Over SAR50 Billion Worth Of Health Investments Launched At Global Health Exhibition In Riyadh

Saudi Arabia's Minister of Health, Fahd bin Abdurrahman Al-Jalajel, announced the launch of healthcare investments exceeding 50 billion Saudi riyals at the Global Health Exhibition. The seventh edition of the prestigious event, under the slogan "Invest in Health," will continue until October 23. The event aligns with Saudi Vision 2030 and showcases Saudi Arabia's progress in the healthcare sector.

During the opening of the event, Fahd bin Abdurrahman Al-Jalajel highlighted the World Health Organization's (WHO) recognition of Saudi Arabia for eliminating trans fats from food products, positioning the country at the forefront of countries achieving this milestone. The minister also praised WHO's declaration that Saudi Arabia has achieved maturity level four (ML4) for medicines and vaccines regulation.

The Minister of Health also noted the growth in Saudi Arabia’s private health insurance sector, which has expanded from 3 million insured individuals in 2011 to over 12 million by the end of 2023, with a market size of up to 40 billion Saudi riyals. Fahd bin Abdurrahman Al-Jalajel stated that the ministry is pursuing two parallel tracks to elevate the excellence of national healthcare professionals. The first track focuses on investing in Saudi talent through the expansion of Saudi Board seats and the enhancement of training and localization programs. The second track aims to improve partnerships and attract global experts to work alongside skilled Saudi professionals. He highlighted that the country has granted premium residency to over 2,600 exceptional healthcare professionals.