UAE’s Burjeel Holdings to invest Dh3.6 billion in Saudi Arabia health sector

UAE’s Burjeel Holdings to invest Dh3.6 billion in Saudi Arabia health sector

Currently, Burjeel Holdings operates 39 hospitals and medical centres in the UAE and Oman.

Published: Wed 24 Aug 2022, 10:05 PM

Burjeel Holdings, one of the UAE’s largest private healthcare groups, plans a massive expansion in the region with $1 billion (Dh3.67 billion) foray into Saudi Arabia’s health industry.

The local healthcare services provider inked a memorandum of understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA) for collaboration with the Kingdom’s healthcare institutes and organisations, and investment up to $1 billion by 2030.

Fahad Alnaeem, Deputy Minister for Sector Investment Development at the Ministry of Investment, Saudi Arabia, and Dr Shamsheer Vayalil, founder and CEO of Burjeel Holdings, signed the MoU in Riyadh.

Currently, Burjeel Holdings operates 39 hospitals and medical centres in the UAE and Oman. The group will seek investment opportunities through joint ventures and public private partnership models to establish and expand various healthcare offerings across Saudi Arabia. It aims to create an industry-leading healthcare network, including specialty medical centres, day surgery capability, digital health ventures, comprehensive super specialty hospitals and clinical research programmes. Burjeel’s research commitments include exploring innovation in areas of cancer prevention, screening and therapy.

In addition to delivering healthcare services, Burjeel will also work through MISA