Partnership to launch 20 healthcare companies in Saudi Arabia
RIYADH, Saudi Arabia, January 15, 2025 – Sanabil Investments, owned by the Public Investment Fund (PIF), has teamed up with Redesign Health, a top healthcare venture builder, to boost healthcare innovation in the Kingdom.
This new partnership will create the Sanabil Venture Studio under Redesign Health. The goal? To help founders start and grow transformative healthcare companies in Saudi Arabia. This initiative supports the Saudi Vision 2030, which aims to strengthen the country’s economy across various sectors.
A representative from Sanabil Investments shared, “We’re thrilled about this collaboration. It’s a chance to change healthcare in Saudi Arabia and improve the lives of many. We aim to create thousands of jobs and position the Kingdom as a leader in healthcare innovation, benefiting local and global patients.”
The spokesperson continued, “Venture building is crucial for innovation, especially in complex fields like healthcare. Partnering with Redesign Health allows us to fast-track our healthcare solutions, enhancing outcomes for everyone involved.”
This venture marks Redesign Health’s first international expansion. By blending their expertise with Sanabil’s strong network in Saudi Arabia, they plan to address the healthcare needs of the population. Redesign Health has successfully launched over 60 companies in the past six years, giving them valuable insights into healthcare innovation and business challenges.
Brett Shaheen, CEO of Redesign Health, expressed enthusiasm for the partnership: “Sanabil’s knowledge of the market is invaluable. Together, we can set new standards for healthcare innovation and improve health outcomes regionally.”
Adam Jones, Managing Director at Redesign Health, added, “Saudi Arabia’s growing healthcare and business environment offers great potential to develop world-class healthcare companies. We can’t wait to work alongside Sanabil and local partners to drive real change for patients.”
About Sanabil Investments – Sanabil Investments is committed to investing over $3 billion annually in global private investments, focusing on venture capital and growth. They bring a team of experienced professionals dedicated to supporting great ideas and businesses.
About Redesign Health – As a leading venture builder, Redesign Health helps founders overcome the challenges of healthcare innovation. Since 2018, they have launched over 60 companies, impacting millions and generating substantial revenue.
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Sanabil Investments, Saudi Arabia, healthcare innovation, transformative healthcare companies, Health, Sanabil
