Abu Dhabi / Riyadh | Burjeel Holdings, a leading healthcare provider in the Middle East, plans to expand operations in Saudi Arabia. Burjeel Holdings has signed a memorandum of understanding with the Saudi Ministry of Investment as part of its expansion plan to join hands with prominent institutions including those in the health sector. The plan aims to invest up to $1 billion in Saudi Arabia by 2030.
Burjeel Holdings, which has 39 hospitals and medical centers in the UAE and Oman, will seek investment opportunities through joint ventures and public-private partnership models to establish and expand various healthcare facilities across Saudi Arabia. These will include specialty medical centres, day surgery centres, digital health initiatives, comprehensive super specialty hospitals and clinical research projects. Burjeel Holdings will also consider expansion plans for research projects in the areas of cancer prevention, diagnosis and treatment.
Apart from the health services sector, Burjeel Holdings will work with the Ministry for humanitarian aid missions and international health volunteering. As part of the expansion plan, discussions of Burjeel Holdings with various private sector service providers and leading public sector hospitals in Saudi are in progress. Efforts are being made to sign cooperation agreements in the coming months.
Burjeel Holdings founder and CEO Dr. Shamsheer Vayalil said that Saudi Arabia is an important market that Burjeel Holdings is focusing on and there are high hopes for this MoU with the Ministry of Investment. “This is an important step in our entry into Saudi Arabia. Proud to support the nation’s healthcare initiatives and be a part of the many opportunities to bring expertise to the healthcare sector as an integral part of Vision 2030.”
Established in 2007, Burjeel Holdings is a leader in cancer care, orthopedics, long-term care, rehabilitation and maternal and child care. Burjeel Holdings’ move is to utilize and expand its comprehensive capabilities in this sector in Saudi Arabia.
The expansion plans are announced after the group reported record growth in its recent 2021 financial report. The company’s revenue for FY2021 is AED 3,351 million. A CAGR of 18% has been recorded during the period 2019-2021.