Saudi firms unveil healthcare investments at Global Health Exhibition

Logo of Global Health Exhibition

Several healthcare providers unveiled major investments at the seventh edition of the Global Health Exhibition, which kicked off today, Oct. 21, at the Riyadh International Convention and Exhibition Center.

Dallah Healthcare Co. announced healthcare investments worth SAR 4 billion in Riyadh, poised to increase the group’s assets by 45% to SAR 13 billion by 2028.

For more news and details on the projects

Elsewhere, Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) will invest SAR 5 billion in expansion projects, including a 200-bed hospital and 49 specialized clinics in Madinah. This will also include a 200-bed hospital and 80 clinics at the Makkah-based Masar Destination project, as well as a 300-bed hospital with 100 clinics in South Obhur, Jeddah, and a connected surgical tower at Dr. Soliman Fakeeh Hospital in Jeddah with 140 beds and 13 operating rooms.

Additional projects include major medical centers at North Obhur and Al-Zahraa districts in Jeddah; Alawali district in Makkah; Al-Hamra district in Riyadh; a hospital for neuroscience, mental health, and addiction treatment in Jeddah; and a simulation center at Fakeeh College of Health Sciences in Jeddah.

Upon completion, the group’s projects will expand from four to seven hospitals and from five to nine medical centers, increasing bed capacity from 835 to 1,675 beds and clinics from 374 to 774. The student capacity at Fakeeh College will rise from 1,800 to 5,000.

Dr. Sulaiman Al Habib Medical Services Group also disclosed investments worth SAR 10 billion to develop and operate several healthcare projects, including seven hospitals and various medical centers. Some of these projects have already been opened such as Sahafa Hospital, Al-Faiha Hospital in Jeddah, and Women’s Health Hospital.

Upcoming projects will span a built-up area of over 2.14 million square meters for healthcare and residential facilities. Once completed, they will add 2,000 beds, bringing the group’s total bed capacity to over 4,000. These projects are expected to create 13,000 job opportunities for Saudi nationals in medical, technical, and administrative fields.

The group also announced the establishment of Dr. Sulaiman Al Habib Knowledge Co., which will oversee the group's medical and academic programs. Additionally, it will launch Dr. Sulaiman Al Habib Nursing College in Riyadh, with plans to expand into the Western and Eastern Provinces as well as into other areas across the Kingdom.

Further, Almoosa Health Group announced investments exceeding SAR 3 billion, including the construction of Almoosa Hospital in Al-Khobar with a 400-bed capacity, Almoosa Hospital in Hofuf with a 300-bed capacity, and five primary care centers.

National Unified Procurement Co. (NUPCO) also signed a SAR 4 billion deal with Novo Nordisk and Sanofi for pharmaceutical production. Additionally, a SAR 3 billion agreement was announced between SIHA Holding and Boston Oncology to localize facilities adhering to the good manufacturing practices (GMP) standards.

A tripartite memorandum of understanding was concluded between the Ministry of Investment, the Ministry of Health, and Vertis HealthPartners, for the Jabal Al-Noor project (University Medical City) in Al-Baha, with an investment of up to SAR 7 billion.