Al Qudra Holding along with regional leaders, National Holding, Injazat Capital and Saudi Health Investment Company announced the official launch of Al Qudra Healthcare and Wellness Holding, at a press conference that took place at Emirates Palace, Abu Dhabi on Sunday, December 17. With investments aiming to reach AED20 Billion within the first five years of operations, Al Qudra Healthcare and Wellness Holding will specialize in advancing the healthcare program in the region by utilising the finest global healthcare services and equipment. Furthermore, Al Qudra Healthcare and Wellness Holding signed MOU with Flight Care, University of Pittsburgh Medical Center, and Faust Consult.
Al Qudra Healthcare and Wellness Holding will provide the optimal environment to facilitate the development of a first class Healthcare hub by attracting global players to Abu Dhabi and the region. Services will include, establishing Medical and Nursing schools, Hospital Management, Global Research, Health Insurance, Financial Management and Supply Chain Management related to the health sector as well as establishing the largest network of hospitals in the MENA region and factories for medical supplies.
“We are working hand in hand with government entities, the Ministry of Health in Abu Dhabi and other global leaders in the health industry to advance and upgrade the health services in the United Arab Emirates and the Middle East,” said Eng. Salah Salem Bin Omeir Al Shamsi, Chairman and Managing Director, Al Qudra Holding. “Al Qudra Holding’s investment choice in the Healthcare sector stems from the demand of advanced services related to healthcare field in the whole region,” said Eng. Al Shamsi. “We hope with this investment, we are supporting the plans to place Abu Dhabi as a major healthcare hub.”
As part of its initial plan, Al Qudra Healthcare and Wellness Holding will bring along more than 25 based holding worth 50 Million AED, 7 Imaging Center worth 70 Million AED, 7 Medical Labs with value of 7 Million AED, and regional Hospitals worth 250 Million AED. Annual statistical Report 2006- Ministry of Health.
“Our strategy is to create job opportunities for the national employees in the health sector while attracting global players to Abu Dhabi and support our national resources to compete at global competitive levels.” said Dr. Nariman Al Mulla, Business Development Manager, Al Qudra Holding and COO for Al Qudra Health Care and Wellness. “We will focus on the treatment of Heart Diseases and Caner research in our initial phase and work closely on establishing global partnerships to bring superior services in the regional medical field.”
“We are collaborating working together with the Ministry of Health in Abu Dhabi to ensure all procedures are facilitated and ensure the privatization objectives are met,” said Eng. Al Shamsi. “The first project for Al Qudra Healthcare and Wellness will be establishing the Al Qudra General Hospital, to be based in Abu Dhabi.”
Currently, there are 31 hospitals in the UAE, 27 of which are public. The government has initiated plans to boost the market share of the private sectors which in turns increases the competition in the services provided and results in high quality affordable treatment offered to all residents. (Source: Annual Statistical Report (2004) – Ministry of Health.
“Our partnership with Al Qudra Holding, National Holding and Saudi Health Investment demonstrates our keen interest in advancing the healthcare sector in the region, we look forward to positioning Abu Dhabi as a leader in healthcare services,” said Mr. Hussien Al Rafaei, Managing Director, Injazat Capital.
“We will work closely with government institutions and insurance firms to construct a new methodology to the insurance services in the healthcare sector and ensure it becomes compulsory to all residents throughout the Middle East area.” said Mr. Mohammed Amin, CEO, Saudi Health Investment. “Our services will also include establishing a regional high calibre Medical Advisory Board, providing technical support for asset acquisition, augmenting regional assets to name a few.”
“I am delighted to be collaborating in this consortium today, to put forward the finest services related to the medical and health segment,” said Mr. Vasileios Avdos, “Al Qudra Healthcare and Wellness subsidiary services are not limited to treatment centres but will also include research centres, analysis centres and labs to ensure that the services are continuously being upgraded to meet global standards.”
Al Qudra Holding has previously announced the exclusive contract with the leading Ana Aslan Institute and will soon be announcing partnerships with leading Global leaders in the healthcare sector to establish various hospitals and other healthcare centers.
