Burjeel Holdings has signed an MoU with Saudi Arabia’s Ministry of Investment which will see the UAE-founded private healthcare Group partner and collaborate with KSA institutes and healthcare organizations, and invest up to $1 billion in the kingdom by 2030.
A leading healthcare services provider in Mena, Burjeel is the operator of 39 hospitals and medical centers. It had recently reported solid revenue in FY 2021 hitting AED3.35 billion, representing 18% compound annual growth rate over the three-year period 2019-2021
Announcing its big Saudi plans, Burjeel said it will seek investment opportunities through joint ventures and PPP models to establish and expand various healthcare offerings across KSA, including an industry-leading healthcare network that will include specialty medical centers, 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.
Founded in 2007, Burjeel Holdings is the leading private healthcare services provider in the UAE, with a growing presence in the GCC. The group continues to set new benchmarks for healthcare delivery and patient outcomes, with state-of-the-art facilities and world-class service standards.
Founder and CEO Dr. Shamsheer Vayalil said: "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," he added
Source: Trade Arabia