iGan Arabia Fund will boost innovation in MedTech with 250 million dollars.

 It will focus on investing in medical devices and digital technologies that improve patient outcomes.

Investment firm Gan Partners, together with Faisal Belhoul, launched the $250 million iGan Arabia regional fund to drive innovation in MedTech in the Middle East and North Africa region.

The fund will focus on investing in AI/cloud-enhanced medical devices and digital healthcare technologies that improve patient outcomes and reduce healthcare costs.And it is that, they specified, it aims to reach the amount of 250 million dollars, through limited associations, however, there are another 250 million dollars in co-investments.

In this sense, HE Jean-Philippe Linteau, Consul General of Canada in Dubai and the Northern Emirates, commented that this new alliance will help their health technology companies to grow and succeed globally.

In turn, Sam Ifergan, founder and CEO of iGan Partners, said that they have identified and discovered numerous innovative opportunities in the areas of digital health, connected medical devices, healthcare IT and artificial intelligence.“These are sectors where iGan brings a lot of experience and we understand what it takes for companies to scale and succeed. Through this first-of-its-kind fund, we will invest locally and showcase CCG's innovations in healthcare to the world."

While Faisal Belhoul, co-president of iGan Arabia, specified that they seek to invest in emerging companies and other companies in the health area, especially in the CCG, and help them evolve as the best in their category.


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