Adani Group denied the allegations as baseless, while Indian government officials haven't commented so far
business3 days ago
Abu Dhabi-headquartered Burjeel Holdings, a leading healthcare group in the region, is planning a Dh300 million expansion in Saudi Arabia with two new speciality centres.
Burjeel’s Specialised Day Surgery Centres will come up in the capital city of Riyadh by next year, the group disclosed today on the Abu Dhabi Securities Exchange, where it’s listed.
Wholly owned and operated by Burjeel Holdings, the centres will provide a dedicated service offering in Saudi Arabia, a market with significant growth expectations for tailored healthcare services. The facilities will tap into increasing demand for world-class medical care among resident and tourist populations, top officials from the group said.
The centres will provide sophisticated minimally invasive comprehensive services, including oncology, advanced gynaecology, orthopaedics, neurology, and advanced robotics solutions for patient care.
Once ramped up, the new centres are expected to each generate annual revenue of up to Dh200 million. The projected capital expenditure is up to Dh300 million for both centres, with up to Dh55 million working capital investment expected per centre.
“We’re immensely proud to support KSA’s ambitious Vision 2030 through the enhancement of healthcare services and patient outcomes in the Kingdom,” Dr Shamsheer Vayalil, founder and chairman of Burjeel Holdings, said.
“This expansion is part of our broader commitment to maximising the accessibility of high-quality healthcare services across the region. Importantly, the addition of Specialised Day Surgery Centres in Saudi Arabia complements the recent launch of our PhysioTherabia network and reinforces our strong commitment to patient excellence and aspiration to create a healthier, brighter future for all,” Dr Shamsheer said.
The new projects have been modelled on Burjeel Holdings’ Al Reem Specialised Day Surgery Centre, which has generated significant referral traffic since it opened in 2017. The Abu Dhabi centre in Al Reem recorded Dh253 million in revenue in 2023 at a 62 per cent inpatient occupancy rate. The facility has complemented Burjeel Hospital and Burjeel Medical City by dealing with minimal invasive cases that would have earlier been managed by those hospitals.
John Sunil, CEO of Burjeel Holdings, underlined the expansion plans by leveraging the Abu Dhabi model as a significant step in growing Burjeel’s healthcare footprint in Saudi Arabia.
“The centre’s model is one we’re experienced in and will act as a critical cog in our long-term network ambitions in Saudi Arabia – enhancing the patient experience with sophisticated minimally invasive technology and boosting our relationship with insurance companies by providing them with the most cost-efficient services,” Sunil noted.
In August 2022, the group entered into a memorandum of understanding with the Saudi Ministry of Investment to explore investment opportunities in the Kingdom amounting to up to $1 billion by 2030.
ALSO READ:
Adani Group denied the allegations as baseless, while Indian government officials haven't commented so far
business3 days ago
Global philanthropists call for stronger networks, governance, and data-driven impact measurement
business3 days ago
Nasdaq-listed MakeMyTrip emerges as the market leader in UAE’s OTA air landscape
business3 days ago
Self-reliant India Mission showing striking results in the defence sector
business3 days ago
Parte Gulfeh is dedicated to upholding historic Chivalric traditions
business3 days ago
Revenues in Q3 2024 reached $1.86 billion, up 6.1% year on year
business3 days ago
Roundtable provides gateway to bilateral investment in green-tech and creative industries
business3 days ago
Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business4 days ago