Argentina is investing over 20 Billion USD in the upgrades of 19 airports; Brazil raised 1.2 billion USD in its auction of four airports and is planning to privatize all 54 airports; at the same time Mexico is constructing one of the biggest airports in the world, Panama is expanding heavily the international airport of Tocumen and Colombia is planning a new international airport in its capital. Airport construction, upgrade is going at a rapid pace in Latin America and lots of investments are planned for the coming years.
At the 4th Annual Latin America Airport Expansion Summit, government officials, investors, airport management groups and civil aviation authorities will go in discussion with consultants, architects, construction companies, equipment providers and service groups, in order to better explore the market and support the project development.
2nd Latin America Hotel Expansion Summit
After a successful first edition of the Latin America Hotel & Resort Expansion Summit in Cartagena, Colombia in March 2017, Lnoppen will host its 2ndedition of the conference end of February 2018 in San José, Costa Rica. Costa Rica has proven to be one of the best countries in the region when it comes to investment opportunities, with a stable government pushing for tourism and hospitality investment.
Costa Rica recorded the strongest growth within Central America and according to the Costa Rican Tourism Institute, 11 new hotels with 696 rooms will have opened by end 2017, with an estimated investment of 149 million USD. In the coming years, big hotel chains such as Hilton, Hard Rock, Four Seasons have several more hotel openings and Latin America’s Premier Residential and Resort Destination, Papagayo Peninsula will undergo initial capital improvements as part of a major transformation worth 100 million USD.
Ofcourse, the Latin America Hotel & Resort Expansion Summit being a regional summit, attention will also be given to other well established and upcoming hospitality markets such as Mexico, Peru, Colombia and Argentina, among others.
The 2nd Latin America Hotel & Resort Expansion Summit will bring together local and international stakeholders, hotel chains, operators, developers, architects, consultants and equipment plus solution providers to discuss the latest trends and explore the opportunities.
5th Annual Africa Hotel Expansion Summit
The tourism industry continues to be one of the fastest-growing and most vibrant sectors of Africa’s economy. According to W Hospitality Pipeline Report 2017, Africa has 417 Hotels with 72,816 Rooms in the pipeline with Egypt, Nigeria, Ethiopia, Angola, Morocco, South Africa, Kenya, Algeria, Cape Verde and Tunisia being the Top 10 destinations by pipeline status.
Ethiopia is one of the more diverse economies that has seen continued growth: we see Ethiopian Airlines` expanding footprint on the continent as well as the continuous infrastructure investments that are boosting the country`s hotel development.
Noppen`s 5th Annual Africa Hotel Expansion Summit will feature the most prominent industry leaders providing informative & inspiring discussions pertaining to the continent's current needs and it`s ambitious future.
Global and local leading operators, developers, investors, construction companies, architects, financial institutes, associations, consultants & solution providers will be invited to discuss projects, future investment possibilities, international stakeholder involvements, design trends and technology updates.
2nd Annual Latin America Rail Expansion Summit
On 10 & 11 May 2018, Lnoppen will hold its 2nd Latin America Rail Expansion Summit. Host venue will be São Paulo where Metro de São Paulo and CPTM have big plans for the metro and commuter rail network.
Elsewhere in Brazil, multiple light rail projects, metro upgrades and passenger rail networks are under construction. Together with Argentina, Brazil is taking the lead in rail infrastructure development.
Other countries are making a significant efforts to follow into their footsteps: Mexico, Colombia, Chile, Peru, Panama, … are planning new projects for metro, light rail, high speed rail, monorail and passenger trains, whereas Uruguay is focusing on the further development of its cargo rail network.
The 2nd Latin America Rail Expansion Summit will bring together local and international stakeholders, government officials, operators, developers, architects, consultants and equipment plus solution providers to discuss the current rail sector.
Video_2nd Latin America Hospital Expansion Summit
3 - 4 October 2017 | Sheraton Grand Panama | Panama City, Panama
At the 2nd Latin America Hospital Expansion Summit government officials, investors, operators, architects, health bodies, NGO`s & contractors met medical device suppliers, technology & service vendors, distributors, consultants, banks and regulatory bodies.
6th Annual Africa Airport Expansion Summit
Eight of the ten fastest growing aviation markets will be in Africa by 2034. IATA projects a 5.1% growth in passenger numbers across the region by 2035 where nearly 300 million passengers will travel to and from African destinations and as a result, airport development projects today are mushrooming across the continent. Majority of airports in Africa are undergoing expansion in a bid to cater for rapidly growing passenger and cargo traffic volumes.
At the 6th Annual Africa Airport Expansion Summit; government officials, investors, civil aviation authorities and airport management groups will go in discussion with consultants, architects, construction companies, equipment providers and service groups, in order to better explore the market and support the project development.
4th South-East Asia Port Expansion Summit
In 2016 the Straits of Malacca and Singapore saw a traffic increase of 3.4%, and this despite the challenges in the global shipping sector. 2017 onward one of world`s busiest shipping straits keeps attracting massive new port and logistics related investments from governments and the private sector.
