Randox in £6m health kits deal with Saudi Arabia
A medical diagnostics company in Co Antrim today has announced a £6m deal with the Saudi Arabian government.
Randox Laboratories in Crumlin will supply lab equipment to the Saudi Ministry of Health in one of the company's most lucrative deals ever.
The company will deliver 50 kits for the analysis of blood to hospital laboratories around Saudi under the arrangement.
It is worth at least £6m over the next five years.
Managing director Dr Peter Fitzgerald said the Saudi deal would allow for reinvestment in the business. Dr Fitzgerald added that the success of the G8 Summit in Co Fermanagh last week – and Randox's latest deal – demonstrated that Northern Ireland was "open for business".
"Randox technology developed in County Antrim is recognised across the globe as revolutionary and of the highest quality, helping save lives every day.
"The e deal with the Saudi Ministry of Health is further recognition of the quality of our products."
He said the company committed at least a quarter of all revenue to research and development, keeping it "ahead of the competition".
Graeme McNeill, a global manager for Randox, said the Saudi commission was a major coup for the firm.
"Randox analysers are used in every corner of the globe, from the veterinary laboratories at Kruger National Park in South Africa, to the heart of research at Harvard University.
"Adding the Saudi Ministry of Health to our extensive list of customers only strengthens our reputation."
The company said Mr McNeill was in Dubai for the annual conference of Middle East and Africa Distributors' Conference.
Mr McNeill and the Randox team then travel to India, where Randox operates a manufacturing facility in Bangalore.
The company said it will seek out new business in New Delhi, Hyderabad and Kolkata during a 10 day tour of India.