Singapore: A Korean consortium of healthcare firms have successfully inked a $69.1 million worth deal, with the Saudi Arabia's Ministry of National Guard (MNG) to provide a medical information system to Saudi Arabian hospitals.

According to a news report, the consortium of Seoul National University Bundang Hospital and SK Telecom have agreed to provide the information system to six Saudi Arabian hospitals, over the next two years.

A joint company with Saudi Arabia MNG will also be established to export hospital information system to other Middle Eastern countries. The deal, a first of its kind, is expected to generate revenues close to 300 billion Won for South Korera in the next five years.

The consortium will establish the medical information system including an Electronic Medical Record (EMR,and created mobile-based infrastructure as well. This will be the foundation to export the system to other Middle Eastern countries.

The consortium said that global experts in healthcare and IT from Asia and Europe were inquiring about possible cooperation for the Saudi Arabian project.