Malaysia – via its National Logistics & Trade Facilitation Masterplan and the National Logistics Task Force – stresses development of infrastructure and freight demand aiming to increase cargo volume to 880 million tonnes with an annual growth of 8% in 2020 and beyond. In line with its ambitions, the Malaysian government has planned the Carey Island port project in Selangor to extend Port Klang’s reach and capacity, solidifying its position as one of the key hubs in Asia. Simultaneously multiple other port projects are in planning and construction phases in the country.
Singapore`s Tuas South project, Indonesia`s New Priok and Patimban Ports, Myanmar`s Dawei project, Thailand`s Laem Chabang expansion and Vietnam`s port privatization plans are among the many developments turning South-East Asia currently into the most eager region for the port sector.
At the 4th South-East Asia Port Expansion Summit, government officials, investors, port authorities and port & terminal operators from the entire South-East Asia region will go in discussion with consultants, architects, construction companies, equipment providers and service groups, in order to better explore the market and support the project developments. Topics will range from AMPC initiatives and impact of China`s Maritime Silk Road, to improvement in customs clearance, port management and operations, to the newest tech developments and how to cater to the new shipping alliances.
Latin America Solar Energy Development & Technology Summit
The focus on renewable energy is gaining unseen momentum in the Latin America region, spurred by tax reforms, economic recovery and partnerships with funds and development banks.
According to BNEF*, solar and wind – currently representing 4% in the electricity mix in Latin America- , will attain a 37% share in the electricity mix by 2040. Leading markets Chile, Brazil and Mexico are no longer alone, Argentina and Colombia are slated to be next in line, with Argentina`s regional market share in PV demand rising from 5% in 2017 to 14% in 2018**.
In Mexico PV power generation is expected to cover up to 43% of the country`s power capacity by 2040, creating a 40 GW market. Mexico is currently well on track to becoming the world`s 7th largest solar market in 2021. Within Latin America the country covers 46% of the PV demand in 2017 and has currently a contracted pipeline of 4256 MW and 658 MW under construction***.
At Lnoppen`s Latin America Solar Energy Development & Technology Summit, hosted on November 30th and December 1st 2017 in Mexico City, government authorities, institutes, utilities, developers, operators, technology providers, banks and EPC companies will be gathering to discuss the newest developments and innovations in place as well as the opportunities and future needs of technologies.
* BNEF Bloomberg New Energy Finance. | ** GTMResearch | *** GTMResearch
More info at: http://latam.solar.newenergydevelopmentsummit.com/
3rd Annual Latin America Airport Expansion Summit` Highlights
After a successful 2nd edition of the Latin America Airport Expansion Summit in Mexico, Lnoppen returned to Bogotá, Colombia for its 3rd edition, where expansion works of the current El Dorado airport are moving ahead and the plan for the new airport is getting more form every day.
At the Summit, government officials, investors, civil aviation authorities and airport management groups discussed with consultants, architects, construction companies, equipment providers and service groups, in order to better explore the market and support the project development.
Here is the highlights of the event:
The photos of the event can be found on our Facebook Page:
3rd Latin America Port Expansion Summit
After two successful editions of the Latin America Port Expansion Summit in Peru & Colombia; Lnoppen will host its 3rd edition this time in Mexico.
Mexico, being almost a continent on itself, has always been on the forefront with regards to new initiatives in the port sector and its commitment to free trade and port development .
At the launch of the new USD525 million APM Terminals-operated facility at Lazaro Cardenas, President Pena Nieto said Mexico was well on its way to doubling throughput from the 260 million tons a year handled at its ports when he took office in 2012.
With 92 ports and 15 terminals, upgrades, expansions and new projects are continuously being developed.
At the 3rd Latin America Port Expansion Summit; government officials, investors, port authorities and port & terminal operators will go in discussion with consultants, architects, construction companies, equipment providers and service groups, in order to better explore the market and support the project development.
More info at: http://latinamerica.portexpansionsummit.com/
Expansion Plans for African Airports
Rwanda is positioning itself towards becoming an aviation hub for the region with the government investing heavily in aviation infrastructure development. Rwanda has injected $19mn to the expansion of the Kigali International airport and $818mn for the construction of the new Bugesera airport. CNBC Africa spoke to industry experts on the side lines of the 5th Annual Airport Expansion Summit.
Indian medical tycoon keen to set up tertiary hospital in Ethiopia
An India-based hospital operator, Global Hospitals Group, has unveiled a plan to set up a USD 200 million Tertiary Referral Hospital in Ethiopia with state-of-the-art facilities and 500 beds, it was learnt. The letter goes on: “Our mission would be to set up, in a phased manner, up to 500 beds with an investment of USD 200 million. To this end, I would very much look forward to meeting with you and seeking your guidance in how to advance the establishment of this highly specialized hospital in Ethiopia which will also serve the region”. Source: http://builttocareghana.com/what-is-built-to-care/
India Health-Care Providers Look to Tap Africa ‘Growth Wave’
Cash-rich Indian hospital groups such as recently listed Narayana Hrudayalaya Ltd. are setting up operations in Africa to tap a growing stream of middle-class patients from the continent seeking quality health-care. With financing from Abraaj Group’s Africa Health Fund and the International Finance Corp., the Mumbai-listed group is partnering with Kenyan investors and will break ground on a 130-bed specialist cardiac hospital in the capital, Nairobi, in January. Another group of investors is joining forces with Gurgaon, India-based Medanta Hospital to set up a 200-bed facility in the East African nation.
