Sanabil Investments and Redesign Health Partner to Revolutionize Saudi Healthcare
Riyadh, Wednesday, 15 January 2025.
Sanabil Investments and Redesign Health collaborate to launch 20 healthcare companies in Saudi Arabia, marking Redesign Health’s first international expansion, aligned with Saudi Vision 2030.
Strategic Vision and Scale
The groundbreaking partnership, announced on January 14, 2025, between Sanabil Investments, a Public Investment Fund (PIF) wholly-owned company, and Redesign Health sets an ambitious target to develop and launch at least 20 healthcare companies in Saudi Arabia [1][2]. This collaboration represents a significant milestone as Redesign Health’s first venture into an international market [1]. The partnership brings together Sanabil’s substantial financial capabilities, investing over USD 3 billion annually in global private investments [1], with Redesign Health’s proven track record of launching over 60 healthcare companies since 2018 [2].
Innovation and Economic Impact
The initiative establishes the Sanabil Venture Studio by Redesign Health, designed to empower founders in launching and scaling transformative healthcare enterprises [1]. ‘Venture building represents the future of innovation, especially in complex sectors like healthcare,’ emphasized a Sanabil Investments spokesperson [2]. The partnership aims to create a dual impact by enhancing healthcare delivery while generating substantial economic opportunities, with plans to create thousands of new jobs and entrepreneurial positions in the Kingdom [2].
Market Expertise and Transformation
Brett Shaheen, CEO of Redesign Health, highlighted the strategic importance of the partnership: ‘We’re excited to partner with Sanabil, whose deep market expertise makes them the ideal partner to help us accelerate the Kingdom’s healthcare transformation’ [1][2]. This sentiment was echoed by Adam Jones, Managing Director of Redesign Health, who noted that ‘Saudi Arabia’s rapidly evolving healthcare and business landscape presents an extraordinary opportunity to build world-class healthcare companies’ [1][2].
Future Outlook
The partnership aligns seamlessly with Saudi Vision 2030’s objectives to create a thriving economy across all sectors [1][2]. With Redesign Health’s track record of impacting over 15 million patients and generating more than $1 billion in revenue through their ventures [2], the collaboration is positioned to establish new standards in global healthcare innovation. Stakeholders and interested parties can follow developments and upcoming ventures through the dedicated platform at sanabil.redesignhealth.com [1][2].