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The Kingdom of Saudi Arabia (KSA) is expected to experience economic growth despite oil price complications due to its economic diversion from the oil industry to other industries, with initiatives and strategies that encourage private sector participation. Apart from robust economic growth, the region s business environment will also change radically with the emergence of new business models. This is particularly prominent in the healthcare industry, which is undergoing a digital transformation to make healthcare more accessible.
The KSA accounts for about 60% of the healthcare industry s revenue in the Gulf Cooperation Council (GCC). With rising awareness among consumers and the shortage of skilled resources, demand for technology and digitization in the healthcare industry is higher than ever. Upgrading healthcare infrastructure and investing in start-ups will open doors for competition and make quality healthcare more affordable.
Saudi Arabia Healthcare Industry Report 2021: Strengthening Clinical Laboratory Infrastructure for Better Population Health Management
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Transcripts for FOXNEWS Fox News at Night With Shannon Bream 20210331 07:01:15
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February 23, 2021
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The central government and the Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a $304-million loan agreement to fund the Assam Intra-State Transmission System Enhancement Project
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The project aims to strengthen the state’s electricity transmission system by constructing 10 transmission substations and laying transmission lines with the associated infrastructure as well as upgrading 15 existing substations, transmission lines, the Ministry of Finance said in a statement. Additionally, the project will involve upgrading existing ground wire to optical power ground wire.
The total estimated cost of the project is $365 million, of which $304 million will be financed by AIIB while the Assam government will provide counterpart funding of $61 million. The loan comes with a 5-year grace period and a maturity of 24 years. One of the main reasons for the power-deficit scenario in Assam is the congestion of the electricity distribution and transmission