From Lab to Market: Saudi Health Research Charts New Investment Path

Innovation and modern technologies are expanding investment opportunities in Saudi Arabia’s healthcare sector. (SPA)
Innovation and modern technologies are expanding investment opportunities in Saudi Arabia’s healthcare sector. (SPA)
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From Lab to Market: Saudi Health Research Charts New Investment Path

Innovation and modern technologies are expanding investment opportunities in Saudi Arabia’s healthcare sector. (SPA)
Innovation and modern technologies are expanding investment opportunities in Saudi Arabia’s healthcare sector. (SPA)

Saudi health research is moving beyond laboratories and research centers into investment forums and international partnerships, emerging as a new driver of economic diversification.

Research shaped by the needs of patients in the Kingdom and fueled by expanding healthcare infrastructure and the rapid adoption of artificial intelligence and medical technology is linking better care to global investment and the localization of knowledge.

With investment opportunities across the healthcare sector estimated at 330 billion riyals ($88 billion) through 2030, medical research is gaining ground as a pillar of an innovation-driven health economy built on partnerships and technology transfer.

The shift comes as Saudi Arabia reshapes its healthcare system under Vision 2030, moving beyond a treatment-focused model toward a broader system that combines prevention, better quality of life, improved healthcare services and modern technology.

The Health Sector Transformation Program is driving the effort by developing hospitals, healthcare centers and emergency services, accelerating digital transformation, and improving access to and the quality of care.

The changes are opening the door for private companies and global businesses to help build healthcare capacity and develop solutions tailored to the local market.

Dr. Salem Assiri, chairman of the scientific committee of the Saudi Interventional Cardiology Society’s annual scientific conference, told Asharq Al-Awsat that medical specialties, including interventional cardiology, had advanced rapidly in recent years.

Many conditions that once required surgery — or had no available treatment — can now be treated through interventional cardiology procedures, he said.

Investment in health research is also an economic catalyst that can draw global companies to the Kingdom, Assiri added.

Modern technology

Speaking at the Saudi International Conference on Interventional Cardiology, Assiri said the latest technologies for treating coronary artery disease and implanting heart valves were now available in the Kingdom.

Saudi specialized centers seek to introduce new technologies as soon as they secure the required regulatory approvals, including from the US Food and Drug Administration, the Saudi Food and Drug Authority and other relevant international bodies, he said.

That ensures patients in the Kingdom can access the technologies in accordance with the highest medical standards.

Assiri said specialized conferences bring Saudi and international experts under one roof to exchange expertise and discuss the latest advances in interventional cardiology and heart valve implantation.

Artificial intelligence

Saudi medical professionals are on par with their international counterparts, Assiri said.

Such gatherings offer a valuable opportunity to draw on advanced expertise in artificial intelligence and modern medical technology, while discussing research focused on patients and the Kingdom’s healthcare system, he added.

The next phase will bring more studies rooted in Saudi Arabia’s healthcare environment and addressing the needs of patients in the Kingdom, stated Assiri. Several studies are already underway, with others expected to be launched from the region in the coming period.

The conference extends beyond scientific and medical issues, bringing together specialists and decision-makers from health and regulatory authorities, as well as representatives of public and private healthcare centers and insurance companies, he said.

Vision 2030

Such partnerships have become essential as the Kingdom pursues its Vision 2030 goals, he added, stressing that healthcare must be part of Saudi Arabia’s broader economic transformation.

The conference aims to promote the exchange of expertise and knowledge, support continuing medical education, and encourage scientific research and innovation.

The effort is intended to improve the quality of care and medical services while strengthening the Kingdom’s standing in the medical and research fields.

The Saudi Interventional Cardiology Society organizes the conference.

The society works to advance the specialty in the Kingdom by supporting training and medical education, encouraging scientific research, and strengthening cooperation among physicians and medical organizations in Saudi Arabia and abroad.

Its work seeks to improve treatment outcomes for heart patients and raise the standard of healthcare services nationwide.



