Write a feasibility study of the proposed project (a 24-hour fully automatic, eco-friendly, zero waste laboratory with mini-research center) to evaluate its viability and present the findings.
The study should include:
1-write an executive summary. The executive summary should provide a clear overview of the study’s main points.
2- provide relevant information about the proposed project. Describe the new project in detail (a general description of the management department for the project, their tasks and the new management ideas). Include technical details and other information, such as test results, that contribute to an understanding of the project. Tell how it is different from other projects.
3- Discuss the potential market for the project (market size in terms of numbers of customers and revenue, target market, the possible growth and all relevant factors affecting its demand). Give the demographic characteristics of the potential customers. Discuss, in detail, existing competition in the marketplace.
4- Give the key financial information about the new project (all relevant calculations that back up the pricing). Discuss the costs of introducing the project to the market as well as the expected revenues. Show the expected profitability of the project.
Use the information and the references below:
Objectives:
Create profitability.
Develop research.
Help the community and the environment.
Compete with prices
Abilities:
Speed and raise the quality of performance and results for technological intervention.
Reduce waste.
Help the community and the environment.
Help the government (e.g., reducing the load and pressure, volunteering, establishing and sponsoring initiatives).
Use visitors as a research sample in legal and ethical ways.
Use some visitors’ samples in more than one test for the length of the sample.
Reduce the probabilities of employees being exposed to serious diseases.
Collaborates with:
Laboratories.
Centers for Disease and Drug Research.
Universities.
Pharmacological factories.
Equipment needed and liabilities:
Safety equipment. (e.g., Fire extinguisher, safety goggles, safety equipment).
The licenses should be provided by the Ministry of Health, in order to start the business; in three steps (see the link in references).
Laboratory and pathology equipment (e.g., Blood chemistry devices, Hematology (CBC) devices, Incubator devices).
Advanced laboratory devices (e.g., liquid handling workstations, pipetting robots, sample changers).
research center equipment.
Offices for laboratory department and the research center.
Advanced system for network and computer.
Online platforms and social media should be presented (unit in the management department).
Administration and accounting offices.
Reception and sampling rooms.
Liability of the building rent or owned.
Marketing plans should be presented biased on the new world marketing strategies. (Please add some reliable references).
Finance and capital:
The project will be funded using savings of SAR 500,000. The project will seek for supportive funding via support programs provided by the government and the private sectors.
Please add some reliable references for the equipment prices and equipment needed and liabilities.
Building costs and expectations (See links below). Please add some references to support the rental or owned prices part of the feasibility study.
https://database.stats.gov.sa/beta/dashboard/landing https://www.stats.gov.sa/en/node
Those are some supporting programs that could fund the project.
https://www.sdb.gov.sa/ar-sa/our-products/projects/productive-loans/products/excellence-track
Social development bank: a product targeting promising facilities (new or not more than 3 years old) with funding of up to 4 million riyals. Self-contribution is not less than 15% of the total cost of the project
https://www.riyadah.com.sa/about.aspx
(Reaada) An independent, non-profit national institutional organization founded at the initiative of the Ministry of Energy and the General Foundation for Technical and Vocational Training under the name (National Entrepreneurship Institute). Funding to SAR 300,000
https://alrajhibank.com.sa/ar/alrajhi-group/media-center/press-releases/sme-financing-kafalah-sama
Al Rajhi Bank Guaranteed Financing Program provides a guarantee of 95% of the amount of funding granted in accordance with the mechanisms of (kafalah) guarantee program, and is designed to ensure that the maximum profit and fees do not exceed 4% annual. The program is implemented in cooperation with both The (Kafalah) Program and the Saudi Central Bank, and includes exemption from any administrative fees or any material guarantee, in addition to allowing the start of payments after six months of granting funding. The bank has set a price-ceiling of guarantees amounting to 2.5 million riyals for micro-enterprises and 5 million riyals for small enterprises.
https://www.kafalah.gov.sa/help/FAQ/Pages/default.aspx
(Kafalah) from the Saudi Central Bank provides the funding up to 3 million riyals to small- medium enterprises to overcome the constraints of financing economically practical SMEs that do not have the capacity to provide the required guarantees to the financing authorities.
References for future financial plans of the project
https://www.mof.gov.sa/eservices/Loans/Pages/default.aspx
Ministry of finance provides support and funding for existing projects such as specialized medical centers up to 50 million riyals
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