UAE’s Burjeel Holdings and Colombia’s Keralty set up JV: Healthcare provider Burjeel Holdings and Colombia’s Keralty set up a joint venture, dubbed Al Kalma, to develop and operate an integrated healthcare system for cost-efficient healthcare in the MENA region, according to a press release (pdf). The project will first begin operations in Saudi Arabia, with plans to expand to the UAE and North Africa later down the line. It will also evaluate options for countries beyond the region, the statement said.

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

The details: The JV will operate specialized primary care centers and offer health risk management services and integrated mental health services, with a target to reach nearly 30 mn patients over the next decade.

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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