Riyadh to Add 94 New Trains to Boost Transport Capacity

A Riyadh Metro train travels through the Saudi capital. (SPA)
A Riyadh Metro train travels through the Saudi capital. (SPA)
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Riyadh to Add 94 New Trains to Boost Transport Capacity

A Riyadh Metro train travels through the Saudi capital. (SPA)
A Riyadh Metro train travels through the Saudi capital. (SPA)

The Royal Commission for Riyadh City has signed contracts to procure and manufacture 94 new trains for the capital’s metro network, increasing its fleet to 277 from 183, with deliveries scheduled to begin in batches in 2028.

The new trains are expected to boost the network’s overall passenger capacity by 57%, with increases varying by line: 142% on the red line, 116% on the yellow line, 57% on the blue line, 27% on the orange line and 16% on the purple line. Additional capacity will be allocated according to ridership and projected demand.

The expansion comes as the Riyadh Metro has recorded about 275 million passenger trips since December 2024. Average monthly ridership in 2026 has risen by around 25% compared with the same period in 2025.

The investment is intended to accommodate anticipated growth in travel demand as Riyadh expands and prepares to host major international events, including Expo 2030 and the 2034 FIFA World Cup.

Germany’s Siemens and France’s Alstom are carrying out the contracts, which are worth more than $5 billion in total and cover train manufacturing, systems and equipment, maintenance, training and other technical and operational services.

The trains will be delivered in stages as manufacturing is completed, then undergo testing and operational trials before gradually entering service.

The investment is part of broader efforts to develop Riyadh’s transport infrastructure, including public transit, roads and intersections, to meet the needs of the capital’s growing population and urban expansion.


Copper Steadies as Dollar Strength Counters Chile Supply Worries

Stacks of copper cathodes sit inside Glencore's Canadian Copper Refinery in Montreal, Quebec, Canada on October 3, 2026. (Photo by ANDREJ IVANOV / AFP)
Stacks of copper cathodes sit inside Glencore's Canadian Copper Refinery in Montreal, Quebec, Canada on October 3, 2026. (Photo by ANDREJ IVANOV / AFP)
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Copper Steadies as Dollar Strength Counters Chile Supply Worries

Stacks of copper cathodes sit inside Glencore's Canadian Copper Refinery in Montreal, Quebec, Canada on October 3, 2026. (Photo by ANDREJ IVANOV / AFP)
Stacks of copper cathodes sit inside Glencore's Canadian Copper Refinery in Montreal, Quebec, Canada on October 3, 2026. (Photo by ANDREJ IVANOV / AFP)

Copper prices ‌held nearly steady on Tuesday as a strong US dollar countered support from supply concerns in top producer Chile.

Benchmark three-month copper on the London Metal Exchange was little changed at $14,628.00 a metric ton by 0700 GMT, after hitting a two-week high in the previous session, said Reuters.

The most-traded copper contract on the Shanghai Futures Exchange edged 0.2% higher to 110,990 yuan a ton.

The dollar took ‌a breather ‌but hovered near an 18-month high, ‌underpinned ⁠by safe-haven demand ⁠amid escalating tensions in the Middle East. A stronger greenback makes dollar-denominated metals more expensive for holders of other currencies.

Supply concerns remained in focus after Chilean state miner Codelco partially suspended operations at its El Teniente mine following a landslide, ⁠while Antofagasta's Centinela copper mine and two ‌unions were set ‌to resume talks as a strike continued.

Copper inventories outside ‌the United States have declined in recent ‌months as shipments were diverted to the country ahead of potential tariffs on refined copper imports.

Analysts at BMI raised their average copper price forecast for 2026 ‌to $13,500 per ton from $12,700, citing tariff-related market distortions and persistent supply constraints.

"For the ⁠remainder ⁠of the year, prices are set to oscillate sharply in response to tariff-policy headlines, with the eventual US decision likely to dictate near-term price direction," BMI said.

