Riyada Clinic, the Kingdom’s first shared healthcare co-working space, recently hosted a senior delegation from the General Authority for Small and Medium Enterprises (Monsha’at), signaling strong national support for its innovative business model. The initiative, a strategic collaboration between Monsha’at and the Ministry of Health, is designed to empower healthcare practitioners and stimulate private sector investment in health.
Key Highlights
This pioneering project is set to transform the healthcare entrepreneurship landscape:
- First in KSA: The first shared healthcare co-working space in the Kingdom.
- Strategic Partnership: A key collaboration between Monsha’at and the Ministry of Health to support the private sector.
- Core Mission: To lower the operational costs and traditional barriers for healthcare professionals to start their own private practices.
- Vision 2030 Alignment: The model directly supports the national vision for economic diversification and a thriving, innovative private sector.
A New Model for Healthcare Entrepreneurship
Riyada Clinic offers a groundbreaking solution for healthcare entrepreneurs by providing a modern, fully-equipped clinical environment with integrated services. This model allows doctors and other practitioners to launch their own projects with significantly lower overhead costs, breaking down the financial barriers that have traditionally hindered entry into the private healthcare market. During the visit, Monsha’at’s Deputy Governor, Engineer Suleiman Al-Tarif, was briefed on how the clinic’s services are building a supportive environment for innovation.
High-Level Support from Monsha’at
The visit from Monsha’at’s leadership underscores the government’s commitment to fostering private sector growth in vital industries. Dr. Abdulrahman Al-Blaiheshi, CEO of Riyada Health, stated that the visit reflects Monsha’at’s deep interest in supporting entrepreneurial initiatives in the health sector and serves as a major incentive to continue providing innovative solutions for medical practitioners.
Driving Innovation and Aligning with Vision 2030
The Riyada Clinic model is perfectly aligned with the goals of Saudi Vision 2030, which aims to build an attractive investment environment and diversify the economy. By enabling more healthcare professionals to start their own businesses, the initiative stimulates innovation, enhances the quality of healthcare services, creates job opportunities, and strengthens the role of the private sector as a key partner in the nation’s sustainable development.
Source: Rowad Al A’mal
