Dubai Investments Invests 34.3% Stake in Global Fertility Partners
Summary
Dubai Investments has invested an equity stake of 34.3 percent in Global Fertility Partners (GFP), a leading network of fertility and reproductive genetics centres across the Middle East.GFP has secured approximately US$60 million in equity financing, giving it the financial backing required to expand its network of fertility and womens health centres across MENA. GFP aims to create the leading fertility network in the region, and one of the top 10 globally. Its goal is to foster global best practices and gain an international reputation for excellence.Commenting on the companys acquisition of equity stake, Dubai Investments Vice Chairman and CEO, Khalid Bin Kalban said,With an initial focus on the Kingdom of Saudi Arabia, the network will deliver multiple benefits for patients including the introduction of new technologies faster and on a larger scale, delivering exceptional clinical outcomes and bringing down treatment costs. GFPs flagship facility in Riyadh is currently under construction and is due to commence operations later this year. The purpose-built facility will raise the standards in fertility care and reproductive genetics, setting a new benchmark for the region.With this funding, GFP will build a number of fertility and womens health centres and a network of satellite clinics across the Kingdom of Saudi Arabia and UAE, with construction commencing in the coming months.