Among LME metals, aluminium was down 0.4% at $3,039 after touching an eight-month low on Monday, zinc lost 0.7% to $3,729.50, lead rose 0.4% to $1,891, nickel gained 0.2% to $15,640 and tin eased 0.6% to $52,870.

Among SHFE metals, aluminium slipped 1.1%, zinc fell 1.7%, lead rose 1.3%, nickel dipped 0.1% and tin dropped 0.4%.


IMF Forecasts Saudi Economy to Grow 7.9% in 2027

General view of the Kingdom Tower in downtown Riyadh, Saudi Arabia, October 12, 2026. Picture taken with a mobile phone. REUTERS
General view of the Kingdom Tower in downtown Riyadh, Saudi Arabia, October 12, 2026. Picture taken with a mobile phone. REUTERS
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IMF Forecasts Saudi Economy to Grow 7.9% in 2027

General view of the Kingdom Tower in downtown Riyadh, Saudi Arabia, October 12, 2026. Picture taken with a mobile phone. REUTERS
General view of the Kingdom Tower in downtown Riyadh, Saudi Arabia, October 12, 2026. Picture taken with a mobile phone. REUTERS

The International Monetary Fund (IMF) expects the Saudi economy to record strong growth of 7.9 percent in 2027, reflecting a projected recovery in energy production and exports, as well as the gradual restoration of regional trade flows as war-related disruptions ease and the Strait of Hormuz reopens under the report’s baseline scenario.

The forecast highlights the Saudi economy’s ability to regain momentum after the pressures caused this year by disruptions to energy production and transportation. Saudi Arabia is expected to benefit from its diversified oil export routes and infrastructure, which allow part of its exports to be shipped via the Red Sea rather than through the Strait of Hormuz.

In its October World Economic Outlook, the IMF projected that Saudi Arabia’s economy would contract by 3.3 percent in 2026 before rebounding to 7.9 percent growth in 2027.

In its April forecasts, the Fund had expected growth of 3.1 percent in 2026 and 4.5 percent in 2027, reflecting a significant shift in projections due to developments in the conflict and assumptions regarding the resumption of economic activity.

Export Infrastructure Supports Economic Resilience

Saudi Arabia benefits from alternative oil-export outlets, most notably the East-West Pipeline, which transports crude oil from the Eastern Province to the Red Sea port of Yanbu with a capacity of approximately 7 million barrels per day.

The Kingdom aims to raise pipeline capacity to 10 million barrels per day, enhancing the flexibility of its export system in the face of maritime disruptions.

These alternatives strengthen Saudi Arabia’s ability to mitigate the impact of shipping interruptions on oil flows. Under the IMF’s forecasts, the gradual recovery of production and exports is expected to support economic activity next year.

Gulf Recovery Driven by Rebound in Energy Production

The strong growth forecast is not limited to Saudi Arabia. The IMF also expects several Gulf economies to recover sharply in 2027 as production, exports, and logistics services rebound.
Projected growth rates for 2027 are Qatar 18.8%, Kuwait 17.1%, Bahrain 13.9%, the United Arab Emirates 7.7% and Oman 2.2%.

These forecasts follow severe pressure during 2026, when the IMF expects Kuwait’s economy to contract by 16.7%, Qatar’s economy by 15.6%, Bahrain’s economy by 11.3% and the UAE economy to contract by 3.9%.

Meanwhile, Oman is expected to achieve growth of 4.1 percent in 2026.

The IMF’s baseline scenario assumes that the Strait of Hormuz will begin reopening in March 2027, with a broad return to pre-war conditions by October 2027. This would allow energy flows, shipping, insurance services, and payment systems to recover gradually.

The pace of this recovery remains dependent on the course of the conflict and the stability of maritime navigation. Nevertheless, Saudi Arabia’s diversified export routes provide an important buffer, enhancing the economy’s capacity to absorb shocks and restore growth as regional conditions improve.