Inovest to target Education, Healthcare Sectors

Inovest’s board of directors announced approving a new three-year strategic plan (2019- 2021) targeting the education and healthcare sectors. The move, Inovest said, follows a thorough review of the company’s deliverables within its previous three-year strategy and aims at delivering INOVEST into a new era of sustainable growth. “Whilst we will maintain our positive performance with the real estate sector, we will also be looking into the fields of healthcare, education, and industry as well as exploring new markets beyond local boundaries, which will add and further enable the Group’s strategic reach,” Yasser Al Jar, CEO of INOVEST said.

Yasser Al Jar further explained that INOVEST has addressed and streamlined internal operations to achieve industry level benchmarks that will pave the way for future growth. The 2016-2018 strategy, which was successfully closed at year end 2018, focused on bringing INOVEST back into profitability, exits from legacy investments, and improved governance in light of challenges that the company has faced.

The group said it has earmarked targets such as strengthening its financial and market position through investment diversification and liquidity enhancement, the creation of a solid backbone of investments, as well as developing investment platforms that deliver long term growth. The new strategy, according to Inovest, adds to the group’s existing real estate investment presence, through sector diversification, with plans to enter into the fields of education, healthcare, and industry as well as to explore investment opportunities in value-added service provisions within the aforementioned fields.