Bahria Town Karachi, Asia’s largest private real estate developer, and Bait Al Batterjee Medical Company (BAB), a MENA market leader in healthcare facilities, have signed a historic collaboration agreement that will revolutionize the standards of healthcare in Pakistan.
BAB is the founder of the Saudi German Hospitals, the leading healthcare brand in the region. Under the agreement, the parties will work together to sign binding definitive agreements at the earliest, which will cover BAB building new state-of-the-art hospitals in Lahore, Karachi and Islamabad, according to a time schedule to be agreed by both parties. Arrangements will be sought with the Middle East Healthcare Company (“MEAHCO”), a subsidiary of BAB, to operate the hospitals under the Saudi German Hospitals Brand, BAB will also take over the upcoming new hospital of Bahria Town in Karachi & Lahore as an operator.
President of Bait AL Batterjee Medical Co, Sobhi Batterjee and Chairman Bahria Town Riaz Malik signed the agreement setting the framework for negotiations on the definitive agreements. This breakthrough agreement will pave the way to establish world-class healthcare facilities in Pakistan, which will be second to none in the world. Saudi German Hospital will not only build 150- 00 bedded hospitals in each city of Bahria Town i.e., Karachi, Lahore and Rawalpindi/ Islamabad but also operate the current upcoming Bahria Town hospitals in Karachi & Bahria Orchard Lahore with the possibility of taking over other operations of Bahria town hospitals as well.
Chairman Bahria Town, Malik Riaz Hussain said: “Saudi German Hospitals will be provided with 12 acres land each in Karachi, Lahore and Rawalpindi/Islamabad for the construction of new hospitals. World-class laboratories will be created in all places where Bahria Town is present in Pakistan. Bahria Town’s vision and promise for its nation includes high quality healthcare services and amenities. Bahria Town intends to implement this vision through establishment and operations of high-quality hospitals and healthcare facilities in collaboration with BAB and Saudi German Hospital Group.
He further added that this collaboration will not only provide the required treatment to those in need but will also help establish health sector by providing training and setting an example for the rest. President of BAB, Sobhi Batterjee said: “We are proud to have partnered with Bahria Town on extending the same medical facilities and expertise, that our patients experience in KSA, UAE or elsewhere, to people of Pakistan. We will invest more than $300 million on these projects.”