Invigorating regional & district health care throughout Ghana with the delivery of six new hospitals
The Ghana Ministry of Health and NMS Infrastructure Ltd have invested $175 million for the delivery of six new district hospitals under its programme to invigorate regional and district health care throughout Ghana. New district hospitals will be developed in Dodowa, Sekondi, Kumawu, Abetifi, Fomena and Garu-Tempane. A seventh hospital – The European Hospital in the Takoradi Metropolitan District – will be upgraded and re-equipped.
Addis to get state-of-the-art medical city
Construction of a new hospital to be commissioned by the Ethio-American Doctors Group Inc. will be launched in 2017, the Group's Chief Operating Officer, Melaku Nigussie said. While briefing Foreign Minister Dr. Workneh Gebeyehu in Addis Ababa on the progress of the project, Melaku said the construction will consume100 million USD. The construction of the hospital, which will be laid on 150,000 hectares land in Addis Ababa, will be completed in three years, Melaku said. Saying the project, which was launched three years ago, delayed because of issues related to land, its construction will be completed within the timeframe. The hospital will have training and research centers, in addition to rooms for inpatients as well as families who take care of patients, dormitories for workers, and hostel. Source: http://www.ena.gov.et/en/index.php/social/item/2432-addis-to-get-state-of-the-art-medical-city
Iran allocates $1.4b for creating jobs in tourism, handicraft industry
“We are planning to create 140,000 jobs in these two fields with this budget,” the deputy director of Iran’s Cultural Heritage, Tourism, and Handicraft Organization (CHTHO) Bahman Namvar-Motlaq said on Tuesday. About 200 million rials (about $5,500) is needed for creating a single job in the field of handicraft and the figure is 700 million rials (about $20,000) for job creation in the field of tourism, he said. Previously, CHTHO Director Masoud Soltanifar announced that Iran will create some 140,000 job opportunities in the field of tourism by the end of the next Iranian calendar year (March 2018).
Mombasa-Nairobi Standard Gauge Railway Project, Kenya
Kenya Railways Corporation is developing a new standard gauge railway (SGR) line for passengers and cargo transportation between Mombasa, the largest port in East Africa, and Nairobi, the capital city of Kenya. The new railway line constitutes the first phase of the SGR project that aims to connect Kenya, Uganda, Rwanda and South Sudan. The Mombasa-Nairobi SGR is the biggest infrastructure project in Kenya since independence. It will shorten the passenger travel time from Mombasa to Nairobi from more than ten hours to a little more than four hours. Freight trains will complete the journey in less than eight hours.
Construction of the 609km-long line began in October 2013 and is scheduled to be completed by December 2017. At least 60 new jobs a kilometre of track or approximately 30,000 jobs are expected to be created during the construction. The Mombasa-Nairobi phase of the project is estimated to cost KES327bn ($3.8bn). China Exim Bank will provide 90% of the financing while the remaining 10% will be contributed by the Kenyan Government. China Road and Bridge Corporation, a subsidiary of China Communications Construction Co., was contracted to build the project according to Chinese railway design standards.
Bakhresa Group and Verde Hotels to Build Zanzibar’s Greenest Hotel
The Tanzanian based Bakhresa Group has appointed Verde Hotels from South Africa to develop and manage the total overhaul and upgrading of the old Mtoni Marine Hotel in Zanzibar, 2km from Stone Town. The brand new five star property will be known as Hotel Verde, Zanzibar's greenest hotel.
" We are serious about being the leaders of the Green Economy sector and therefore we approached the developers of Africa's Greenest Hotel, Verde Hotels to ensure that Hotel Verde Zanzibar will be the Greenest hotel in East Africa" stated Mr. Said Salim Awadh Bakhresa, Chairman of the Bakhresa Group.
Cybersecurity start-up Darktrace raises $65 million backed by KKR
Cybersecurity start-up Darktrace raises $65 million backed by KKR [read more]
Carlson Rezidor Accelerating Growth Strategy in Africa
Carlson Rezidor is accelerating its growth strategy in Africa. The group has opened five Radisson Blu hotels in the first six months of 2016 and signed four new hotels including the first Quorvus Collection in Africa. The group is also entering its 28th country in Africa and taking the Park Inn by Radisson brand to the Indian Ocean islands.
In 2016, Carlson Rezidor Hotel Group opened five Radisson Blu properties serving the upper-upscale segment: Radisson Blu Hotel Nairobi Upper Hill in Kenya (271 rooms); Radisson Blu Hotel, Marrakech Carré Eden in Morocco (198 rooms); Radisson Blu Residence with 187 luxury hotel apartments in Maputo, Mozambique (the group’s first residence concept in Africa); Radisson Blu Hotel Abidjan Airport, Ivory Coast (261 rooms) and Radisson Blu Hotel 2 Février in Lomé (320 rooms)….
