Burjeel Holdings eyes up to $1 billion healthcare investment in Saudi Arabia

Burjeel Holdingsa healthcare service provider in the MENA region, signed a Memorandum of Understanding (MoU) with the Kingdom of Saudi Arabia Ministry of Investment (MISA) which will see it partner and collaborate with health institutes and organizations across Saudi Arabia, and invest up to $1 billion in the Kingdom by 2030.

One of the largest private healthcare service providers in the UAE and operator of 39 hospitals and medical centers, it will seek investment opportunities through joint ventures and PPP models to establish and expand various healthcare offerings. healthcare across Saudi Arabia, including a healthcare network that will include specialist medical services. centres, day surgery capacity, digital health companies, comprehensive super specialty hospitals and clinical research programs. His research commitments include exploring innovation in the areas of cancer prevention, screening and treatment.

In addition to providing health services, Burjeel will also work through MISA in the areas of humanitarian aid and international health volunteering.

The Group is in talks with various private sector providers and major public sector hospitals in Saudi Arabia to provide these services and expects to begin formalizing collaboration agreements in the coming months.

Founder and CEO of Burjeel Holdings, Dr Shamsheer Vayalil, said: “The Kingdom of Saudi Arabia is a key market for Burjeel Holdings and we are proud to enter into this MoU with the Ministry of Investment – ​​an important step in our entry into the Kingdom. We welcome the many opportunities to support the Kingdom’s healthcare ambitions and bring our expertise to a sector that is integral to achieving Vision 2030.”

Burjeel Holdings recently announced record financial results reflecting the strength of its diversified portfolio of high-quality healthcare assets, highly specialized services and its robust connected growth platform.