RIYADH, Oct 30 (Arab News): Almost 4,000 new healthcare jobs are set to be created in Saudi Arabia after the Ministry of Investment signed eight memorandums of understanding, valued at SR4 billion ($1.07 billion), with seven international and local companies.
These MoUs, inked during the Global Health Forum in Riyadh on Sunday, are expected to facilitate Saudi Arabia's pursuit of self-sufficiency in the sector.
These agreements will lead to the localization of the supply chain for advanced medical devices, encompassing sensors, stents and sutures. This supply will also include prosthetics, orthopedic devices, and wound care solutions, as reported by the Saudi Press Agency.
The report further noted that these MoUs are expected to generate 3,800 job opportunities within the Kingdom.
At the forum, Saudi Arabia also unveiled its plan to introduce comprehensive state-funded insurance coverage for all citizens by 2026, aligning with the goals outlined in Vision 2030.
The National Insurance Program, as revealed by Saudi Arabia's Health Minister Fahad Al-Jalajel during the Global Health Forum, won't necessitate annual renewal and will ensure lifelong coverage for all citizens, reported the SPA.
Furthermore, the scheme will not impose a specific ceiling, eliminating the need for prior approvals and streamlining the process for beneficiaries. In the same event, the health minister also unveiled investment opportunities in the healthcare sector, estimating a total of SR330 billion until 2030.
Al-Jaleel added that the sector's contribution to the Kingdom's gross domestic product will reach SR318 billion by 2030.
Saudi investment ministry signs eight MoUs
FE Team | Published: October 30, 2023 23:24:17
Saudi investment ministry signs eight MoUs
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