KAEC : King Abdullah Economic City (KAEC) and Dr. Sulaiman Al Habib Medical Group (HMG) signed a framework agreement that will pave the way for future healthcare sector cooperation between the two parties. The new partnership comes as part of KAEC’s efforts to engage the Saudi private sector and further develop and unlock its potential as an emerging destination and a vision-ready platform for business, tourism, and living, all while enhancing the city’s quality of life.

Mr. Cyril Piaia, CEO of Emaar the Economic City (EEC), the master developer of KAEC, signed the agreement with Eng. Abdullah Al-Sudais, CEO of Dr. Sulaiman Al Habib Medical Centers, a subsidiary of Dr. Sulaiman Al Habib Medical Group, at Bay La Sun Business Park in the city on 20 March 2023. Dr. Sulaiman Al Habib’s Acting President and CEO Mr.  Faisal Al Nassar, Chief of Business Development and Strategy Mr.  Hesham Al Habib, and Executive Director of Business Development Dr. Mohammed AlAshkar were also present at the signing ceremony alongside EEC’s Head of Commerical Business Development, Kamal AlBorno, and Acting Chief of Assets, Mohammed ElKhatib.

As a strategic partner, Dr. Sulaiman Al Habib Medical Group will play a vital role in the development of a comprehensive healthcare system to promote high-tech preventive, primary, and secondary care in KAEC. Under the terms of the framework agreement, the group will establish a state-of-the-art medical center to provide world-class and integrated healthcare services for the city’s residents and visitors. This will ultimately contribute to greater well-being for all throughout KAEC, in line with international best practices. Furthermore, the facility will offer outpatient clinics supported by emergency medical care, radiology, and laboratory services.

Commenting on the agreement, Mr. Cyril Piaia, CEO of Emaar the Economic City, said: “This new partnership with Dr. Sulaiman Al Habib Medical Group signifies the great significance we place on the healthcare sector at KAEC and reflects our ongoing efforts to improve our growing community’s quality of life. The proposed medical center will provide high-end medical services and we will continue to work with the group to further develop and expand our healthcare sector by leveraging its extensive experience and expertise.”

“I am also pleased to say that KAEC continues to establish itself as an unquestionably Vision 2030-ready platform that attracts developers, investors, and operators on the strength of its advanced infrastructure, state-of-the-art facilities, investor-friendly regulation, and an opportune geographic location. We are steadily growing and will continue to attract national champions such as Dr. Sulaiman Al Habib and global anchors from a diversity of sectors who all seek to establish a presence in KAEC,” added Mr. Piaia.

“This agreement marks the beginning of a fruitful strategic partnership with KAEC, in line with Dr. Sulaiman Al Habib Medical Group’s objective of bringing a diverse range of healthcare services closer to communities, with higher standards that better meet the requirements of modern urban living. Going forward, the group will continue to build similar partnerships that present a comprehensive healthcare model built around digital innovation,” said Eng. Abdullah Al-Sudais, CEO of Dr. Sulaiman Al Habib Medical Centers

The new medical center will also serve as the foundation for the development of a tertiary care hospital in KAEC, which will continue to collaborate with Dr. Sulaiman Al Habib Medical Group. This will ensure that all necessary healthcare services are available as the city’s population continues to grow. EEC will develop a strategic steering committee to engage the medical group as well as develop and regularly review and assess KAEC’s overall healthcare strategy.

Dr. Sulaiman Al Habib Medical Group is one of the Kingdom’s most advanced, fastest growing health care organizations. The group runs 22 healthcare facilities in Saudi Arabia and the United Arab Emirates. Thanks to its meticulous growth strategy, the group is firmly positioned with market-leading capabilities to meet the anticipated growth in demand for quality healthcare services.  


About King Abdullah Economic City

King Abdullah Economic City (KAEC) is an emerging destination centrally located on the Red Sea coast of Saudi Arabia. Located a short distance north of Jeddah, KAEC is a 185 square kilometer city anchored by King Abdullah Port—recently named by the World Bank as the most efficient port in the world—and KAEC Industrial Valley, which is focused on logistics and light manufacturing. Over 100 multinational and Saudi companies have already made their home in KAEC, engaging in diverse activities ranging from advanced logistics to automotive, pharmaceuticals, FMCG, packaging, and building materials manufacturing. KAEC is directly connected to the Haramain high speed railway network and the Saudi National Highways grid, making the city a key node along the Red Sea economic corridor.

KAEC also offers a modern leisure and tourism district which includes over 40km of pristine coastline, several hotels and the award-winning Royal Greens international tournament golf course. In 2021, the city welcomed over 1 million visitors, and has developed a range of lifestyle residential communities for its growing population of full-time residents and second home owners.

With its strategic location, advanced infrastructure and investor-friendly regulation, KAEC is a ready-made platform for Saudi Arabia’s Vision 2030 initiatives. The city serves as a testbed for new government initiatives, has been host of pioneering national events, and is a preferred site for large-scale, strategic projects across many key sectors. A prime example of the country’s commitment to private-public partnership, KAEC is actively contributing to national objectives embodied in Vision 2030, from attracting foreign direct investment to developing the tourism sector, promoting sports, entertainment and the arts, creating new jobs, and growing non-oil exports through companies operating in its Industrial Valley.

KAEC welcomes third party investors, real estate developers and operators to realize their projects and ambitions in the city and accelerate its development. Emaar, The Economic City (EEC) is the master developer of the city and acts as the master planner, primary infrastructure developer, enabler and facilitator of KAEC. EEC is a Tadawul-listed public joint stock Saudi company established in 2006 and is 25% owned by the Public Investment Fund (PIF).