Saudi healthcare expenditure forecast to exceed $23b in 2012

Officials of INFINITT Healthcare and EJADA Systems Company Limited pose for a group photo after the signing of agreement.

RIYADH — Healthcare expenditure in Saudi Arabia will exceed $23.4 billion in 2012, driven by aggressive investments in state-of-the-art healthcare infrastructure and the latest advances in medical technology by the government and the public sector, Alpen Capital said in a report.

Capitalizing on the rising healthcare spending, INFINITT Healthcare, a global leader in the healthcare IT industry, has recently assigned EJADA Systems Company Limited (EJADA), a leading IT services & solutions provider in the Middle East & North Africa and one of the top five IT main players in Saudi, as the sole distributor in Saudi Arabia of INFINITT’s cost-effective, state-of-the-art medical imaging and information solutions.

The partnership is expected to complement the sustained growth of KSA’s healthcare sector by providing better access to a wide range of world-class medical technologies, while expanding both parties’ presence in the lucrative Saudi market.

Sun Joo Lee, president & CEO of INFINITT, said: "For over 15 years, INFINITT Healthcare has always proved to be among leading industry players worldwide, and through this agreement, we are eyeing further development and rapid expansion throughout the promising local market of Saudi Arabia".

Fawaz Abou-Nasr, Executive Vice President of EJADA, said: "EJADA’s partnership with INFINITT is a reaffirmation of our commitment to actively support the ongoing modernization of KSA’s health infrastructure & services, also to open a new gateway for healthcare institutions in the country to access state-of-the-art medical technologies and value-added services. We are fully prepared to deliver world-class healthcare solutions, products and services.” — SG