CMCER Chairman says clinic contracts exceed SAR 50M

Khalid Al-Ammar Chairman of Canadian Medical Center - CMCER

Khalid Al-Ammar, Chairman of Canadian Medical Center (CMCER), said that the size of clinic projects ranged nearly between SAR 50 million and SAR 54 million in the first half of 2024.

In an interview with Argaam on the sidelines of the Argaam Connect event, Al-Ammar explained that the healthcare sector is witnessing significant development, driven by the reforms and enhanced regulations implemented by the Ministry of Health.

The ministry is providing numerous opportunities, modernizing outdated systems, and giving more room to the private sector. For instance, home healthcare has become one of the promising ideas and services that the market is keenly anticipating.

He noted that sectors such as telemedicine, healthcare, physiotherapy, and occupational therapy are expected to hold a significant market share in the coming period.

On the impact of transformation at CMCER, Al-Ammar said the main goal is to shift from reliance on a single sector—oil and gas—to new sectors. He noted that the company has experienced wide acceptance for this transformation, particularly after winning some major projects.

CMCER also ventured into the petrochemical sector, for which it was well-positioned. Currently, several projects are under study. Al-Ammar explained that these transformations align with the company's strategy to diversify income sources and enhance its growth trajectory.