Abu Dhabi – Mubasher: Burjeel Holdings has signed a framework agreement to establish a joint venture (JV) AL KALMA with Keralty S.A.S, a Colombia-based multinational health organization.
The alliance plans to develop and operate an integrated healthcare ecosystem to provide value-based care and mental health services in MENA, according to a press release.
AL KALMA will debut in Saudi Arabia and expand to the UAE as well as other Middle East countries. It will leverage Keralty’s healthcare model based on prevention, detection, and management of health risks.
Furthermore, the collaboration aims to extend services beyond the region by evaluating each market and executing the strategy on a country-by-country basis.
The partnership will be operated through a newly formed holding company established in the Abu Dhabi Global Market jurisdiction.
Meanwhile, Burjeel Holdings and Keralty will each hold an equal 50% shareholding.
Joseba Grajales, President of Keralty, said: “This model, successfully scaled from Colombia to numerous countries, is continuously enriched by our collective experiences.”
Shamsheer Vayalil, Founder and Chairman of Burjeel Holdings, commented: “This partnership marks a significant milestone for us as we strive to provide better health for a diverse range of populations.”
“This approach will keep people healthier and out of hospitals, leading to a substantial shift in healthcare delivery,” Vayalil added.
The agreement marks a significant collaboration between Colombia and the UAE, building on the recent Comprehensive Economic Partnership Agreement (CEPA).
Last February, Burjeel Holdings penned a deal with Abu Dhabi Airports to boost healthcare for passengers at Zayed International Airport.
