UAE’S BURJEEL HOLDINGS TO ENTER SAUDI ARABIA WITH $1BN INVESTMENT

Burjeel Holdings, a leading healthcare company based in the United Arab Emirates, and the Saudi Arabian Ministry of Investment have signed a memorandum of understanding (MoU) to cohesively explore investment opportunities and establish healthcare facilities in the kingdom

In accordance with the agreement Burjeel will partner and work with local institutions and regional healthcare organizations, and will invest up to $1 billion in the kingdom by 2030. Burjeel Holdings will look into investment opportunities through joint ventures and public-private partnership (PPP) models, including a healthcare network that will include specialty medical centres, day surgery capability, digital health ventures, comprehensive super speciality hospitals, and clinical research programs.

Its commitment to research includes looking into novel approaches to cancer treatment, screening, and prevention. Burjeel will also operate through MISA in the fields of humanitarian aid and international healthcare volunteering in addition to provide healthcare services. To provide these services, the group is in talks with a number of hospitals in Saudi Arabia’s public and private sectors. It expects to start formalizing collaboration agreements in the coming months.

“KSA is a key focus market for Burjeel Holdings, and we are happy to commit to this MoU with the Ministry of Investment – a critical step in our entry into the kingdom,” Burjeel Holdings founder and CEO Dr. Shamsheer Vayalil stated. The company is enthusiastic about the numerous chances to help the kingdom’s healthcare aspirations and to contribute their experience to a field that is crucial to achieving Vision 2030.

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