Burjeel Holdings, the top healthcare provider in the UAE, and the Ministry of Investment of Saudi Arabia have signed a memorandum of understanding (MoU). The private healthcare firm will partner and work with institutions and healthcare organisations in accordance with the agreement and will invest up to $1 billion in the kingdom by 2030.
In order to establish and expand different healthcare services throughout the kingdom, Burjeel Holdings will look into investment opportunities through joint ventures and public-private partnership (PPP) models, including an industry-leading healthcare network that will include speciality medical centres, day surgery capability, digital health ventures, comprehensive super speciality hospitals, and clinical research programmes.
Its commitment to research includes looking into novel approaches to cancer treatment, screening, and prevention. Burjeel will operate through MISA in the fields of humanitarian aid and international healthcare volunteering in addition to providing healthcare services. To supply these services, the organisation is in talks with a number of private sector companies and top public sector institutions in Saudi Arabia. It anticipates formalising collaborative agreements to start in the coming months.
Burjeel Holdings’ 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.”
Recent financial records were revealed by Burjeel Holdings, demonstrating the power of its broad portfolio of premium healthcare assets, highly specialised services, and powerful, interconnected growth platform. A three-year period from 2019 to 2021 saw a compound annual growth rate of 18%, resulting in revenue of Dhs3,351m in FY 2021.
