{"id":371740,"date":"2024-08-07T15:54:49","date_gmt":"2024-08-07T18:54:49","guid":{"rendered":"https:\/\/anba.com.br\/?p=371740"},"modified":"2024-08-07T15:54:54","modified_gmt":"2024-08-07T18:54:54","slug":"brazils-oncoclinicas-sets-up-jv-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazils-oncoclinicas-sets-up-jv-in-saudi-arabia\/","title":{"rendered":"Brazil\u2019s Oncocl\u00ednicas sets up JV in Saudi Arabia"},"content":{"rendered":"\n<p>S\u00e3o Paulo \u2013 Brazilian oncology chain <a href=\"https:\/\/grupooncoclinicas.com\/\" target=\"_blank\" rel=\"noopener\">Oncocl\u00ednicas<\/a> signed a joint venture with Saudi company Advanced Drug Company for Pharmaceutical, whole owned subsidiary of <a href=\"https:\/\/www.linkedin.com\/company\/alfaisaliahgroup\/\" target=\"_blank\" rel=\"noopener\">Al Faisaliah<\/a> conglomerate, to develop an outpatient facility for chemotherapy, radiotherapy, and diagnostic in the city of Riyadh, Saudi Arabia.<\/p>\n\n\n\n<p>Oncocl\u00ednicas announced on Tuesday (6) that the joint venture will be jointly owned by both companies, at the proportion of 51% for Oncocl\u00ednicas and 49% for Al Fasaliah. The expected investment by Oncocl\u00ednicas for this facility is between USD 10-20 million, from construction to maturation. The investment will be incurred over the next 3 years.<\/p>\n\n\n\n<p>Oncocl\u00ednicas estimates a potential revenue, at year 5 of the joint venture, of approximately USD 550 million, and EBITDA of approximately USD 150 million, considering the additional units to be implemented over time and financed with cash flow generation from the Saudi operation itself.<\/p>\n\n\n\n<p>The oncology addressable market in Saudi Arabia is estimated at approximately USD 3 billion in 2024, according to an analysis based on World Health Organization and the Saudi Census data. Al Faisaliah is one of the largest conglomerates in Saudi Arabia, with operations in various sectors, including health, pharma, food, among others.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Brazil&#8217;s <strong>Oncocl\u00ednicas<\/strong><\/h2>\n\n\n\n<p>Founded in 2010 in Belo Horizonte, Brazil, by clinical oncologist Bruno Ferrari, Oncocl\u00ednicas describes itself as a pioneer in oncological services management in Brazil and one of the largest and most respected groups in oncology, hematology, radiotherapy, and genomics in Latin America. Oncocl\u00ednicas currently has 145 units distributed across 39 cities throughout Brazil.<\/p>\n\n\n\n<p><em>Read more:<\/em><br><a href=\"https:\/\/anba.com.br\/en\/brazils-cultural-health-center-seeks-arab-support\/\">Brazil\u2019s Health Cultural Center seeks Arab support<\/a><\/p>\n\n\n\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-371736\">Supplied<\/div>","protected":false},"excerpt":{"rendered":"<p>Brazilian oncology chain announced a joint venture with a subsidiary of the Saudi Al Faisaliah Group to implement an oncology facility in Riyadh. Potential revenue at year five of the joint venture is estimated at USD 550 million.<\/p>\n","protected":false},"author":2316,"featured_media":371736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[50458,50461,11910,9534,50459,50460,50462,9595],"class_list":{"0":"post-371740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-advanced-drug-company-for-pharmaceutical-2","9":"tag-al-faisaliah-group-2","10":"tag-arabia-saudita-en","11":"tag-brazil-en","12":"tag-bruno-ferrari-2","13":"tag-oncoclinicas-2","14":"tag-oncology","15":"tag-saudi-arabia-en"},"wps_subtitle":"Brazilian oncology chain announced a joint venture with a subsidiary of the Saudi Al Faisaliah Group to implement an oncology facility in Riyadh. Potential revenue at year five of the joint venture is estimated at USD 550 million.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/371740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=371740"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/371740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/371736"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=371740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=371740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=371740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}