NUPCO procurement exceeds SAR 25B annually: CCO
In an interview with Argaam at the PIF Private Sector Forum, Al-Ghamdi indicated that the agreements signed by the company during the forum included three financial agreements with a total value of SAR 2.5 billion, including a deal worth SAR 500 million with Banque Saudi Fransi (BSF), FAB Bank KSA (SAR 1 billion) and Taameed Co. (SAR 1 billion).
He further stated that these agreements aim to facilitate obtaining the necessary financing by suppliers, especially SMEs, to enhance their investments in the sector, and achieve greater flexibility in cash flows.
NUPCO has an advanced infrastructure that includes seven main logistics centers with a storage capacity of up to 430,000 square meters. It seeks to develop its warehouses and introduce automated storage systems to improve the efficiency of distribution operations and ensure the availability of medicines and medical supplies by 100%, while reducing the time required for delivery and increasing accuracy in inventory management, according to the CCO.
Al-Ghamdi also stated that the "Wasfaty" platform, managed by NUPCO, has contributed to facilitating patients' access to their medicines, as it currently serves more than 15 million patients and includes more than 5,500 pharmacies.
NUPCO also signed an agreement with the "Foras" platform to support suppliers' access to investment opportunities, in addition to five agreements with logistics companies, including DHL, Aramex, Samsa and UPS, to improve distribution efficiency and ensure the delivery of medicines and medical supplies to all regions of the Kingdom, said the executive, noting that these partnerships help boost the company's ability to cover 97% of the regions of the Kingdom, while ensuring the speed and efficiency of delivery to hospitals and pharmacies.
He added that NUPCO is studying opportunities for expansion outside Saudi Arabia in the future, especially in light of the Kingdom's preparations to host major events such as Expo 2030 and the 2034 World Cup.
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