Business travelers putting organisations' cyber-security at risk
Business travelers putting organisations' cyber-security at risk [read more]
Kwara State Health Insurance Programme Wins FT/IFC Transformational Business Awards
The Financial Times and the International Finance Corporation has presented to the Kwara State Health Insurance Programme (KSHIP) the 2016 FT/IFC Transformational Business Award for Achievement in Sustainable Development: Maternal and Infant Health, in London, recently. In the words of the FT/IFC judges, the programme is “filling a tremendous systemic need for access to quality healthcare for women and children by forging partnerships with government, foundations, the private sector and the healthcare community.” [read more]
Four Points by Sheraton to open in Tanzania
Starwood Hotels & Resorts, Europe, Africa and Middle East president Michael Wale said: “The entry of Four Points to Tanzania is a milestone addition to our rapidly growing footprint in Africa and reflects the strong traction the brand has gained in the region.
“Tanzania has long been on travelers’ bucket list and Four Points by Sheraton is reinventing travel by offering guests exactly what they need while on the road,” Wale added. [read more]
AdP will invest US $ 124 mlls. In Chiclayo and Piura airports
AdP will invest US $ 124 mlls. In Chiclayo and Piura airports (Spanish) (Read More)
Major Boost for Port of Maputo Dredging Project
The dredging operations on the access channel to the Port of Maputo have received a major boost with the arrival of the Van Oord’s trailing suction hopper dredger (TSHD) HAM 310. The Jan De Nul’s TSHD De Lapérouse, which started the channel dredging work on May 21, is currently working 24/7 in this area to ensure a fast and efficient work. Several dredgers and supporting equipment have also been mobilized for this dredging scheme.
Gov’t of Ghana commission the largest hospital in south sahara Africa
The government of Ghana will in August this year commission the largest medical facility in south Saharan African region.
The 617-bed facility is expected to provide cutting-edge medical training for about 1,000 medical doctors, 3,000 nurses and other health professionals to improve the doctor-to-patient ratio and serve as a research centre for various health professionals.
Work on the $217-million University of Ghana Teaching Hospital (UGTH) is 85 per cent complete as at the going to press. [read more]
Psychiatric Hospital To Break Ground In Turkey
Renaissance Healthcare Investment plans to begin construction on a 100-bed, high-security psychiatric hospital in Adana, Turkey, in early April. The project, which was designed by Perkins+Will’s Washington, D.C. office, is scheduled to be completed in spring 2018. Design development will take place by a local architecture firm in Turkey. [read more]
Billions of investment dollars to flow into Turkey’s city hospitals
Sabah – Turkey’s public-private-partnership (PPP) model healthcare projects, dubbed the “city hospitals,” are to receive significant amounts of invesment in the coming years, according to Turkey’s Minister of Health, Mehmet Muezzinoglu. Speaking at the PPP Healthcare Summit held in Istanbul, Muezzinoglu said that 32 city hospital projects would be operational by 2018.
“17 of the tendered city hospital projects will be built at a cost of USD 10 billion. The tender process is ongoing for projects in Urfa, Denizli, Kütahya, Denizli, Samsun, and Tekirdag. 10 more projects are awaiting approval,” the Minister of Health stated.
“Turkey aims to increase the hospital bed capacity to 28 per 10,000 in population by 2018, and to 30 by 2023,” Muezzinoglu said, noting that among the country’s centenary targets was the goal of reaching 175,000 hospital beds. The investment total of the envisioned PPP projects to be realized in Turkey’s healthcare sector is expected to hit USD 200 billion by 2023.[read more]
Armenia confirms ongoing role for nuclear
Armenia’s prime minister has confirmed a 10-year life extension of the country’s only operating nuclear power plant and that negotiations are being held on the construction of new nuclear capacity. [read more]
New material promises 120-year reactor lives
A new ‘ultra pure’ nickel alloy has been used to create a reactor vessel, which Rosatom says could potentially last 120 years. In a nuclear power plant the reactor pressure vessel contains the reactor core itself, demanding the highest resilience to temperature, pressure and radiation, while the component sits low in the reinforced centre of the concrete reactor building and is one of the only major components that cannot be replaced. [read more]
"New Energy" Vehicle Mandate Boosts China EV Prospects
Investors are anticipating a pick-up in China's production and sales of electric vehicles (EVs), taking a cue from a series of new central government policies aimed at reducing carbon emissions and air pollution. Their hopes and expectations were given another boost this past Tuesday, July 13, when the Chinese government announced a "new energy" vehicle mandate requiring at least 30% of new vehicle purchases by local governments and public institutions from 2014-2016 be EVs or other new energy vehicles.
China has vaulted ahead to become the world's largest auto market, as well as the world's largest auto manufacturer, over the past decade. The combination of coal-fired power generation and rapidly rising carbon emissions from vehicles has left Chinese citizens across the country's eastern half subject to a toxic miasma of air pollution, however.
