The Bahrain Economic Development Board (EDB) today announced the signing of a memorandum of understanding (MoU) with Foundation Holdings to invest US$30 million into launching its affiliate companies in Bahrain.
The launch of Right Health will be centred around a new research and development centre that, along with a chain of outpatient and diagnostic facilities and pharmacies, will offer a clinical capacity of 150 doctors and nurses to serve as many as 500,000 patients annually.
The agreement also includes launching medical solutions through ProMedEx who will work with the country’s leading private and public hospitals to offer first-class technology orthopaedic and general surgery implants and devices.
The healthcare market in Bahrain has been growing at an annual average rate of 12.2%, from an estimated $1.1 billion in 2015 to an estimated $2.0 billion in 2020, which reflects the growing investment opportunity within this key sector.
