Italy’s GKSD Investment Holding and Gruppo San Donato have announced a $135.8m investment in the UAE and the wider MENA (Middle East North Africa) region for a smart clinics programme and university infrastructure, reported the Emirates News Agency – WAM.

The two companies signed a partnership during the Investopia 2023 Conference being held in Abu Dhabi on 2-3 March.

An MoU was also signed by the UAE Ministry of Economy undersecretary Abdulla Al Saleh, and Paolo Rotelli, vice-president of Gruppo San Donato, a private hospital group in the Italy, in the presence of UAE Minister of Economy and Investopia chairman Abdulla bin Touq Al Marri.

The concept of smart clinics is expected to enhance life quality and create wellness pathways in the MENA region.

The smart clinics programme will feature technology and precision healthcare as the main components.

Abdulla Al Saleh was quoted by the news agency as saying: “The main objective of Investopia platform is to create a global system for investment in new economies, like the healthcare technology sector. We are pleased to witness the launch of smart clinics in the UAE during the Investopia 2023 conference in collaboration with GKSD Investment Holding and Gruppo San Donato.

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“This confirms the vital role that Investopia plays today as a global business destination where investors can meet and explore investment opportunities in the new economic sectors.”

GKSD Investment Holding president Kamel Ghribi said: “The contribution of the UAE in promoting economic development, through the Investopia platform, is commendable. Investopia aims to drive global investments in new economic sectors, including healthcare.

“We are very proud of our strong capabilities in healthcare management and services including acute care treatment, medical education, scientific research in the field of gene and cellular therapies worldwide, as well as the recent strides made in the development of precision medicine, aided by artificial intelligence. We remain focused on expanding cooperation in the MENA region, sharing our GKSD expertise.”