Cleaning the air
Keenly aware of growing public concerns and discontent as well as the health threats posed, China's central government has enacted a series of measures to reduce carbon emissions and air pollution. These include instituting a lottery system that strictly rations new car sales, from which EVs and other "new energy" vehicles, including plug-in hybrid electrics (PHEVs) and fuel cell electric vehicles (FCEVs), are exempt. New energy vehicles are also exempt from a tax on new car purchases.
Adding to the clean, alternative fuel vehicle incentives, government subsidies can cover as much as half the cost of an EV purchase. The Chinese government is also removing heavier polluting older cars from Chinese roads. As many as six million could be taken out of circulation, according to one news report. Government authorities in Beijing also have restricted vehicle access into the city center during rush hours.
Taking another step to follow through on its latest five-year plan target of producing 5 million EVs by 2015, China's national government on July 13 announced that at least 30% of new vehicles purchased by local governments, public institutions and publicly funded organizations must be EVs or other new energy vehicles, according to a Xinhua English news report.
EV and new energy vehicle incentives
The new energy vehicle mandate initially extends across China's three principal urban and economic centers, which also happen to have the worst air quality: Beijing-Tianjin-Hebei, the Yangtze River Delta, which includes Shanghai; and the Pearl River Delta, which includes the southern Chinese cities and manufacturing centers of Guangzhou and Shenzhen. To support implementation, the Chinese government will subsidize purchases of new energy vehicles with prices under 180,000 yuan (US$29,000).
It has also directed local governments to build out EV charging stations and new energy vehicle fueling infrastructure. According to Xinhua's report, "The ratio of charging interfaces to new energy vehicles should be no less than 1:1. Government organs and public institutions will add new energy vehicle-only parking space. Preferential policies will be introduced in the car plate lottery and auction of new energy vehicles."
The central government's new energy vehicle mandate provides another boost to China's fledgling EV car market, as well as battery and EV charging station manufacturers, which auto industry participants and observers anticipate will quickly become the largest in the world. The problem is there isn't anywhere near enough EVs available, not to mention a glaring lack of supporting infrastructure, i.e. EV fast-charging stations.
China's emerging EV market
Domestic EV sales have lagged expectations and are well behind pace if they are to meet the national government's 2015 target. That's due to a variety of factors according to industry observers, including constraining regulations on auto manufacturing and foreign investment and a lack of collaboration between the auto manufacturing and power utility sectors.
As the new energy vehicle mandate indicates, conditions have taken a decided turn for the better since China made reducing air and environmental pollution a national priority, however. That should spur investment in EV manufacturing and infrastructure, as well as boost the fortunes of domestic and foreign EV manufacturers looking to gain a share of China's potentially huge, but as yet nascent, EV market.
Marking Tesla Motors (NASDAQ: TSLA) April entry into China's EV market, CEO Elon Musk personally handed new owners the keys of the first Tesla EVs sold in China. The EV pioneer has opened its first showroom and is building out a network of Supercharger fast-charging EV stations, which enables EVs' lithium ion battery packs to be charged half-full in around 20 minutes as compared to between six and eight hours from a 240-volt outlet.
Based in large part on the central government's recently instituted pro-EV policies, BMW's CEO believes China will become the world's largest EV market by 2020. In April, BMW announced that it is installing 46 public EV charging stations in and around Beijing. In addition, some 1,000 of its i3 EVs are being made available in BMW showrooms alongside its more up-market i8 model.
Besides BMW, both Daimler AG and VW are carrying out plans to enter the Chinese EV market, VW with the Golf Blue e-Motion. Japanese auto manufacturers don't intend to miss out on the opportunity either. The Nissan Leaf and Mitsubishi Motors' i-MiEV are both potential candidates.
Then of course, there are China's homegrown EV manufacturers. Having scooped up the assets of bankrupt U.S. EV start-up Fisker Automotive as well as automotive battery manufacturer A123, Wanxiang Group founder and CEO Lu Guanqiu has stated, "I'll put every cent that Wanxiang earns into making electric vehicles." A key auto parts supplier for both General Motors and Ford, Wanxiang Group earned profits of 7.85 billion yuan (~$1.3 billion) last year.
EV auto manufacturer Geely Automobile's car sharing joint venture with Kandi Technologies Group (NASDAQ: KNDI) is proving successful as well. In addition, Geely in February purchased U.S.-based Emerald Technologies, a start-up producing electric vans and taxis in Missouri and the U.K.
Kandi Technologies has emerged as a favorite among those handicapping entrants in China's EV market. They bid up Kandi shares last month following English language translations of a Chinese report stating that Kandi turned a profit last year and that its production of small EVs reached 1,565 in May. That was compared to the 532 Tesla imported that month, according to the news report.
Finally, there's BYD Auto, China's best-selling automobile brand famously backed by Warren Buffett. BYD has partnered with Daimler AG in a 50:50 joint venture – Shenzhen BYD Daimler New Technology – to manufacture luxury EVs under the Denza brand.
