NMC Health strikes an alliance for Saudi expansion
Signs agreement with Hassana Investment Co. for a network that will span the kingdom
Dubai
NMC Health said it has signed an agreement with Hassana Investment Co., the investment arm of the General Organisation for Social Insurance (GoSI) of Saudi Arabia, to develop a pan Saudi network of health care facilities.
The memorandum of understanding targets a total investment of SR6 billion (Dh5.88 billion) and the employment of up to 10,000 staff over the next five years, NMC said in a statement. Other UAE based health care providers too are trying to make inroads into the kingdom’s health care sector. (Reuters)