Health UAE’s Burjeel buys Saudi physiotherapy centre By Pramod Kumar December 31, 2024, 11:04 AM Burjeel Holdings The acquisition aligns with Burjeel’s strategy to broaden its footprint in Saudi Arabia Burjeel Holdings has bolstered its presence in Saudi Arabia by acquiring a physiotherapy centre in Makkah. The Specialist Physiotherapy Center was purchased for SAR6.5 million ($1.7 million) by Burjeel KSA, a subsidiary, broadening the Abu Dhabi-listed hospital operator’s footprint in the kingdom. The centre provides hotel physiotherapy solutions designed to support the needs of Umrah and Hajj pilgrims and tourists. The revenue of the centre, founded in 2017, recorded a 2.1-times increase to SAR3.8 million from 2021 to 2023, reflecting strong patient demand and operational efficiency. The centre has 17 physiotherapists and specialises in sports injuries, pediatric care, and post-surgical rehabilitation. It offers high-intensity electromagnetic therapy, cryotherapy, laser treatments, a standalone gym, a yoga studio, and an educational centre. The centre will be integrated into Burjeel’s PhysioTherabia network in Saudi Arabia. In October the company launched 11 PhysioTherabia centres, bringing the total to 28 centres. Burjeel plans to activate new programmes, including pediatric and neuro rehabilitation services, and introduce advanced technologies such as a cryo chamber and the David System for physiotherapy. Healthcare providers from Americas target GCC tie-ups Almoosa Health’s Saudi IPO order book hits $46bn Burjeel profits drop despite jump in patient footfall Increasing the private sector’s involvement in healthcare from 25 to 35 percent through the privatisation of 290 hospitals and 2,300 primary health centres by the end of the decade is among the goals of Vision 2030, according to a report published in spring by Christina Sochacki, senior consultant for Al Tamimi & Company in Jeddah. Furthermore, S&P Global predicted in October that private healthcare in Saudi Arabia would experience “sustainable strong demand” as “most providers plan to expand” amid “favourable demographics, ambitious national transformation programme targets, and relative under-penetration”.
Energy Acwa Power joins China’s renewable energy surge Saudi renewables major Acwa Power has struck joint ventures with Chinese companies to launch two renewable energy projects worth $312 million in China. The company, which trades on the Saudi Exchange (Tadawul), started due diligence on up to eight projects in China, CEO Marco Arcelli said last May. Acwa Power will develop a 132-megawatt (MW) solar photovoltaic […] 4 hours ago
Economy Turkey to get $1bn from World Bank for quake recovery Turkey will receive $1 billion (TL35.43 billion) from the World Bank this year to support the recovery of its earthquake-hit regions, a news report said. The total assistance from the World Bank to Ankara will reach $4 billion since the 2023 earthquakes. The World Bank and the International Finance Corporation work jointly on projects involving […] 2 hours ago
Oil & Gas Iraq, Halliburton near deal to up oilfield output by 500% Iraq is close to finalising a development deal with Halliburton, a US oil services provider, to expand the capacity of its Nahr Bin Omar oilfield by 500 percent, a news report said. The oil ministry and Halliburton are expected to sign a confidentiality agreement in the coming days, Bassem Abdul Karim, director general of state-owned […] 2 hours ago
Real Estate Dubai’s Emaar confirms talks to sell stake in Indian unit Emaar Properties, Dubai’s largest developer, has confirmed talks with companies in India, including Adani Group, for a possible stake sale in its Indian subsidiary. The valuation and other terms of a potential transaction are not finalised, the developer said in a Dubai bourse filing on Thursday. The clarification followed a news article by Mint, an […] 2 hours ago