Just as it was for the U.S., auto manufacturing has quickly grown to be a key aspect of a rapidly industrializing China. A new, clean energy wave of change looks poised to sweep across and disrupt what is now the world's largest auto market, as well as its largest polluter. The stakes are high. Chinese and foreign auto manufacturers stand to win big if they can capitalize on Chinese government incentives. The same goes for investors looking to catch a ride.
Do you know this energy tax "loophole"?
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Digital health funding: innovation growth in IT, apps, wearables
Within the past month, StartUp Health, Health 2.0, and Rock Health all have released mid-year reports on digital health funding. And the overall message: funding is strong, and enthusiasm is high.
Although each group’s methodologies vary, they agree that at least US$2.1B of funding has been funneled into this space. According to Rock Health, this has outpaced overall venture funding, as well as outpacing funding for individual software, biotechnology, and medical device sectors.
The six largest funding rounds comprise over 1/3rd of all funding thus far in 2015. These rounds include Jawbone, a consumer wearables manufacturer; NantHealth, a clinical dataset platform for providers; Virgin Pulse, an employee behavior change wellness platform; HealthCatalyst, a population health and ACO data aggregator; Doctor on Demand, a telemedicine app and service delivery platform; and PillPack, a pharmacy distribution system.
Funding is roughly equivalent to that of mid-year 2014. This, coupled with some very high-profile initial public offerings (IPO) for Evolent, Fitbit, and Teladoc, underscores digital health as a high-growth industry.
Health 2.0 itself noted several additional trends for Q2 2015. First, the Apple Watch launched with high-profile digital health Watch apps. IBM’s Watson Health Unit has made several analytics acquisitions, Cleveland Clinic-based Explorys which hosts and analyzes 50M anonymized medical records, and Phytel, a population health management software. Finally, they made special mention of mental health platform startup Lyra Health, backed by former Facebook and Stanford employees, to help identify patients needing mental health services, provide initial screenings, and match them with treatment teams. Health 2.0 noted that the “online mental health space is crowded.”
According to Startup Health, many of the startups and companies taking on this funding are within the San Francisco Bay Area. With 53 funding deals worth US$1.5B that have taken place thus far in 2015, the amount of deals in the Bay Area have outpaced the remaining top 10 metropolitan areas combined.
Other hotspots for digital health after the Bay Area include New York City, Boston, Minneapolis, Los Angeles, and San Diego. Startup Health also notes that multi-million dollar funding deals of digital health companies have taken place in the United Kingdom, Austria, Poland, and China.
What makes this important for healthcare providers?
Much like a review of journal articles, these three reports provide a glimpse into the future. Reading these reports can give providers and early adopters insight into overall trends in the marketplace amidst the noise of smartphone app press releases, conference panels, and exaggerated claims of clinical benefits, such as the“Brain Games Scam” covered by industry and research analysts at The Doctor Weighs In.
These reports also provide a way for providers — particularly medical informaticists and staff — to categorize and segment start-ups. For instance, StartUp Health’s report includes information on chronic disease and geriatrics health technologies.
Finally, these are potentially tools that providers and patients will use in the clinical workflow of the future. Investors place bets on companies because they believe they will be successful; providers can use this to anticipate technology changes, discuss this within their professional societies, and use this information in their own future-oriented research and clinical work.
First cross-border IP e-commerce platform opens
AttyRelations, the world's first cross-border service platform for intellectual property business, began operations in Beijing to help intellectual property agents improve their efficiency and ease burdens when dealing with cross-border business.
The platform makes it much easier for users to find attorneys in different countries and receive cases in the global market.
The platform, which directly connects customers and lawyers via the Internet, will help ease the burdens of cost, publicity and business processing. Shen Xiaole, the platform's initiator and CEO, says that development of such an online to offline platform is aimed at better serving intellectual property agents, attorneys, law firms and other professional agencies across the world. .
There were 25 million cross-border intellectual property trades during the 254 work days of last year, with an average of 100,000 trades per day, according to Shen. .
The market demand urges emergence of such a platform, Shen noted.
AttyPay, the online payment service on the platform, makes payment easier for users. The solution is also the first of its kind in the world.
Zhu Jiaqun, an industrial leader, believed that the appearance of the payment solution will effectively reduce the traditional formalities in making cross-border payments and thus lower transaction costs.
Airbus plans second finishing plant in China
PARIS European aircraft manufacturer Airbus has signed up a deal with Chinese partners - the Tianjin Free Trade Zone Investment Company Ltd. (TJFTZ) and the Aviation Industry Corporation of China (AVIC), for setting up a second factory in China marking its growing engagement with the second largest economy.
Airbus and its Chinese partners Thursday signed a framework agreement on setting up an A330 Completion and Delivery Centre (CDC) in Tianjin, China, taking the partnership between Airbus and China a further step forward following the successful establishment of an A320 assembly line and delivery center in the Chinese city.
