Sharjah FDI Forum hits five-year milestone

A panel discussion during the Sharjah FDI Forum 2016 (Archive)
Updated 22 October 2019

Sharjah FDI Forum hits five-year milestone

On Nov.11 and 12, over 1,000 regional and global leaders in business and economic sectors are expected to gather at the fifth edition of the Sharjah FDI Forum to discuss trends that will drive the future of foreign investments in the UAE and the region, training light on how development and strategies can continue to maximize benefits at a time the global economy undergoes radical transformations. 

The event has chosen the theme “Future Trends in Foreign Direct Investment” and seeks to promote policy and investment discussions, which will offer a strong push to sustainable development, responsible investments and inclusive global growth. 

Despite trade barriers and geopolitical tensions, FDI flows to the UAE remained largely unchanged in 2018, at $10 billion (World Investment Report 2019, UNCTAD). The economy is projected to grow 3.3 percent in 2020 supported by a strong 4 percent non-oil growth projected for that year, according to IMF. 

The fifth edition will be held at the Al-Jawaher Reception and Convention Center (JRCC) in Sharjah, and will also highlight the need to create a global innovation mindset that is driven by an open exchange of ideas and enhancing user experiences. 


Al-Murjan, Mediclinic to develop new Jeddah hospital

Updated 01 June 2020

Al-Murjan, Mediclinic to develop new Jeddah hospital

Al-Murjan Group, a Saudi family business group, has partnered with Mediclinic Middle East, an affiliate of the UK’s Mediclinic International, for the establishment of an internationally accredited private hospital with 200 beds in Jeddah. Mediclinic Middle East will manage the hospital and support Al-Murjan Group with expertise and advisory services in planning, design and construction, while the commissioning of the hospital is expected to open by the second quarter of 2022.

Abdulrahman Khalid bin Mahfouz, chairman of Al-Murjan Group, said: “Today, we are pleased to announce the appointment of Mediclinic as our strategic partner for the hospital in Jeddah. We believe this will serve as the cornerstone for high-quality health care services in Saudi Arabia, offering state-of-the-art health care facilities, from some of the best practitioners, using best practices and meet international quality standards, and contribute to the Kingdom’s Vision 2030.

“Al-Murjan has committed itself for over 40 years to delivering excellence in all its areas of work and we view this joint venture as a continuation of that commitment. We welcome Mediclinic into Saudi Arabia and look forward to working together to serve the people of the Kingdom.”

“Al-Murjan Mediclinic will provide more than 1,000 job opportunities, and will create new opportunities for entrepreneurs in the health care sector,” said Sultan Khalid bin Mahfouz, vice chairman of Al-Murjan Group.

David Hadley, chief executive officer of Mediclinic Middle East, said: “We are pleased to announce our strategic partnership with Al-Murjan Group today and Mediclinic’s entry into the Kingdom of Saudi Arabia. There is a growing demand for high quality, internationally recognized standards of health care services in Saudi Arabia. Mediclinic, with more than 35 years’ experience of delivering health care services across Switzerland, Southern Africa and the UAE, is excited by the opportunity to partner with Al-Murjan Group to establish a leading private hospital in Jeddah and further expansion opportunities across Saudi Arabia. We are committed to being an ethical and responsible corporate citizen delivering sustainable, cost-effective, high-quality health care services and outstanding client experiences in all our hospitals and clinics.”

Situated on King Abdul Aziz Road in the northern part of Jeddah, the hospital will address the growing demand for private health care in the Kingdom. The hospital, designed and to be completed in accordance with international standards, will comprise eight floors, offering comprehensive inpatient and outpatient services including general surgery, internal medicine, cardiology, orthopedics, obstetrics and gynecology, pediatrics, emergency, and trauma care.

Phase 1 of the hospital, which is 80,000 square meters, will be built on 18,000 square meters, with an investment of more than SR1 billion ($266 million), with the expansion capacity of another 200 beds on adjacent land set aside for this purpose.