Dubai, United Arab Emirates: Emirates Development Bank (EDB), the main financial engine of the UAE’s economic diversification and industrial transformation programme, has signed a credit facility agreement with Valiant Healthcare, owner of Valiant Clinic & Hospital, a multi-specialty clinic based in the UAE and Hospital located at CityWalk Dubai. The agreement will extend financing to both capital investments and operating expenses, allowing it to realize its expansion plans and while accessing essential working capital.
The signing ceremony was attended by Ahmed Mohamed Al Naqbi, CEO of EDB, Faisal Juma Belhoul, President of Valiant, and Ahmed bin Juma Belhoul, CEO of Valiant Healthcare LLC, as well as other senior officials of both entities.
Health is one of the priority sectors targeted by EDB with its range of flexible financial and non-financial solutions, due to its development and deployment of advanced technologies, its contribution to non-oil GDP and its importance for development. social and economic. EDB’s patient debt approach, in which financing is available with long tenors, extended grace periods and competitive rates, is available to clients and projects in the UAE that support economic diversification, facilitate the creation of highly qualified jobs and a tangible economic impact.
Ahmed Mohamed Al Naqbi, CEO of EDB, said, “Healthcare is one of the most important sectors in the UAE, both in terms of growth potential and centrality to the well-being of our society. . To meet the growing demand for high-quality clinical and diagnostic services, healthcare expenditure is expected to grow at a CAGR of 6.9%, to reach AED 107 billion by 2029.
“Our agreement with Valiant Healthcare demonstrates our commitment to improving the national healthcare ecosystem by expanding the provision of high-quality healthcare in the United Arab Emirates. Fundamentally and at the heart of EDB’s broader mission, it will also have a significant development impact. This agreement underscores EDB’s role as a strong, trusted and dependable partner for local and international businesses in priority sectors looking to expand or establish their business in the UAE.
Ahmed bin Juma Belhoul, CEO of Valiant Healthcare LLC, said, “With the support of EDB, we will pursue our comprehensive business plan. We will introduce our patients to additional high-end inpatient rooms, in addition to a state-of-the-art catheterization and PE laboratory run by board-certified UK, US and EU doctors, adding value to the entire UAE healthcare sector and in line with Dubai’s vision to be a median tourism hub.
Valiant is a multi-specialty clinic and hospital providing healthcare and wellness services, with the aim of being a destination for unrivaled healthcare services, as well as a central hub for a range full range of surgical specialties such as orthopedic surgery, general surgery, vascular surgery. Surgery, Cardiac Surgery and ENT Surgery. Valiant Clinic & Hospital is proud to be the first hospital in the Middle East to host the entire Brainlab suite, with robotic arm neuronavigation and 3D intraoperative imaging, Valiant Clinic & Hospital aims to continue to offer world-class technology and service to our patients, with a focus on transforming the patient experience from a regular hospital visit to a hotel experience under the care of our highly respected physicians and surgeons.
About the Emirates Development Bank
Emirates Development Bank [EDB], headquartered in Abu Dhabi, was established under federal law by Executive Order No. 07 of 2011 issued by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates. It became operational in June 2015. The Bank unveiled its new strategy in 2021, reinforcing its identity as one of the key drivers of the UAE’s economic recovery. EDB offers financial and non-financial support to SMEs, startups and large companies operating in priority strategic sectors in the UAE, to enhance their contribution to the country’s non-oil GDP. The Bank also provides financial support for housing to nationals of the United Arab Emirates. EDB operates two branches in Abu Dhabi and Dubai. For more details visit www.edb.gov.ae