Abu Dhabi: Emirates Growth Fund (EGF), a UAE growth equity platform for scaling national SMEs supported by Emirates Development Bank (EDB), has announced its first investment with a strategic minority stake in Tarmeem Healthcare Holding LTD. This healthcare provider is noted for its impact on patient mobility and quality of life. The announcement, made at the Make it in the Emirates 2025 event, aligns with the UAE's industrial strategy to boost national priority sectors.
According to Emirates News Agency, this investment represents a strategic milestone for EGF, launched to support founder-led SMEs in sectors crucial to the UAE's economic future, such as Healthcare, Manufacturing, Food Security, Sustainability, and Advanced Technology. Tarmeem Healthcare Holding, based in Abu Dhabi, manages Tarmeem Orthopedic and Spine Specialty Hospital LLC and Tarmeem Medical Centre LLC in Khalifa City A and Al-Ain. Serving over 20,000 patients annually, Tarmeem plans to double its operational footprint in the next 18 months, offering patient-centric services through advanced orthopedic expertise and technologies.
Dr. Ahmad Belhoul Al Falasi, Minister of Sports and Chairman of EGF, stated that the investment underscores the fund's mission to close the growth equity gap for UAE-based SMEs. He highlighted Tarmeem's potential, representing SMEs often overlooked by traditional investors but crucial for advancing the UAE's long-term goals.
Najla Al Midfa, Vice Chair and Managing Director of EGF, expressed pride in selecting Tarmeem as their first investment, recognizing the company's alignment with the UAE's evolving healthcare needs and potential to set new standards in specialized healthcare.
Founded in 2019 by Dr. Ali Al Suwaidi, an experienced orthopedic surgeon, Tarmeem was established to cater to the regional demand for specialized orthopedic and physiotherapy services. Dr. Al Suwaidi's leadership is pivotal to Tarmeem's clinical excellence.
The EGF's capital investment will facilitate Tarmeem's expansion, boosting operational capacity and enabling development of its hospital and medical centers. This expansion aims to enhance access to expert care and reinforce Tarmeem's commitment to innovation.
Dr. Ali Suwaidi, Founder and CEO of Tarmeem, emphasized that the partnership with EGF is about purposeful growth, with EGF providing strategic guidance to help Tarmeem become a national leader in specialized healthcare.
The UAE prioritizes healthcare localization, investing in specialist services under Vision 2031. While progress is notable, opportunities remain to enhance access to premium orthopedic and physiotherapy care. Tarmeem is poised to address this gap, supporting national efforts to develop a resilient, world-class healthcare system.