The Bahrain Economic Development Board (EDB) today announced the signing of a memorandum of understanding (MoU) with Foundation Holdings, a healthcare and educa
Manama (Bahrain), May 26 (ANI/NewsVoir): The Bahrain Economic Development Board (EDB) today announced the signing of a memorandum of understanding (MoU) with Foundation Holdings, a healthcare and education investment firm with major investments in India and the Gulf including Mumbai-based Edutech firm Toppr, to invest Rs 218 crore into launching its affiliate companies in Bahrain, including a new state-of-the-art medical centre focused on specialised healthcare and non-communicable diseases.
Foundation Holdings to invest Rs 218 cr in healthcare, education in Bahrain
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The Bahrain Economic Development Board (EDB) announced on Wednesday the signing of a memorandum of understanding (MoU) with Foundation Holdings, to invest Rs 218 crore into launching its affiliate companies in Bahrain, including a new state-of-the-art medical centre focused on specialised healthcare and non-communicable diseases.
Foundation Holdings is a healthcare and education investment firm with major investments in India and the Gulf including Mumbai-based Edutech firm Topp.
The launch of primary care provider Right Health - an affiliate of Foundation Holdings will be centered around a new research and development centre that, along with a chain of outpatient and diagnostic facilities and pharmacies, will offer a clinical capacity of 150 doctors and nurses capable of serving as many as 500,000 patients annually.
Foundation Holdings invests Rs 218 Cr in healthcare and education in Bahrain
Foundation Holdings invests Rs 218 Cr in healthcare and education in Bahrain 27 May 2021 | News
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The Bahrain Economic Development Board (EDB) has announced the signing of a memorandum of understanding (MoU) with Foundation Holdings, a healthcare and education investment firm with major investments in India and the Gulf including Mumbai-based Edutech firm Toppr, to invest Rs 218 crore into launching its affiliate companies in Bahrain, including a new state-of-the-art medical centre focused on specialised healthcare and non-communicable diseases.
This investment will support Foundation Holdings & EDB’s shared goal of driving meaningful and positive impact in Bahrain’s healthcare and education sectors.
Thursday, 20 May, 2021 - 10:45
The reopening of the King Fahd Causeway boosts real estate investments in Bahrain (Photo: Issa Al-Debaisi) Riyadh - Fatehelrahman Yousif
With the recent re-opening of the King Fahd Causeway linking the Kingdom of Bahrain to Saudi Arabia, following a closure of more than a year, experts expect an increase in Saudi investment flows in the Bahraini real estate sector, as Manama accelerates the implementation of 40,000 housing units that will be delivered by 2022.
In remarks to Asharq Al-Awsat, Ali Al-Mudaifa, Executive Director of Investments at the Bahrain Economic Development Board, said: “During 2020, the real estate sector maintained its position among the ten sectors that contribute the most to Bahrain’s economy.”