Dubai In­vest­ments ac­quires 20% stake in un­der-con­struc­tion Cle­menceau clinic

Construction Week - - FINANCE -

Dubai In­vest­ments has grown its health­care port­fo­lio with a 20% stake in an eq­uity part­ner­ship in the $126.6m (AED465m) Cle­menceau Med­i­cal Cen­tre ( pic­tured), which will of­fer spe­cialty care across mul­ti­ple dis­ci­plines in Dubai Health­care City Phase 2.

The eq­uity part­ner­ship with Khansa­heb In­vest­ments (55%) and CMC Sal (25%) is the lat­est ad­di­tion to the Dubai In­vest­ments health­care port­fo­lio, which also in­cludes an eq­uity part­ner­ship for a multi- dis­ci­plinary hos­pi­tal and day care clin­ics in Dubai un­der renowned Bri­tish teach­ing hos­pi­tal King’s Col­lege Hos­pi­tal Lon­don. Con­struc­tion of Cle­menceau Med­i­cal Cen­tre is now 68% com­plete, and the 110-bed spe­cialty care fa­cil­ity is ex­pected to open June 2019.

Khalid Bin Kal­ban, manag­ing di­rec­tor and chief ex­ec­u­tive of­fi­cer of Dubai In­vest­ments, said: “Health­care is one of the core de­vel­op­ment sec­tors of the na­tion, and there are con­certed ini­tia­tives to strengthen it and bring world-class med­i­cal fa­cil­i­ties to the re­gion.

“The in­vest­ment is part of a di­ver­si­fi­ca­tion strat­egy into iden­ti­fied sec­tors which achieve key busi­ness ob­jec­tives for Dubai In­vest­ments, align with the long term plans of the UAE gov­ern­ment, and play an im­por­tant role in sup­port­ing the mo­men­tum of the Dubai econ­omy. We will work closely with [Cle­menceau Med­i­cal Cen­tre] man­age­ment to en­sure we de­liver a cut­ting-edge fa­cil­ity that serves the com­mu­nity.”

Cle­menceau Med­i­cal Cen­tre Dubai Health­care City will of­fer six oper­at­ing the­atres, 44 con­sul­ta­tion clin­ics, a car­diac cen­tre, an ad­vance and robotic surgery suite, and wide-rang­ing in­pa­tient and out­pa­tient ser­vices of­fer­ing the lat­est tech­nolo­gies and med­i­cal pro­ce­dures.

It is man­aged by Cle­menceau Medicine In­ter­na­tional and part of the Cle­menceau Medicine Net­work that in­cludes the Cle­menceau Med­i­cal Cen­tre in Beirut, Le­banon and in Riyadh, Saudi Ara­bia. Cle­menceau Med­i­cal Cen­tre Beirut has been se­lected by John Hop­kins Medicine In­ter­na­tional as one of its af­fil­i­ate rep­utable med­i­cal in­sti­tu­tions.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.