New healthcare joint venture eyes $1.35 bn Saudi hospital plan

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HealthcareA new joint venture forged between RED House Group, a Beirut-based real estate investment company, and healthcare operator Rizk Healthcare, will soon develop a chain of specialised hospitals in Saudi Arabia.

The partnership will be called RRHH (Rizk RED House Healthcare).

Under the deal, RED house handed RRHH a $1.35bn project for 10 hospitals totalling over 3, 000 beds in Saudi Arabia in a venture with Ebram, a Saudi investment and healthcare firm.

Mazen Beaini, who is the chairman of RED House Group, added that RRHH was aiming to become “one of the major players in the healthcare development and operation sectors regionally” while RRHH chairman Dr Assad Rizk said that this project could give the company a greater role on the healthcare platform in the region.

RRHH will be headquartered in the Beirut Central District, with a branch in Riyadh. A signing ceremony is planned to take place in February 2012.

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A new joint venture forged between RED House Group, a Beirut-based real estate investment company, and healthcare operator Rizk Healthcare, will soon develop a chain of specialised hospitals in Saudi Arabia. The partnership will be called RRHH (Rizk RED House Healthcare). Under the deal, RED house handed RRHH a $1.35bn project for 10 hospitals totalling over 3, 000 beds in Saudi Arabia in a venture with Ebram, a Saudi investment and healthcare firm. Mazen Beaini, who is the chairman of RED House Group, added that RRHH was aiming to become “one of the major players in the healthcare development and...

HealthcareA new joint venture forged between RED House Group, a Beirut-based real estate investment company, and healthcare operator Rizk Healthcare, will soon develop a chain of specialised hospitals in Saudi Arabia.

The partnership will be called RRHH (Rizk RED House Healthcare).

Under the deal, RED house handed RRHH a $1.35bn project for 10 hospitals totalling over 3, 000 beds in Saudi Arabia in a venture with Ebram, a Saudi investment and healthcare firm.

Mazen Beaini, who is the chairman of RED House Group, added that RRHH was aiming to become “one of the major players in the healthcare development and operation sectors regionally” while RRHH chairman Dr Assad Rizk said that this project could give the company a greater role on the healthcare platform in the region.

RRHH will be headquartered in the Beirut Central District, with a branch in Riyadh. A signing ceremony is planned to take place in February 2012.

Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

2 COMMENTS

  2. Guess, word in the above mentioned statement has been wrongly placed as Hotel instead of Hospitals

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