Joint venture to build a sustainable health care center of excellence and strengthen health care services in the Kingdom of Saudi Arabia
Saudi Aramco, a fully integrated global energy and chemicals enterprise, and Johns Hopkins Medicine, a leading U.S. academic health system with extensive experience in elevating care delivery worldwide, today inaugurated a first-of-its-kind health care joint venture in Dhahran, Saudi Arabia. The new company, Johns Hopkins Aramco Healthcare Company, will begin operations on February 1, 2014. Saudi Aramco and Johns Hopkins Medicine each have an indirect ownership interest in the Saudi-registered company. The health care joint venture will bring together Saudi Aramco’s long established health care delivery system and its approximately 350,000 beneficiaries and the world-renowned clinical, education and research expertise of Johns Hopkins Medicine.
Johns Hopkins Aramco Healthcare will deliver high-quality health care to Saudi Aramco’s employees and their families. The partnership will enable growth and diversify and strengthen the provision of medical services in the Kingdom.
“This partnership will result in a comprehensive transformation to further enhance our health care standards, and marks the beginning of a new level of care with new lines of treatment, new and enhanced specialties and subspecialties. It will also enable new forays into research and medical education as well as create opportunities for education and training of medical staff,” said Abdulaziz F. Al-Khayyal, Senior Vice President of Industrial Relations at Saudi Aramco.
Johns Hopkins Aramco Healthcare is expected to fuel clinical innovation, serve as a model in the provision of health care and contribute to the development of the health care industry in alignment with Saudi Aramco’s commitment to enabling growth, opportunities and diversification within the Kingdom’s economy.
For more than 80 years, Saudi Aramco has established a strong, comprehensive health care system that delivers on the company’s commitment to provide quality health care to its employees and health care beneficiaries. The company has been instrumental in building one of the first hospitals in Saudi Arabia.
