Emirates Growth Fund Announces First Investment In Tarmeem Healthcare Holding To Enhance UAE Healthcare Services

Emirates Growth Fund (EGF), supported by Emirates Development Bank (EDB), has made its first investment. It acquired a strategic minority stake in Tarmeem Healthcare Holding LTD, a healthcare provider focused on enhancing patient mobility and life quality. This move aligns with the UAE’s industrial strategy to boost national priority sectors.

Tarmeem Healthcare, based in Abu Dhabi, operates Tarmeem Orthopedic and Spine Specialty Hospital LLC and Tarmeem Medical Centre LLC in Khalifa City A and Al-Ain. Annually, these entities serve over 20,000 patients and plan to double their reach within 18 months. Their model integrates diagnosis, management, and treatment for musculoskeletal conditions using advanced technologies.

Dr. Ahmad Belhoul Al Falasi, Minister of Sports and Chairman of EGF, stated, "This investment in Tarmeem Healthcare exemplifies the Emirates Growth Fund’s mission to close the growth equity gap for UAE-based SMEs. Tarmeem represents the ‘missing middle’ often overlooked by traditional investors. It’s not a start up but also not served by traditional SME funding platforms. Yet, they have great growth potential and by supporting companies with strong fundamentals and national relevance, we are advancing the UAE’s long-term industrial and economic goals."

The investment marks a significant milestone for EGF. Launched to support founder-led SMEs crucial to the UAE's economic future, it focuses on sectors like healthcare, manufacturing, food security, sustainability, and advanced technology.

Najla Al Midfa, Vice Chair & Managing Director of EGF, expressed pride in backing Tarmeem as their first investment. She noted that Tarmeem represents the next generation of UAE businesses that are mission-driven and aligned with the country's evolving needs. As the UAE invests in healthcare sovereignty and resilience, Tarmeem is well-positioned to lead and set new standards of excellence in specialized healthcare.

Founded by Dr. Ali Al Suwaidi in 2019, Tarmeem was established to meet regional demand for high-quality orthopedic services. Dr. Al Suwaidi’s leadership is rooted in his extensive experience across major UAE healthcare institutions.

Future Expansion Plans

The capital from EGF will accelerate Tarmeem's expansion plans. This includes increasing operational capacity at its hospital and medical centres in Khalifa City A and Al Ain. The goal is to enhance access to expert musculoskeletal care while maintaining a commitment to innovation.

Dr. Ali Suwaidi commented on the partnership with EGF: "This partnership with Emirates Growth Fund is about more than just capital. It’s about purposeful growth. Their deep understanding of building enduring institutions, combined with strategic insight, provides us with a powerful platform to expand our reach and elevate the standard of orthopedic care across the UAE and beyond. Together, we’re not just growing; we’re shaping the future of specialised healthcare."

National Healthcare Priorities

The UAE prioritises healthcare localisation under Vision 2031 by investing heavily in specialist services. While progress has been made, there are still opportunities to improve access to premium orthopaedic care nationwide.

EGF will offer strategic guidance on governance and growth strategy as part of its investment in Tarmeem. This support aims to help Tarmeem become a national leader in specialised healthcare services.

By addressing gaps in orthopaedic care access, Tarmeem aligns with national efforts to build a resilient healthcare ecosystem.

With inputs from WAM