The agreement, firming up a letter of intent entered into last year, was signed by Fabrice Brgier, Airbus President and CEO, Yang Bing, President of the TJFTZ and Pang Zhen, Vice President, Commercial Aircraft, AVIC representing the Chinese parties.
The signing was witnessed by French Prime Minister Manuel Valls and visiting Chinese Prime Minister Li Keqiang at Airbus's headquarters at Toulouse in France. Premier Li had earlier this week presided over a Europe-China Economic Forum held in Toulouse.
"The signature of this framework agreement on the A330 completion and delivery centre will open a new chapter of strategic cooperation on wide-body aircraft with China. Together, we will develop new facilities and capabilities, and attract new suppliers and businesses in China," said Fabrice Bregier, Airbus President and CEO.
The A330 CDC Tianjin will be located near the site of the Airbus A320 Family Final Assembly Line in Tianjin. The new facility will cover the aircraft completion activities including reception, cabin installation, aircraft painting, engine run and flight test, as well as aircraft delivery and customer flight acceptance.
Under the project, the A330 Family aircraft to be completed at the A330 CDC Tianjin will be assembled in Toulouse but will be painted and have their cabin furnished and installed in Tianjin.
On the same occasion, Airbus has also signed a Letter of Intent with AVIC on cabin development cooperation and procurement frame contract with Zhejiang Xizi Aerospace Fastener Co., Ltd for design, development, manufacturing, and supply of standard fastener parts.
At present, the in-service Airbus fleet with Chinese operators comprises over 1,150 aircraft (over 150 A330 Family and over 980 A320 Family aircraft).
In the 20 year period between 2014 to 2033 Airbus forecasts a demand in China for more than 5,300 new commercial aircraft over 100 seats plus freighters.
The new cabin-completion factory for A330 jetliners is worth a reported 150 million euro ($166.3 million) and is aimed at attracting new orders for Airbus.
The new joint venture follows China signing a deal with Airbus on Wednesday for 45 new 75 long-haul A330s planes with option of 30 more planes. The confirmed order for 45 planes is worth more than $11 billion.
Turkey plans to build the world’s largest healthcare facility
IFC, a member of the World Bank Group, is arranging €154 million in financing to help build the world’s largest healthcare facility – a €1.1 billion integrated campus in the Turkish capital, Ankara.
The new campus is part of a Ministry of Health program to improve the country’s public hospital infrastructure through a public-private partnership model. A consortium comprised of Astaldi Spa and Turkerler Construction won the competitive bidding process to build Etlik Integrated Health Campus in the Etlik district of Ankara.
The campus’ eight hospitals will include a general hospital (694 beds), a women’s hospital (500 beds), a children’s hospital (468 beds), a cardiovascular surgery hospital (362 beds), an oncology hospital (484 beds), an orthopedic hospital (478 beds), a psychiatric hospital (280 beds) and a rehabilitation hospital (300 beds). The planned construction period is 42 months, to be followed by a 24-year concession.
IFC is lending €75 million to Ankara Etlik Hastane Saglik Hizmetleri Isletme Yatirim A.S, a company established by the consortium to build and maintain the health campus, and arranging another €79 million in financing from international commercial banks, including CA-CIB, Unicredit and Banca IMI, under its B Loan Program.
Other lenders include European Bank for Restructuring and Development, DEG (German Investment and Development Corporation), Black Sea Trade and Development Bank, Deutsche Bank, Turkiye Is Bankasi A.S., Akbank, and TSKB. The Italian export credit agency, SACE, provided loan guarantees for a $125 million tranche. The transaction marks the first Turkish project financing provided by a mix of development finance institutions and foreign and Turkish commercial banks with all tranches at an 18-year tenor.
“This landmark project is an important milestone in the transformation of Turkey's healthcare sector, being the largest health campus in the world,” said Serhat Inanc CEO of Ankara Etlik Hastane Saglik Hizmetleri Isletme Yatirim A.S and Board Member of Turkerler. “The funding structure indicates increasing confidence among various types of lenders in the PPP model of the Ministry of Health and the consortium partners.”“Expanding access to high quality healthcare services for all population groups is a central element of our strategy in Turkey,” said Aisha Williams, IFC Country Manager for Turkey. “This is an excellent example of how the private and public sector can work together to make a difference. We hope this will set a positive example for PPPs in other sectors in Turkey.”IFC’s support for this project is aligned with the World Bank Group’s Country Partnership Strategy for Turkey. Under the strategic objective of improved equity and public services, the World Bank Group plans to support the government’s Health Transformation Program as outlined in the Ministry of Health’s Strategic Plan. This includes a PPP program aimed at providing affordable healthcare services beyond major urban areas.IFC
Turkey energy watchdog issues pre-license for nuclear plant
Turkey's Energy Market Regulatory Authority (EMRA) announced that it granted a pre-license to Akkuyu Nuclear Joint Stock Company for 36 months for Turkey's first nuclear power plant.
The Akkuyu Nuclear company will build the Akkuyu Nuclear Power Plant in the province of Mersin in southern Turkey. It will become fully operational in 2023, coinciding with the 100-year anniversary of the founding of the Republic of Turkey.
