External economic environment on the project, International Economics

Assignment Help:

The external economic environment could have implications for the project in various areas.

There is no tax in Saudi Arabia; this is a significant political effect on the project that would attract investors from all over the world. In fact, this can be an advantage to project. Moreover, the government of Saudi Arabia encourages projects that support the objectives of the government. Probably the project will support the economy of Jeddah and the economy of the   country. The country's economy might do well compared with other Gulf States (Oman, Kuwait, Qatar, and Bahrain), and will boost the economy through this type of project.

       In the socio-cultural field, there will be a strong impact of this project to change the style and method of treatment in this city, and perhaps in the entire country. Treating mind, body, and soul will attract patients from different country, and Jeddah  will become a multicultural city; this will have an effect on Saudi culture.

      The project uses advanced technology and it is unique in the Middle East; this will help the project to have a non-direct announcement by the people. Environmentally, the project used a solar energy system in part of the building, reducing the air pollution problem in Jeddah. The government has enacted strict laws to reduce medical errors, thus making the project use high technology and high service to reduce these errors.

      Global competition, cost advantages, and government influence have clear impact on the International Medical Center.

       There are three aspects of convergence between the markets to be covered. First is high quality service and meeting patient needs, and this project focuses on serving  a large group of people, so it will look unique in every way. All this puts IMC under pressure to provide high quality services and advanced medical technologies. In addition, international patients who come for treatment at IMC and expect high quality care find that IMC meets their level of expectations. On the other hand, IMC will be affected by the Saudi Arabian government focusing on the health service and provide more advertising, which helps to attract new customers, thereby providing special offers to insurance companies that have big contracts with companies, for instance, Armco, to be investors in IMC and support it. Cost advantage and price controls will have an impact on attracting different segments of customers. The impact of government will be in favor of this project, because the government of Saudi Arabia encourages the health sector and outstanding projects. Global competition puts IMC under pressure to have high quality service and use advanced medical technology. 

        The high proportion of diabetics in Saudi Arabia has motivated the International Medical Center to open a specialized department for treatment of diabetes.


Related Discussions:- External economic environment on the project

Explain black-scholes european call option pricing formula, Problem: a)...

Problem: a) Write down and explain the Black-Scholes European call option pricing formula. Discuss how call prices it delivers change with each of the inputs to the calculatio

Terms of trade, Difference between net barter terms of trade and gross bart...

Difference between net barter terms of trade and gross barter terms of trade

Evaluate how homes macroeconomic policies affect foreign, Q. Imagine a wor...

Q. Imagine a world with two large countries, Home and Foreign. Evaluate how Home's macroeconomic policies affect Foreign. Compare the small and the large country cases; consider

Law of demand, Explain the law of demand. Briefly discussed the exception t...

Explain the law of demand. Briefly discussed the exception to the law of demand

Financial resources, Financial Resources: The first investor is the Fitaih...

Financial Resources: The first investor is the Fitaihi Company under the leadership and technical and medical assistance of Dr. Walid Fitaihi, who was then joined by other investo

Who is liable for discrimination?, een subject to a discrimination complain...

een subject to a discrimination complaint as a result of their recent recruitment campaign- They told the recruitment agency that they were looking for ‘young women with flair'' to

English, what is international economics ,why we study ,bebifits of interna...

what is international economics ,why we study ,bebifits of international economics ,which other is best for hhis ?

Concept of comparative advantage, The Concept of Comparative Advantage is e...

The Concept of Comparative Advantage is explained below: To illustrate the concept of the comparative advantage, we take the instance of two equi-sized equi-endowment countries

Effects of the reunification of eastern and western germany, Q. Sho...

Q. Show the effects of the reunification of eastern and western Germany in 1990 on both Germany and its neighbouring European countries using the AA - DD framework. A

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd