Burjeel Holdings eyes up to USD 1 billion in investments in KSA healthcare
Burjeel Holdings, a healthcare services provider in MENA, has signed a Memorandum of Understanding (MoU) with the Kingdom of Saudi Arabia’s Ministry of Investment (MISA) which will see it partner and collaborate with KSA institutes and healthcare organizations, and invest up to USD 1 billion in the Kingdom by 2030.
One of the largest private healthcare services provider in the UAE and operator of 39 hospitals and medical centres, it will seek investment opportunities through joint ventures and PPP models to establish and expand various healthcare offerings across KSA, including a healthcare network that will include specialty medical centres, day surgery capability, digital health ventures, comprehensive super specialty hospitals and clinical research programs. Its research commitments include exploring innovation in areas of cancer prevention, screening and therapy.
In addition to healthcare services delivery, Burjeel will also work through MISA in areas of humanitarian aid and international healthcare volunteering.
The Group is in discussions with various private sector providers and leading public sector hospitals in KSA to deliver these services and expects to begin formalizing collaboration agreements over the coming months.
Burjeel Holdings’ Founder and CEO, Dr Shamsheer Vayalil, said, “The Kingdom of Saudi Arabia is a key focus market for Burjeel Holdings and we are proud to commit to this MoU with the Ministry of Investment – a significant step in our entry to the Kingdom. We are excited about the many opportunities to support the Kingdom’s healthcare ambitions and to bring our expertise to a sector which is integral to the delivery of Vision 2030.”
Burjeel Holdings recently reported record financial results reflecting the strength of its diversified portfolio of high-quality healthcare assets, highly specialized services and its strong, connected growth platform.