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Korean consortium to provide medical IT system to Saudi Arabia
By Korea HeraldPublished : June 30, 2014 - 19:34
The Seoul National University Bundang Hospital and SK Telecom Co. said Monday their consortium succeeded in clinching a deal to provide a medical information system to Saudi Arabian hospitals.
The deal, worth 70 billion won ($69.1 million), was struck with Saudi Arabia’s Ministry of National Guard to provide the system to six hospitals over the next two years. The South Korean partners will also establish a joint venture with the ministry to expand sales to other countries in the Middle East. The deal is expected to bring some 300 billion won in sales over the next five years.
The consortium said the deal is attributable to the hospital’s know-how in the technologies related to medical systems, along with SK Telecom’s strong market recognition in Saudi Arabia, which helped it compete against rivals from the United States and Europe.
The deal marks the first of its kind for South Korea, the consortium officials said. (Yonhap)
The deal, worth 70 billion won ($69.1 million), was struck with Saudi Arabia’s Ministry of National Guard to provide the system to six hospitals over the next two years. The South Korean partners will also establish a joint venture with the ministry to expand sales to other countries in the Middle East. The deal is expected to bring some 300 billion won in sales over the next five years.
The consortium said the deal is attributable to the hospital’s know-how in the technologies related to medical systems, along with SK Telecom’s strong market recognition in Saudi Arabia, which helped it compete against rivals from the United States and Europe.
The deal marks the first of its kind for South Korea, the consortium officials said. (Yonhap)
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Articles by Korea Herald
