Seoul – July 5, 2023 –

Enterprise AI service provider People and Technology Co., Ltd. (Co-CEOs Hong Sung-pyo and Lim Jin-soon) announced its participation in the "MENA Hospital Project Forum" held from June 6 to 7, 2023, at Mövenpick Grand Al Bustan Dubai, UAE.

Now in its second year, the forum serves as a platform for Middle East and Africa (MENA) governments, healthcare enterprises, and experts to discuss new hospital construction projects, innovations in digital tools, and advanced healthcare technologies. The event focuses on sharing insights into current and future trends to foster the development of the healthcare sector in the region.

Showcasing 'IndoorPlus+ SmartCare'

At the forum, People and Technology showcased its proprietary IoMT-based hospital digitalization solution, "IndoorPlus+ SmartCare." This platform supports:

• Real-time tracking of patients, staff, and assets.
• Expanded data integration for real-time monitoring of in-patient biometrics.
• Integration of IoMT-based technologies for data collection, storage, and analysis to optimize hospital operations.

The solution is designed to enhance hospital efficiency and patient care by combining IoMT technologies with a deep understanding of hospital operations.

MENA Expansion Milestones

People and Technology entered the MENA region in 2019 through a partnership with Machine Talk for Saudi Arabia’s Smart Hospital Pilot Program. The company successfully deployed IndoorPlus+ SmartCare in two 500-bed general hospitals and 20 clinic-level hospitals, marking its footprint in the region.

Insights on UAE’s Healthcare Investment

The forum highlighted the UAE’s continued focus on healthcare as a key investment area:

• 69% of total healthcare spending in 2019 was funded by the government.
• UAE healthcare expenditures are projected to reach $26 billion by 2028.
• Over 700 private healthcare projects are underway, with a total investment of $60.9 billion (AED 223.5 billion).

Future Prospects

A company representative noted,
"Medical tourism in the MENA region is on the rise, with the UAE emerging as a significant contributor due to its robust healthcare investments. This forum offered valuable opportunities to engage with regional stakeholders and discuss People and Technology's comprehensive solutions, including 'IndoorPlus+ SmartCare.' We aim to continue expanding our global network and accelerating our international business growth."

People and Technology plans to leverage the momentum from the forum to broaden its reach across the MENA region and beyond, solidifying its position as a global leader in smart hospital digitalization solutions.