Burjeel Holdings’ premium healthcare brand, Burjeel is the most comprehensive private tertiary healthcare provider in the UAE. The healthcare brand now plans a massive expansion in the region with AED 3.67 billion (USD 1 billion) venturing into Saudi Arabia’s healthcare industry.
The United Arab Emirates’ (UAEs) healthcare services provider inked a memorandum of understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA) for collaboration with the Kingdom’s healthcare institutes and organisations, and investment up to USD 1 billion by 2030.
Fahad Alnaeem, Deputy Minister for Sector Investment Development at the Ministry of Investment, Saudi Arabia, and Dr Shamsheer Vayalil, founder and CEO of Burjeel Holdings, were present at the signing the MoU in Riyadh.
At present, Burjeel Holdings operates thirty-nine hospitals and medical centres in the UAE and Oman. The group would pursue investment opportunities through joint ventures and public private partnership models to launch and expand various healthcare offerings across the Kingdom of Saudi Arabia (KSA).
The healthcare brand aims to build an industry-leading healthcare network, including speciality medical centres, digital health ventures, day surgery capability, comprehensive super specialty hospitals and clinical research programmes. Burjeel’s research commitments include screening and therapy and exploring innovation in areas of cancer prevention.
Burjeel would also work through MISA in areas of humanitarian assistance and international healthcare volunteering
Besides to delivering healthcare services, the healthcare brand would also work through MISA in areas of humanitarian assistance and international healthcare volunteering.
The group is in deliberations with several private sector providers and leading public sector hospitals in the Kingdom to deliver these services and looks ahead to embark on ratifying collaboration agreements in the near future.
The Kingdom of Saudi Arabia is a key focus market for Burjeel Holdings and the company is honoured to commit to this MoU with the Ministry of Investment, a significant step in their entry to the Kingdom. The group is excited about the many opportunities to support the Kingdom’s healthcare ambitions and to bring their expertise to a sector, which is integral to the delivery of Vision 2030, Dr Shamsheer said.
Burjeel Holdings recently stated record financial results reflecting the forte of its diversified group of top-notch healthcare assets, strong, associated growth platform and its highly specialised services. Revenue in the fiscal year 2021 was AED 3,351 million, indicating an 18 per cent compound annual growth rate (CAGR) over the three-year period 2019-2021.
The healthcare brand is at the forefront of healthcare services in the region and has developed as the Center of Medical Excellence across the UAE. Over the years, Burjeel has built a strong wisdom of conviction in the hearts of every patient the group has come across by serving them in all levels of society along with in-depth expertise and state-of-the-art facilities.
Burjeel Holdings offers exceptional service standards and has state-of-the-art facilities through its network of sixty-one assets, including medical centres, hospitals, pharmacies, and other affiliated services. Burjeel Holdings’ brands consist of Burjeel Hospitals, Medeor Hospitals, Lifecare Hospital, LLH Hospitals, and Tajmeel.