Ashish Banga

The 2025 Healthcare Odyssey

Welcome to the first edition of Law Update for 2025. As we begin this exciting year, we are pleased to turn our attention to one of the most dynamic sectors in the UAE and the broader GCC region – healthcare. Over the past several years, the region has seen unprecedented growth in this sector, driven by legislative advancements, technological innovations, and the increasing focus on sustainability and AI. As such, healthcare is set to be one of the most important sectors in the coming decade.

In this issue, we explore key themes that are significantly shaping the future of healthcare in the UAE, such as recent changes in foreign ownership laws. These reforms present a major opportunity for foreign investors, opening up new avenues for international collaborations and improving the overall healthcare infrastructure. The changes in ownership laws are an important milestone, and we provide an analysis of what this means for the industry and the various players involved.

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Biography

Ashish Banga is Senior Associate in the Banking and Finance department at Al Tamimi & Company. He has experience in the area of banking and finance, particularly acting for banks and corporate borrowers in Asia Pacific including India and in the Middle East region for financing transactions.

Since joining Al Tamimi & Company, Ashish has been involved in wide areas of banking and finance in the Middle East including bi-lateral and syndicated lending transactions, guarantee and security documentation and trade financing documentation.

Recent Experience

Lenders in connection with 350 MW Sweihan PV IPP as UAE Counsel in 2017;
An Abu Dhabi based bank in connection with AED 420 million term loan facilities for development of hospitals in 2017;
A syndicate of Abu Dhabi banks in connection with AED 100 million facility for purchase of shares in a media and technology company in 2016;
An Abu Dhabi based bank in connection with AED 450 million facility for financing of a hotel in Dubai in 2016;
An India based bank for securing approximately AED 128 million financing for an Indian private school in Abu Dhabi in 2016; and
An Abu Dhabi based bank for a AED 600 million facility for a refinancing transaction of a hotel group in 2015.