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Abu Dhabi-listed private healthcare provider Burjeel Holdings has signed a joint venture with Saudi fitness chain operator Leejam, marking its entry into the kingdom.
As part of the deal, Burjeel and Leejam will jointly establish and operate more than 60 clinics across the Gulf state, including comprehensive rehabilitation and sports medicine facilities.
The joint venture will first roll out six centres in the next quarter in Riyadh and expand the services across the Leejam network in Saudi Arabia over the next 12 to 18 months.
Leejam owns and operates 155 “Fitness Time” branded fitness centres in Saudi Arabia and UAE.
$1 billion expansion
Burjeel Holdings has a portfolio of 16 hospitals and 23 medical centres. It signed in August 2022 an agreement with the Saudi Ministry of Investment, as part of its plan to invest up to $1 billion in the kingdom.
The new centres that Burjeel and Leejam intend to establish will offer physiotherapy, restoration and wellness services, including vitamin infusion, oxychambers and cryotherapy.
Complementary medicine services, including Ayurveda and Naturopathy will also be offered as well, with a focus on sports medicine and advanced rehabilitation treatments.
(Writing by Cleofe Maceda; editing by Daniel Luiz)
