Agreement between the group of ayurvedic clinics Punarnava Ayurveda and the Saudi business group Al-Hokair Group
Recently, important agreement was concluded between Punarnava Ayurveda, the group of ayurveda clinics and resorts in Kochi, and Saudi-based healthcare and tourism firm Al-Hokair group for the jointly establishing of 20 rehabilitation ayurvedic centers in West Asia. The business group offered to invest Rs 300 crore in the ayurveda sector in Kerala and create ayurvedic clinics with world standards.
The contract was signed by A.M. Anwar, MD and chairman of Punarnava Ayurveda and Abdul Muhsin of Al-Hokair chairman of Al-Hokair.
Punarnava Ayurveda currently owns eight clinics in the areas of Thiruvananthapuram, Kollam and Ernakulam as well as a pharmaceutical company in Thrissur. The Al-Hokair business group owns 34 five-star hospitals, 79 entertainment centers and many hotel business schools in Western Asia, Egypt and Turkey. The group also owns the main entertainment brand of Sparky's