The Middle Eastern healthcare sector is booming, prompting investors to look beyond their own region for technology and innovation that could help with the development and expansion of medical services within the Middle East. With major healthcare projects like the Middle East Healthcare Company (MEAHCO) raising 3.2 billion USD from an initial public offering, with…
KBW Investments, which was founded and is chaired by Prince Khaled bin Alwaleed bin Talal of Saudi Arabia, has recently partnered with Ascorel Group, a French technology company, to launch Ascorel Middle East. Ascorel specialises in technology designed to enhance the safety and control of civil engineering machines, lifting equipment and firefighting equipment. Its products…
2016 is shaping up to be an excellent year for the US tech sector, with US startups receiving a massive 15.3 billion USD in investment from venture capitalists in the first quarter of this year alone. This represents a 20 percent increase over the first quarter of the year, although the number of deals dropped.…
Recent figures from research and consulting firm GlobalData shows that the Saudi pharmaceutical market will grow from an estimated 4.5 billion USD in 2015 to a whopping 6 billion USD by 2020. Saudi Arabia already boasts one of the largest pharma markets in the Middle East, with population growth driving increasing demand for cutting-edge, efficient…
The member states of the GCC – Saudi Arabia, Oman, Bahrain, Kuwait, Qatar and the United Arab Emirates (UAE) – are investing heavily into healthcare ventures to support the increasingly varied healthcare needs of their rapidly growing populations. In the UAE, the government is looking to make the most of the country’s predicted medical tourism…
According to a recent projection by analyst firm Gartner, governments across the Middle East and North Africa will spend 11.5 billion USD on information technology this year – a 2 percent increase over the 2015 expenditure figure. Though 2 percent does not necessarily represent a massive boost, the figure itself is significant in that highlights…
In a sign that China’s dedication to boosting its domestic healthcare industry remains as strong as ever, three Chinese investment firms have recently announced a 150 million USD investment in CStone Pharmaceuticals Co., Ltd., a bio-pharmaceutical company that is developing new treatments for major diseases. The research-based company was founded in Shanghai and Suzhou. Its…
Following Saudi Arabia’s recent 3.5 billion USD investment in Uber Technologies Inc., Middle Eastern investors are looking for viable tech investment opportunities abroad to capitalise on the rapid rise of tech startups like Uber and Lyft. Although Middle Eastern economies continue to suffer the lingering effects of the recent drop in oil prices, Middle Eastern…
As Middle Eastern economies continue to diversify away from oil in the wake of the oil price crash, investors in the region are also ramping up their investments into alternative energy and cleantech. HSBC Holdings Plc. estimates that 80 trillion USD in financing will be required to wean the world’s economy off fossil fuels, and…
There is a healthcare revolution taking place in the Middle East, with investors in the region increasingly pursuing opportunities in pharmaceuticals, medtech, home healthcare services and a variety of other healthcare subsectors. This is most evident in terms of regional investment and the rapid expansion in the region’s healthcare sector. For example, home care provider…