Indian businessman to establish hospitals in S Arabia

Image
Press Trust of India Dubai
Last Updated : May 31 2015 | 12:13 PM IST
A Jeddah-based Indian businessman plans to build two 100-bed hospitals in Saudi Arabia at a cost of 200 million Saudi Riyals and expand his operations to Bahrain by setting up a 150-bed hospital.
Veliyapeediakal Mohammed Ali is an investor in Saudi Arabia for the last 10 years. He is also the first foreign investor to win a Saudi Arabian General Investment Authority license for opening a hospital in the Kingdom.
He is planning to open the two 100-bed hospitals in Ghulail district of Jeddah and Batha district of Riyadh.
"I have bought land and completed required procedures for the Saudi projects. If I get the approval today from the ministry and municipality, I am ready to finish the work in less than two years," said Ali, Managing Director of Jeddah National Hospital (JNH).
"Many Indians and other foreigners are interested to implement investment projects in the Kingdom (Saudi Arabia)," Ali told Arab News said.
"Most of these investors do not know the rules and regulations. SAGIA should appoint an official to guide them how to complete their paper works quickly," he added.
The JNH chief said it was difficult to get qualified Saudi staff in the medical field.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 31 2015 | 12:13 PM IST

Next Story