RIYADH: A new strategic partnership worth $214 million aims to enhance private sector participation in and attract investment into Saudi Arabia’s healthcare industry.
Signed by the Ministry of Investment, Ministry of Health and ewpartners on Tuesday at the Global Health Exhibition in Riyadh, the agreement targets a number of areas under the Vision 2030 health transformation program.
Investment opportunities will be developed in dialysis services, rehabilitation medicine, fertility and IVF and medical diagnostics.
Advanced healthcare technologies are set to be introduced, and the agreement also aims to localize specialized medical capabilities while expanding access to healthcare nationwide.
The initiative supports national targets to raise the private sector’s contribution to healthcare delivery from 40 to 65 percent, strengthen competitiveness and foster innovation and knowledge transfer.
