The UAE’s Burjeel Holdings and Colombia’s Keralty have set up a MENA healthcare joint venture that will first begin operations in Saudi Arabia before expanding to the UAE and North Africa further down the line, the two said in a statement (pdf).

What are they doing? The new venture, named Al Kalma, will develop a network of “primary care centers, health risk management, and a new range of integrated mental health services,” the said. It aims to reach some 30 mn patients over the coming decade and will look at potential expansion to countries beyond Saudi, the UAE, and North Africa, the statement added.

Ownership breakdown: Burjeel Holdings and Keralty will each hold 50% stakes in the JV. The investments associated with the JV were not disclosed.

Burjeel Holdings is the first Emirati company to form a joint venture with a Colombian healthcare institution, which comes after the two countries inked a comprehensive economic partnership agreement

About Keralty: Keralty is a multinational health organization based in Colombia, with operations in nine countries, including the US, Brazil and Peru.

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