Foundation Holdings and its healthcare subsidiary Right Health won two awards at the UAE-India Economic Forum (UIEF) 2019 in Dubai. Foundation Holdings won the Investment Recognition Award for its value-added approach to impact investing by building great companies, maximizing their financial potential, and scaling their social and environmental impact, while its healthcare subsidiary Right Health received the Excellence in Healthcare award.
Abhishek Sharma and Shainoor Khoja, the Chief Executive Officer of Foundation Holdings and Chief Impact Officer of Right Health, received the awards at a special event hosted at the Waldorf Astoria, Dubai International Financial Centre by His Excellency Suhail Al Zarooni, leading Emirati businessman and Guinness World Record holder.
Speaking on the recognition, Sharma said: “The UAE-India Economic Forum has become the pre-eminent platform for the two countries to foster their economic relationship and highlight the benefits of collaboration. At Foundation Holdings, we consistently seek to expand our investments and channel our efforts into value sectors, such as healthcare. Winning these two prestigious categories alongside industry leaders is indeed an honor, and we aim to maintain this performance as we continue to contribute to boosting business ties between the UAE and India.”
Bilateral relations between the UAE and India have strengthened in recent years, driven by frequent leadership visits, a comprehensive strategic partnership and close co-operation across economic sectors. India is one of the UAE’s primary trading partners, accounting for 9.8 percent of its non-oil trade. In 2017, trade between the two countries totaled US$50 billion, with exports from India to the UAE amounting to US$28 billion and India’s imports from the UAE reaching US$22 billion. The two countries have set an ambitious target of raising bilateral trade to US$100 billion by 2020.
Foundation Holdings is a strategic global investment firm focused on building sustainable, industry-defining companies in the impactful healthcare, education and consumer sectors across India and the GCC region.
Foundation Holdings launched Right Health in January 2018 as the UAE’s largest and fastest-growing value healthcare organization, established through the acquisition, integration and launch of a total of 58 medical facilities. The company’s network serves approximately 1 million patients annually.