Sanabil Investments, Redesign Health partner over healthcare innovation in Saudi Arabia

Healthcare in Saudi Arabia is getting a bold new makeover. Sanabil Investments, fully owned by the Public Investment Fund (PIF), has teamed up with Redesign Health, a heavyweight in healthcare venture building, to shake things up. Their ambitious partnership aims to launch at least 20 new healthcare companies in the Kingdom, setting a pace few others can match. More than just another business deal, this venture is a strategic step toward making Saudi Arabia a global hub for healthcare innovation.

"We're excited to partner with Redesign Health as we embark on a journey to reshape healthcare innovation in Saudi Arabia," said a Sanabil spokesperson. And who wouldn't be? This isn't just about ideas — it's about real-world impact, from job creation to better patient outcomes.

How will it work?

At the heart of this initiative is the Sanabil Venture Studio by Redesign Health. Think of it as a launchpad where bright minds and big ideas meet serious resources. The studio provides founders with the tools they need to succeed — from ideation to execution. It's an ecosystem designed to foster innovation and commercial traction. Redesign Health brings its proven model of venture building, having helped more than 60 companies get off the ground in just six years.

But it's not a one-way street. Sanabil Investments offers local expertise and an extensive network within the Kingdom. Together, they're creating a blueprint for success, blending global best practices with local know-how.

As Brett Shaheen, CEO of Redesign Health, puts it, "By combining Redesign Health's venture-building expertise with the Kingdom's ambitious focus on healthcare transformation, we have an opportunity to create a new standard for global healthcare innovation."

Why does it matter?

This partnership isn't just another corporate handshake; it's a potential game changer. With Saudi Vision 2030 setting the tone for a diversified economy, healthcare innovation plays a starring role. Thousands of new jobs and entrepreneurial ventures are on the horizon, breathing fresh life into the local economy.

More importantly, it's about improving lives. Better healthcare means healthier citizens, and healthier citizens mean a stronger, more productive nation.

"Venture building represents the future of innovation, especially in complex sectors like healthcare," said a Sanabil spokesperson. And they're right. The venture studio model isn't just fast — it's scalable, sustainable, and focused on long-term growth.

The context

Saudi Arabia's healthcare sector is in the midst of a transformation. With a growing population and evolving healthcare needs, there's a pressing demand for innovative solutions. That's where Sanabil and Redesign Health come in. Their collaboration marks Redesign Health's first foray into an international market — a testament to the Kingdom's rising profile on the global stage.

"Saudi Arabia's rapidly evolving healthcare and business landscape presents an extraordinary opportunity to build world-class healthcare companies," said Adam Jones, Managing Director at Redesign Health.

This partnership, driven by bold ambitions and backed by solid expertise, promises to be a turning point. By nurturing homegrown startups, they're not just keeping up with the times — they're setting the pace.

In short, this isn't just a partnership; it's a vision that comes to life. And for Saudi Arabia, the future of healthcare (and HealthTech) has never looked brighter.

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