The collaboration seeks to launch at least 20 healthcare companies in alignment with Saudi Vision 2030 goals.

January 15, 2025 | Riyadh, Saudi Arabia
Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund (PIF), has joined forces with Redesign Health, a global leader in healthcare venture building, to advance healthcare innovation in Saudi Arabia. This strategic partnership introduces the Sanabil Venture Studio by Redesign Health, a platform designed to empower entrepreneurs to create and scale transformative healthcare solutions within the Kingdom.

The initiative is closely tied to Saudi Vision 2030, a national transformation program aimed at diversifying the economy and fostering innovation across various sectors.

“We are excited to partner with Redesign Health as we embark on a journey to reshape healthcare innovation in Saudi Arabia,” said a Sanabil Investments spokesperson. “This collaboration aims to improve patient outcomes, create thousands of jobs, and position the Kingdom as a global hub for healthcare innovation.”

Pioneering Venture Building in Saudi Arabia
The Sanabil Venture Studio will leverage Redesign Health’s expertise, which has led to the creation of over 60 healthcare companies since 2018. By integrating Sanabil’s regional knowledge and network, this partnership will address critical healthcare needs while nurturing a thriving entrepreneurial ecosystem.

Brett Shaheen, CEO of Redesign Health, expressed enthusiasm about the partnership: “By combining Redesign Health’s venture-building expertise with Saudi Arabia’s ambitious healthcare transformation, we have an opportunity to set a new standard for global healthcare innovation while enhancing health outcomes across the region.”

Adam Jones, Managing Director at Redesign Health, added, “Saudi Arabia’s evolving healthcare landscape presents a unique opportunity to build world-class companies. We look forward to collaborating with local partners to empower founders in transforming healthcare for the benefit of patients.”

About the Partners

• Sanabil Investments: A subsidiary of the Public Investment Fund (PIF), Sanabil deploys over USD 3 billion annually in global private investments, focusing on venture capital and growth opportunities. With a dynamic and experienced team, Sanabil provides patient capital and unparalleled regional access to its partners.
• Redesign Health: A global healthcare venture builder, Redesign Health has launched over 60 companies since 2018, impacting more than 15 million patients and generating over $1 billion in revenue.