The company will complete its preparation process before EMRA considers issuing a production license. During the preparation process, the company is required to obtain official construction and environment impact permits.
"If the Akkuyu Nuclear Joint Stock Company fulfills its obligation, it will get the production license," Mustafa Yilmaz, the head of EMRA, said in the authority's press release.
The construction of the Akkuyu NPP will begin in 2016 and Russia's state-owned nuclear company, Rosatom, will have operating rights on the $22 billion plant, which will have a life cycle of 60 years.
Nigeria: World Bank's Health Investments Impressive - NPHCDA
The Executive Director of the National Primary Health Care Development Authority (NPHCDA) Dr Ado Muhammed yesterday said investment by the World Bank to boost health care in some states has witnessed and yielded results beyond expectations.
Speaking during the 2014 annual review meeting of the project in Abuja, Mohammed said the Nigerian State Health Investment Project (NSHIP) was yielding a threefold increase in performance of healthcare facilities at the pilot states.
He said the approach shifted from input to output as they are now looking at results in terms of what the funds has resulted to.
NSHIP is a World Bank health system financed project piloted in three states of Adamawa, Nasarawa and Ondo.
Billions of investment dollars to flow into Turkey’s city hospitals
Turkey’s public-private-partnership (PPP) model healthcare projects, dubbed the “city hospitals,” are to receive significant amounts of invesment in the coming years, according to Turkey’s Minister of Health, Mehmet Muezzinoglu. Muezzinoglu said that 32 city hospital projects would be operational by 2018 [Read More]
Ground broken for Turkey’s first nuclear power plant
Government and company officials yesterday launched construction of the Turkey’s first nuclear power plant. The Russian-designed Akkuyu plant in Mersin, on the Mediterranean coast, is the first of three nuclear power plants the country plans to build to help boost its economy and reduce its dependence on fossil fuel imports. [read more]
Erdoğan approves Turkey-Japan nuclear agreement
Turkish President Recep Tayyip Erdoğan has approved parliament’s ratification of an intergovernmental agreement with Japan to build a nuclear power plant at Sinop, according to a statement on his website yesterday. [read more]
Jordan And Rosatom Expected To Sign $10 Billion Nuclear Deal
Media in Jordan have reported that the country’s government will soon sign a deal with Russia’s state-owned nuclear power giant Rosatom that stresses the commitment to build two nuclear reactors at a cost of $10 billion. Jordan’s Atomic Energy Commission Chairman Khaled Toukan revealed that the deal for the reactors with total capacity of 2,000 megawatts will be signed by the end of March, Albawaba reported. He also said it would be sent to Jordan’s Lower House for approval after it is signed. [read more]
Bulgaria Is Offering Westinghouse New Terms For Kozlodui 7
Bulgaria’s Energy Minister Temenuzhka Petkova said Thursday that the state’s new central-right government had extended an offer to Toshiba Corporation’s Westinghouse Electric Company to purchase 49 percent of the seventh reactor for the Kozlodui nuclear power plant. The deals already signed call for Westinghouse to own 30 percent of the new AP-1000 reactor build, but to give up that share once construction is completed. At a conference in Sofia on Thursday, Petkova said the new offer is for Westinghouse to finance 49 percent of the construction costs and to maintain a 49 percent stake after the reactor goes on line. [read more]
GDF Suez Says Areva Still Committed To Four-Reactor Project In Turkey
GDF Suez said that financially-troubled French nuclear plant builder Areva has given it assurances that it would honor a commitment signed in May 2013 to deliver four nuclear reactors in Turkey. [read more]
Russia to help build Egypt’s first nuclear power plant
The presidents of Russia and Egypt have announced after talks in Cairo, that the two countries are to build Egypt’s first nuclear power plant together, as well as boosting natural gas trade among other deals. Vladimir Putin and Abdel Fattah el-Sisi made the announcement on Tuesday at a joint news conference in the Egyptian capital, where they signed an agreement on the plant’s construction. “If final decisions are made, it will mean not just building a nuclear power plant, it means the creation of the entire new atomic industry in Egypt,” said Putin. [read more]
Se construirá un segundo aeropuerto para Bogotá
El desbordado aumento de viajeros, que llegarán a 40 millones en cinco años, obliga al gobierno a construir un nuevo aeropuerto para Bogotá. (read more)
Airport of the future in Mexico
Mexico needs a new international airport. Its designers have come up with a radical approach.
Should all go according to plan, 2014 will be remembered by Mexicans as the year that a new era began for their country.
In a world where people are virtually and physically interconnected by data travelling at the speed of light and aircraft travelling at the speed of jets, airports have inevitably become a sort of 'presentation card' they're the first thing that visitors see when they arrive in a new country (read more)
Cuemba municipality to have new regional hospital
Cuemba – The new regional hospital of Cuemba, a municipality located at 164 km from Cuito, central Bié province, whose works are in their final phase, is due to start operating yet in the course of this year, said on Thursday, the local administrator, Laurinda Kapocolola. [read more]