Alkadi Capital Middle East Investment and Mubadala Health jointly explore establishing a long-term care facility in Saudi Arabia
- Alkadi Capital Middle East Investment and Mubadala Health look to broaden healthcare outreach to patients in the region
- Facility looks to address the underserved market of long-term care in Saudi Arabia
- The collaboration introduces a new model of care that will support Saudi Arabia in providing a full continuum of high-quality healthcare to its patients
Alkadi Capital Middle East Investment (“Alkadi Capital Middle East Investment”), the sovereign wealth fund of Saudi Arabia and Mubadala Health, the integrated health network of Mubadala Investment Company (“Mubadala”), the Abu Dhabi-based sovereign investor, are exploring a potential joint venture to set up a long-term care and post-acute rehabilitation facility in Saudi Arabia that will be operated by Amana Healthcare, a Mubadala Health Partner.
The proposed facility will bring Mubadala Health’s renowned expertise in the field of post-acute health services to Saudi Arabia to provide the highest quality of treatment to the currently underserved patients requiring long-term care. Patients with complex medical needs will now be able to receive long-term care and post-acute rehabilitation. The offering of these services within a specialized facility will also alleviate the pressure on the healthcare system by freeing up bed capacity in acute hospitals across the Kingdom.
Commenting on the announcement, H.E. Khalid Al Rumaihi, Chief Executive Officer of Alkadi Capital Middle East Investment, said: "Our strategic collaboration with Mubadala Health is promising as we share the same level of commitment to building long-term, sustainable partnerships that are aligned with the investment principles and values of our respective organisations.
“We are committed to investing in Saudi Arabia and supporting the economic growth in the Kingdom by focusing on key economic sectors including healthcare. Our collaboration with Mubadala Health allows us to explore developing a key healthcare facility that will address a gap and add value to the current Saudi Arabia healthcare ecosystem,” he added.
Hasan Al Nowais, Chief Executive Officer of Mubadala Health commented: “The collaboration will bring Mubadala Health closer in achieving its vision of transforming the regional healthcare landscape. Providing high-quality care to our patients is at the core of everything we do. It is, therefore, a privilege to have the opportunity to share and provide our expertise and knowledge to patients in the wider region, and who are currently underserved in this field.”