Akdital Fuels $1.6 Billion Gulf Push to Capture 50% Revenue by 2030

Morocco's Akdital Holding, the nation's largest private health-care provider, has announced a $1.6 billion expansion plan targeting Saudi Arabia and the United Arab Emirates. The company intends to establish as many as eight new clinics in the Gulf by 2030, leveraging equity funding and bond issues to finance the venture.

. The expansion, which began in July with a contract to manage Al Mishari hospital in Riyadh, reflects growing Gulf demand for private health services and Akdital's strategic shift toward international markets.

Akdital's CEO, Rochdi Talib, revealed that the company is prioritizing cities such as Mecca and Dubai for its new clinics and expects up to half of its revenue to come from foreign operations by 2030. The firm will also use its property unit, Tazak, to secure $700 million in funding by acquiring real estate and building new facilities in the region. Family offices from across the Arab world, including Morocco, Saudi Arabia, and the UAE, are expected to contribute to the property investment.

In addition to real estate funding, Akdital will issue bonds in the domestic market to raise an additional $86 million this year. The company previously raised 1.2 billion dirhams in a bond offering earlier this year, indicating strong investor confidence. The firm plans to convert Tazak into a Real Estate Investment Trust and list it on the Moroccan bourse by 2027, a move that could attract further investment.

A Strategic Expansion into Competitive Markets

Akdital's foray into the Gulf comes amid intensifying competition in Morocco's private health-care sector. With a domestic footprint covering more than half of the country's provinces, the company has thrived under new regulations and rising middle-class purchasing power. However, the expansion is also a response to domestic pressures, as private clinics multiply and capture market share.

The company has already seen success in Morocco, where it operates about 40 hospitals. The 2022 local IPO raised $112 million, fueling its domestic growth and setting the stage for overseas ambitions. Now, with a clear focus on Gulf markets, Akdital is positioning itself to benefit from the region's growing healthcare infrastructure and investment in digital health solutions, a trend noted in recent reports.

Risks and Opportunities in the Gulf

The Gulf expansion carries both significant opportunities and risks for Akdital. The region is undergoing a healthcare transformation, with Saudi Arabia and the UAE investing heavily in modernization, AI-driven tools, and e-health platforms. This environment could help Akdital scale quickly and establish itself as a key player in the region's private health-care sector.

However, the company must navigate complex regulatory environments and intense local competition. While Gulf family offices and institutional investors are expected to support the project, Akdital must demonstrate its ability to adapt to regional market dynamics and maintain high standards of care. The company's success will depend on its ability to integrate new facilities quickly and efficiently into its existing operations.

What This Means for Investors

For investors, Akdital's Gulf expansion represents a bold but calculated move into high-growth markets. The company's strategy to generate up to 50% of revenue from international operations by 2030 signals a long-term commitment to global diversification. The proposed listing of Tazak as a Real Estate Investment Trust in Morocco could also attract a new class of investors seeking exposure to Gulf property development through a regulated and transparent vehicle. In the short term, investors will watch closely as the company raises funds through bonds and equity, and how it executes the build-out of new facilities. The Gulf healthcare market is expanding rapidly, driven by digital transformation and population growth, and Akdital's ability to capture market share will depend on its speed and execution.