UAE’s Burjeel plans SAR 3.75 bln investments in Saudi health sector

The MoU signing ceremony

Saudi Arabia’s Ministry of Investment signed a memorandum of understanding (MoU) with UAE-based Burjeel Holdings PVT LTD to expand across the Kingdom.

The MoU aims to strengthen cooperation between Burjeel and the Saudi healthcare institutions by injecting $1 billion (SAR 3.75 billion) investments in the Kingdom by 2030, Burjeel said in a statement.  

Burjeel aims to explore investment opportunities through potential public-private partnerships (PPPs). It intends to establish various healthcare offerings across Saudi Arabia. They include speciality medical centres, day surgery capability, digital health ventures, super speciality hospitals and clinical research programmes.

The company has also committed to explore research and innovation in the areas of cancer prevention, screening and therapy.

The group is in discussions with various private sector providers and leading public sector hospitals in Saudi to deliver these services and expects to begin formalising collaboration agreements over the coming months.

Founded in 2007, Burjeel Holdings operates 39 hospitals and medical centres. It reported revenue of AED 3.351 billion in 2021.

Burjeel plans to offer its shares on Abu Dhabi Securities Market and hired financial advisors for this purpose.