|17 June, 2019

KIPCO Group inaugurates The Late Salwa Sabah Al Ahmad Al Sabah Stem Cell and Umbilical Cord Center

Gulf region's first stem cell bank and research center

Abdulaziz Al Jassar

Abdulaziz Al Jassar

‘The center will play a major role in the development of medical services in Kuwait’ says Group representative

Kuwait City: Under the auspices of the Minister of Health, HE Sheikh Dr Basel Humoud Al Sabah, KIPCO – the Kuwait Projects Company (Holding) – inaugurated the Late Sheikha Salwa Sabah Al Ahmad Al Sabah Stem Cell and Umbilical Cord Center.

The center was built with a donation of KD 7 million made by Masharee Al Khair Charity Organization on behalf of KIPCO Group. This is the first center in the Gulf region to be dedicated to stem cell research and the storage of umbilical cords.

The facility, located adjacent to the Maternity Hospital in the Sabah Health Zone, is built over an area of 12,000 square meters and includes testing and research laboratories, blood and cord storage banks, research and medical libraries, as well as a lecture theater.

KIPCO hosted an inauguration ceremony, marking the handover of the building to the Ministry of Health. The event was attended by representatives of the Ministry of Health and senior executives of the KIPCO Group.

The Minister of Health, HE Sheikh Dr Basel Humoud Al Sabah, spoke about the importance of stem cell research and the groundbreaking discoveries made in this area that have a direct impact on the quality of people’s lives and the ability to cure previously incurable diseases. He thanked KIPCO and Masharee Al Khair Charity Organization for the donation, which not only reflects the private sector’s interest in the well-being of the community, but is also a symbol of its commitment to actively supporting the ‘New Kuwait’ Vision 2035.

Speaking at the ceremony, Mr Abdulaziz Al Jassar, KIPCO Group Representative, Board Member and Treasurer of Masharee Al Khair Charity Organization said:

“This center represents one of the forms of partnership between the public and private sectors, which have come together to push forth the development of this nation. We believe that the center, the first of its kind in the region, will play a major role in the development of medical services and science in Kuwait. Our goal, through building this center, is to contribute to healthier living. We look forward to the day when the storage of umbilical cords becomes the norm, and stem cells become the first option to overcome chronic diseases and other injuries that cannot be treated with traditional methods.”

He added:

“We chose to name the center after a woman who made social and charitable contributions for many years, away from the spotlight. We hope that this center will serve to remind us of the legacy of the late Sheikha Salwa Sabah Al Ahmad Al Sabah.”

Following their speeches, HE the Minister of Health and Mr Al Jassar unveiled the commemorative plaque, marking the official inauguration of the center. They were joined by Dr Reem Al Radwan, Director of the Department of Blood Transfusion Services at the Ministry of Health.

The event was concluded with a VIP tour of the facilities.

- Ends -

The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 33 billion as at 31 March 2019. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

The conversion rate used is US$1 to KD 0.30420

Further information:                           
Eman Al Awadhi             
Group Communications Director
Corporate Communications Department
T: +965 2294 3416
M:+965 6033 6399

© Press Release 2019

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