SAUDI ARABIA – Amanat Holdings and Mada International Holding have joined forces to expand and enhance post-acute care across the Kingdom of Saudi Arabia.
In collaboration with Saudi Arabia’s Ministry of Health, Amanat Holdings and Mada International Holding will partner on various Public-Private Partnership (PPP) projects focused on acute rehabilitation services.
Mada International Holding is one of the leading and well-diversified Infrastructure developers based in the Kingdom of Saudi Arabia.
In a press release, Dr. Ibrahim Al Rajh, Chairman of Mada International Holding, stated: “We remain committed to providing world-class healthcare services and facilities to the people of the Kingdom of Saudi Arabia. This latest partnership is a testament to our dedication towards achieving this goal.”
Under the new agreement, Amanat Holdings and Mada International Holding have agreed to design and execute PPP strategies and projects in the context of the long-term care and rehabilitation segment.
The partnership is projected to play a key role in unlocking the potential of significant PPP opportunities in the Kingdom of Saudi Arabia.
“Our shared vision of advancing the healthcare infrastructure in the Kingdom, addressing the demand-supply gap in extended care services, and enhancing the quality of life for citizens and residents has brought us together,” commented Dr. Ibrahim Al Rajh.
Backed by the Ministry of Health, Amanat and Mada International Holding will build healthcare facilities in strategic locations across the Kingdom.
This partnership is a profitable engagement as the global post-acute care market is expected to grow from US$723.57 billion in 2022 to US$771.40 billion in 2023 at a compound annual growth rate (CAGR) of 6.61%.
The post-acute care market is expected to reach $1,008.87 billion in 2027 at a CAGR of 6.94%, according to publicly available data published by ReportLinker.
The post-acute care market includes revenues earned by entities by respiratory therapy, speech therapy, occupational therapy, and physical therapy.
In the pilot phase, Amanat and Mada International Holding will participate in the upcoming 900-bed PPP post-acute care tender in two Saudi cities Riyadh and Dammam.
The combination of Amanat and Mada International Holding creates a powerful strategic partnership with extensive expertise in the Kingdom of Saudi Arabia.
Commenting on this partnership with Amanat, Dr. Ibrahim Al Rajh stated: “We remain committed to providing world-class healthcare services and facilities to the people of Saudi Arabia.”
Both parties have agreed to explore innovative ways to collaborate on executing PPP projects that will contribute to the development of the healthcare sector in the region.
This partnership is in perfect harmony with the shared commitment of Amanat and Mada International Holding to provide world-class healthcare services in the Kingdom of Saudi Arabia.
By working closely together, Amanat Holdings and Mada International Holding will play a crucial role in achieving the outlined strategic objectives laid out under the Kingdom’s healthcare vision.
In his address, Hamad Alshamsi, Chairman of Amanat Holdings, said: “Our partnership with Mada International Holding is a key milestone in Amanat’s value creation strategy.”
This milestone paves the way for implementing development projects that are in line with Amanat Holding’s regional expansion strategies.
Leveraging the expertise of Mada International Holding, Amanat Holdings is seeking to expand regional operations in the Kingdom of Saudi Arabia.
“Through this partnership, we will 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,” noted Hamad Alshamsi.
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