DI buys 26.75% equity stake in King's College Hospital

11/11/2015 06:15 AST

Dubai Investments will invest in a multi-disciplinary hospital and several daycare clinics in Dubai for UK's King's College Hospital London.

Dubai Investments will contribute 26.75 per cent of equity for the $200 million project. King's College Hospital operates a clinic in Abu Dhabi, which celebrated its first anniversary recently. Dubai Hills will host an 80 to 100 bed hospital scheduled to open in 2018. The hospital will specialise in paediatrics, endocrinology, orthopaedics and obstetrics and gynaecology - as well as other acute and general medical services.

The clinics will open towards the end of 2016 and in 2017 across Dubai. A significant proportion of healthcare professionals will join King's College Hospital Dubai from the UK.

Humaid Al Qutami, chairman of the board and director-general of the Dubai Health Authority, said: "The UAE offers extraordinary healthcare services in many fields and is committed to maintaining and developing clinical excellence for its residents, as well as medical tourists expected to travel here for treatment."

Khalid Bin Kalban, managing director and CEO of Dubai Investments, said: "We look forward to working closely with the King's College Hospital management to support the future healthcare needs of the UAE community. This new equity partnership is integral to Dubai Investments' strategy to consolidate its presence in diversified businesses, amidst growing market opportunities the healthcare sector presents."

Khaleej Times