Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), entered into a strategic partnership with US-based healthcare venture builder Redesign Health to fast-track healthcare innovation in Saudi Arabia.

The partnership aims to jointly develop and launch at least 20 healthcare companies in the Kingdom, according to a press release.

The collaboration further establishes the Sanabil Venture Studio by Redesign Health, designed to empower founders to launch and scale transformative healthcare companies in Saudi Arabia through an ecosystem of capabilities supporting ideation, commercial traction, and execution.