe and the US to boost the local pharma industry<\/p>\n","protected":false},"author":1,"featured_media":90758,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2646],"tags":[10,13,2689],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare","tag-enterpriseam-ksa","tag-healthcare","tag-investment","wpautop","entry"],"acf":{"mongo_id":"bed96bfd-1895-4f35-9793-cd8f580802ab","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1879.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Global Health Forum sees SAR 50 bn worth of projects and agreements on day one","related_issue":[90752],"teaser":"Saudi-based health institutions are teaming up with partners from Europe and the US to boost the local pharma industry","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.93ab5e5e-7daa-4c31-8e7c-ce7b5e6c4bfb.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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