Arab News, Tue, Oct 22, 2024 | Rabi al-Thani 19, 1446
Al-Baha to build $2bn medical facility thanks to deal signed at Global Health Exhibition
Saudi Arabia:
Saudi Arabia’s Al-Baha region is set to develop a
medical facility worth over SR7 billion ($2 billion), reinforcing the Kingdom’s
commitment to advancing health care infrastructure.
On Oct. 21, Virtus Health Partners, a privately
held investor, signed a memorandum of understanding with the Saudi ministries of
investment and health to develop Jebel Al-Noor Medical City, a planned
world-class facility in the country’s southwestern region.
The signing ceremony took place in Riyadh on the
sidelines of the seventh Global Health Exhibition, hosted in the Saudi capital
from Oct. 21 to 23.
The official MoU signing was attended by the Gov.
of Al-Baha region, Prince Hussam bin Saud bin Abdul Aziz, the Saudi Minister of
Investment, Khalid Al-Falih, the Assistant Deputy Minister for Investment at the
Health Ministry, Ibrahim Al-Omar, and the Saudi Minister of Health, Fahad
Al-Jalajel, along with others.
The project will be an integrated facility
featuring state-of-the-art medical services, treatments, and education, all
within a unified ecosystem, VHP said in a statement.
As part of Saudi Vision 2030, the Kingdom has set
ambitious goals for transforming its medical division through the Health Sector
Transformation Program. This initiative seeks to create a comprehensive,
effective, integrated healthcare system focused on individual and community
well-being.
By restructuring and enhancing the sector, the
program aims to sustain ongoing reforms, strengthen its position, and activate
its various components, ultimately ensuring long-term progress and improvement
in the country’s healthcare infrastructure.
VHP stated that the undertaking would be developed
in phases over 10 years, with the first stage encompassing a medical school
teaching hospital.
“This facility will offer advanced medical
treatments and serve as a practical training ground for medical students,
bridging the gap between education and real-world patient care,” VHP said in a
press release.
The school will offer state-of-the-art facilities
and a curriculum aligned with global standards, providing students with
cutting-edge education and research opportunities.
It will also encompass a faculty of health
sciences focusing on advancing medical education and research across various
fields.
VHP has signed an agreement with the US-based Mayo
Clinic to act as strategic adviser and principal project consultant.
Chairman of VHP Nayef Falah Al-Hajjraf, who has
previously served as secretary general of the Gulf Cooperation Council, stated
that the facility is expected to become one of the most significant medical
cities in the Middle East and worldwide. This distinction stems from its
integrated facilities and programs and the strategic partnerships that will help
transform the agreement into reality.
“JANMC will provide added value to the healthcare
sector, aligning with the promising projects of the Kingdom’s Health Sector
Strategy and Vision 2030 in Saudi Arabia,” Al-Hajjraf said.
He added: “We look forward to the opportunities
this project presents for establishing a world-class academic medical city that
delivers innovative health care and academic offerings to the region.
VHP is a group of investors, industry experts, and
academics advising leading health care institutions and developing landmark
medical investment projects.