Dubai, UAE: Dubai Investments has invested an equity stake of 34.3 percent in Global Fertility Partners (GFP), a leading network of fertility and reproductive genetics centers across the Middle East.
GFP has secured approximately $60 million in equity financing, giving it the financial backing required to expand its network of fertility and women’s health centres across MENA.
GFP aims to create the leading fertility network in the region, and one of top 10 globally, according to a statement. Its goal is to foster global best practices and gain an international reputation for excellence.
Saudi Arabia will be the focus of the investment. GFP’s 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 & reproductive genetics, setting a new benchmark for the region, the statement said.
With this funding GFP will build a number of fertility & women’s health centers and a network of satellite clinics across the Kingdom of Saudi Arabia and UAE, with construction commencing in the coming months. GFP has also identified a strong pipe-line of potential targets for acquisition allowing it to accelerate growth towards building a strong regional platform.
Dubai Investments’ Vice Chairman and CEO Khalid Bin Kalban said, “Through this strategic investment, Dubai Investments will support GFP’s ambitious growth plans by leveraging synergies and solidifying the Group’s dedication to shaping the future of healthcare investments.”
Majd Abu Zant GFP Founder & CEO said, “We’re setting a new standard in fertility and women’s health by focusing on research and innovation, investing in people and technologies, and putting patients first. This funding will allow us to move quickly and build a strong foundation for perpetual growth.”