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Saudi Medical Industry Seeks African Market

Saudi Medical Industry Seeks African Market

Saturday, 9 November, 2019 - 10:30
Saudi Export Development Authority (SEDA) logo
Riyadh - Asharq Al-Awsat
The Saudi Export Development Authority (SEDA) wants to promote the medical and health industries in the Kingdom, this time, through an African Conformity Conference.

SEDA announced its participation in a trade mission consisting of 15 Saudi companies specialized in pharmaceutical industries and medical devices at the annual African Business Forum held in the Senegalese capital, Dakar, which concluded on Friday.

The Forum is considered one of the most prominent trade events in Africa specialized in the field of medical equipment and pharmaceuticals.

The Saudi participation in the forum comes within SEDA’s keenness to open new international markets for the Saudi product and organize direct business meetings with importers around the world.

The Authority stressed that the growing interest in African markets for pharmaceutical products and medical devices is in line with the competitive advantage gained by the pharmaceutical industry in Saudi Arabia.

It noted that the Saudi medical industry reached over 65 countries around the world with an export volume of $426.6 million in 2018, and a total of $2.2 billion over the last five years.

During the Forum, 15 Saudi companies showcased their pharmaceutical and medical products to delegations and trade missions from 13 African and Arab countries such as Tunisia, Mali, Cote d'Ivoire, Senegal, Mauritania, Nigeria and other countries with promising commercial markets.

SEDA increased its participation in conferences and major economic and trade events around the world as one of the innovative solutions to promote the quality of the national product and the development of human competencies in the field of export.

The Saudi Exports Development Authority is an independent national authority that seeks to develop Saudi non-oil exports. The Authority hopes to do this by achieving three strategic themes in the Saudi export ecosystem including enhance SME export readiness, generate opportunities for export-ready businesses, and advocate ecosystem efficiency and international market access.

The Authority also provides incentives to exporters and facilitates opportunities and markets appropriate for enterprises. It also facilitates linking exporters with buyers and potential partners to contribute to Vision 2030 targets related to raising non-oil exports from 16 percent to 50 percent of GDP.

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