Bahrain s healthcare market has been growing at an annual average rate of 12.2 per cent to an estimated $2 billion in 2020, up from about $1.1bn in 2015, underscoring the growing investment opportunity within the key sector, according to the statement. Bahrain is poised to become a major hub for finance, healthcare, education, technology and innovation, Abhishek Sharma, chief executive of Foundation Holdings, said.
Foundation Holdings, a global strategic investment firm, is focused on the healthcare and education sectors in India and the Gulf. It currently holds investments in the UAE, Saudi Arabia and India.
The company will use the funds to set up its portfolio companies in Bahrain, which will create 300 to 500 locally sourced, specialised healthcare jobs, according to the statement.
The Bahrain Economic Development Board (EDB) today announced the signing of a memorandum of understanding (MoU) with Foundation Holdings, a healthcare and educa
Manama (Bahrain), May 26 (ANI/NewsVoir): The Bahrain Economic Development Board (EDB) today announced the signing of a memorandum of understanding (MoU) with Foundation Holdings, a healthcare and education investment firm with major investments in India and the Gulf including Mumbai-based Edutech firm Toppr, to invest Rs 218 crore into launching its affiliate companies in Bahrain, including a new state-of-the-art medical centre focused on specialised healthcare and non-communicable diseases.
Foundation Holdings to invest Rs 218 cr in healthcare, education in Bahrain
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The Bahrain Economic Development Board (EDB) announced on Wednesday the signing of a memorandum of understanding (MoU) with Foundation Holdings, to invest Rs 218 crore into launching its affiliate companies in Bahrain, including a new state-of-the-art medical centre focused on specialised healthcare and non-communicable diseases.
Foundation Holdings is a healthcare and education investment firm with major investments in India and the Gulf including Mumbai-based Edutech firm Topp.
The launch of primary care provider Right Health - an affiliate of Foundation Holdings will be centered 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 capable of serving as many as 500,000 patients annually.
Foundation Holdings invests Rs 218 Cr in healthcare and education in Bahrain
Foundation Holdings invests Rs 218 Cr in healthcare and education in Bahrain 27 May 2021 | News
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The Bahrain Economic Development Board (EDB) has announced the signing of a memorandum of understanding (MoU) with Foundation Holdings, a healthcare and education investment firm with major investments in India and the Gulf including Mumbai-based Edutech firm Toppr, to invest Rs 218 crore into launching its affiliate companies in Bahrain, including a new state-of-the-art medical centre focused on specialised healthcare and non-communicable diseases.
This investment will support Foundation Holdings & EDB’s shared goal of driving meaningful and positive impact in Bahrain’s healthcare and education sectors.