Abdul Latif Jameel expands role in Mideast water sector

Almar acquired Mubadala Infrastructure Partner’s water investment in Muharraq STP Company (MSC).
Updated 13 May 2019
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Abdul Latif Jameel expands role in Mideast water sector

Abdul Latif Jameel Energy has stepped up its active participation in tWhe Middle East’s water sector with two agreements expanding its presence in Egypt and Bahrain. 

Almar Water Solutions, Abdul Latif Jameel Energy’s dedicated water solutions unit, formed a joint venture with HA Utilities, part of Hassan Allam Holding, to provide sustainable water infrastructure solutions to municipal and industrial clients across Egypt. 

The JV will work on developing sustainable water solutions, including water and wastewater management, and BOT (build, operate and transfer) and BOO (build, own and operate) projects in Egypt. The JV also intends to take an active role as a special purpose vehicle (SPV) investor and an operation and maintenance (O&M) supplier, as well pursuing new greenfield projects, and exploring acquisitions of brownfield assets and O&M service companies. 

In a separate deal, Almar acquired Mubadala Infrastructure Partner’s water investment in Muharraq STP Company (MSC), which has a 29-year concession to build, own and operate a 100,000 cubic meter/day, state-of-the-art wastewater treatment plant and sewer conveyance system in Bahrain. The conveyance system includes the first 16.5 km deep gravity sewer trunk pipeline in the GCC region and a wastewater collection network.

Fady Jameel, deputy president and vice chairman of Abdul Latif Jameel, said: “Governments across the region are pursuing ambitious policy programs, such as Vision 2030 in Saudi Arabia, and sustainable development and resource management is key to their success. These investments follow our strategy to own and operate water assets in the region and beyond. The Middle East and Africa face some of the most pressing water challenges anywhere in the world as rapid development and growing populations put pressure on already scarce water resources. Almar’s expertise in desalination and wastewater management can help meet this growing demand.” 

These transactions mark further significant steps forward for Almar Water Solutions and Abdul Latif Jameel Energy’s growth across the region, which has recently included winning contracts to develop one of the world’s largest desalination projects in Al-Shuqaiq on the Red Sea coast of Saudi Arabia, and Kenya’s first large-scale desalination plant in Mombasa, which together will supply drinking water to close to 3 million people.


CMRC admits first patients to new Saudi clinic

Updated 21 May 2019
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CMRC admits first patients to new Saudi clinic

Cambridge Medical and Rehabilitation Center (CMRC), a top post-acute rehabilitation and long-term care facility in the UAE, has admitted 15 patients to its first medical facility in Saudi Arabia. 

CMRC’s new 60-bed clinic, located between Dhahran and Alkhobar, aims to help patients requiring post-acute care and rehabilitation services to make large improvements in their quality of life through multidisciplinary rehabilitative therapies including physiatry, physiotherapy, occupational therapy, speech and language therapy, and multi-sensory room sessions. 

The facility is staffed by multiple clinical experts including GPs, internal medicine consultants, pediatricians, ICU intensivists, rehabilitation consultants, psychologists and therapists, and will service patients across the eastern region of Saudi Arabia. 

It follows the same clinical procedures and protocols successfully implemented in facilities in the UAE, similarly benefiting from the center’s international partnership with the Spaulding Rehabilitation Network, a teaching affiliate of Harvard Medical School, and accreditations from Joint Commission International, CARF and Planetree.

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CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

CMRC Group CEO Dr. Howard S. Podolsky said: “We expand into countries where there is notable demand for post-acute care and rehabilitation services. Like many countries around the world, Saudi Arabia is experiencing a rise in the incidence of non-communicable diseases, birth defects, and life-threatening injuries. Our new facility brings our world-class medical treatment, care, and rehabilitation therapies to the Kingdom through a truly patient-centric approach.”

He added: “We look forward to helping families in the region improve their quality of life and using our international expertise and specialized workforce to support the government of Saudi Arabia’s focus on health care development, as part of Saudi Vision 2030.” 

CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

Dr. Helmut Schuehsler, CEO of TVM Capital Healthcare and board member of CMRC, said: “We believe that private equity investment should be a force for good, and that by working in health care, we have a real opportunity to make a difference to patients’ lives. Therefore, we conceptualized and invested in CMRC in the UAE to cater to those in need of post-acute care and an elevated level of rehabilitation. CMRC grew to be the leading post-acute care and rehabilitation provider in the UAE. We are very happy to bring the offer to the people of Saudi Arabia now.”

CMRC offers both inpatient services at its medical centers and outpatient therapy, where patients follow a rehabilitation program after discharge. The company employs more than 500 staff members across all facilities.