Ashmore Group, a specialist emerging markets investment manager, has announced plans to open King’s College Hospital Jeddah (KCHJ) in partnership with a top UK-based healthcare operator.
Building on the success of King’s College Hospital Dubai, Ashmore Group, King’s College Hospital London and Saudi Bugshan Group have announced the start of construction of the hospital.
The hospital is scheduled to open its doors to patients in the second half of 2023, with Ashmore and King’s eyeing further projects in the Gulf kingdom.
The London-based tertiary hospital is part of the world leading UK National Health Service and is also one of the largest teaching hospitals in the UK.
The hospital’s 13,000+ staff in London treat over one million patients every year.
King’s College Hospital Jeddah will cover an area of over 32,000 square metres, with a capacity of 150 beds in the first phase.
The hospital will be staffed with over 1,000 healthcare professionals, sourced from London, Saudi Arabia and the wider Gulf region.
Clinical innovation and smart technologies will be a prominent feature at the hospital, with 40 medical and surgical specialties and four centres of excellence, a statement said.
Ahsan Ali, head of healthcare private equity at Ashmore, said: “We stand true to our ambition and commitment to bringing the best of British healthcare to the region in partnership with King’s College Hospital London.
“Following the success of King’s hospital and clinics in Dubai, entering Saudi Arabia marks a new chapter for King’s and Ashmore, with the first project being a landmark hospital in Jeddah. We expect to follow this with the establishment of similar King’s branded facilities, including specialized centres, in other parts of the kingdom.”
The London and Jeddah hospitals will also share knowledge from established King’s research centres in the UK.
Sir Hugh Taylor, chairman of King’s College Hospital, London said: “We are delighted that King’s, in partnership with Ashmore, is expanding its footprint to Saudi Arabia, following on from the success of our hospital and clinics in the UAE.”
Mark Coombs, CEO of Ashmore Group, added: “Ashmore Group remains committed to supporting Saudi Arabia’s continued development across multiple areas. We have been active in Saudi Arabia over the last two decades and were the first international fund manager to establish local operations with a dedicated team in Riyadh, and we are now excited about playing our role in the development of its healthcare sector by bringing King’s to the country.”
Follow us on
