GE Healthcare signs MoU with Tatweer Medical Co develop advanced diagnostics center in Medical Village project in Riyadh

GE Healthcare has announced a partnership agreement with Tatweer Medical Co., an investment arm of Tatweer Holding, to develop an advanced diagnostic facility in what is expected to become one of the largest specialized private medical campuses in the Kingdom, located near Riyadh’s Diplomatic Quarter. The Medical Village project, set to open in 2020, will host seven specialized hospital buildings with more than 900 beds and 33 stand-alone medical centers delivering high quality care across all areas of specialization.

Through an innovative business model led by private investment, GE Healthcare and Medical Village will create a centralized Diagnostic Radiology Center that will serve the entire development, providing sustainable high-quality diagnostics to support Medical Village in achieving clinical excellence. The center will also provide support to other diagnostic clinics in Riyadh, across the Kingdom and Gulf region, through advanced tele-radiology services.

The agreement was signed by Sheikh Huzam Salama Bin Saidan, CEO of Tatweer Medical, and Jalil Juha, President & CEO, GE Healthcare Saudi Arabia, in the presence of His Excellency Dr. Tawfiq Bin Fawzan Al Rabiah, Saudi Minister of Health, and Dr. Rafat Taher, Managing Director of Healthcare & Life Sciences at Saudi Arabian General Investment Authority (SAGIA); Adnan Abdullah Al-Olayan, CEO of Medical Village; Kieran Murphy, President & CEO, GE Healthcare; and Maher Abouzeid, President & CEO, GE Healthcare- Eastern Growth Markets, at Arab Health Exhibition & Congress 2018 in Dubai.

Dr. Rafat Taher, Managing Director of Healthcare & Life Science at SAGIA, said: “The agreement between Tatweer Medical and GE Healthcare underlines the positive investment environment of Saudi Arabia. Healthcare is one of the core economic sectors that offers promising opportunities for public private partnerships, and Medical Village sets a model in this regard, bringing not only inward investment but also the advanced technologies and know-how that will enhance the standards of healthcare delivery.”                      

Adnan Abdullah Al-Olayan, CEO of Medical Village, said: “The Medical Village project is a visionary development that complements the goals of the Saudi Vision 2030 and the National Transformation Program 2020. As a sophisticated healthcare hub, Medical Village will bring together experienced clinicians and professionals to deliver high quality care for the community. Through our partnership with GE Healthcare, we are creating a diagnostics hub for the entire region that will ensure better and timely diagnosis, which is of critical importance in delivering efficient healthcare.”

Jalil Juha, President & CEO, GE Healthcare Saudi Arabia, said: “GE’s collaboration with Tatweer Medical is testimony to the power of partnerships in enabling enhanced operational efficiency, accuracy and access to clinics and hospitals across Saudi Arabia in line with the Ministry of Health’s National Transformation Plan.  We are proud to see our technology and solutions help build outcome-based care systems that are efficient, cost-effective and still deliver the best quality of patient care possible.”