Dubai healthcare specialist targets Saudi PPPs

A Dubai-listed healthcare and education investment company has agreed a partnership with a Saudi-based infrastructure developer to deliver healthcare PPPs in Saudi Arabia.

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Amanat Holdings is teaming up with Mada International Holding in an effort to capitalise on the growing demand for new infrastructure in Saudi Arabia, and will focus on projects brought forward by the kingdom’s Ministry of Health.

In particular, the two companies will work together to bid for the Saudi government’s upcoming post-acute care tender in Riyadh and Dammam.

Earlier this year, the National Center for Privatization & PPP (NCP) released a list of 139 firms that responded to the project’s expressions of interest phase.

“Our partnership with Mada International Holding is a key milestone in Amanat’s value creation strategy, enabling us to immediately collaborate on potential PPP projects in Saudi Arabia’s long-term care and rehabilitation sector, with the goal of accelerating the delivery of our planned 1,000 bed capacity within three years,” said Amanat chairman, Hamad Alshamsi.