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Mulk Holdings to invest $68mn in two hospitals

Plan includes new facilities in Dubai and Northern Emirates

Dr Shafi Ul Mulk, director of GHID and Mulk Healthcare Division.
Dr Shafi Ul Mulk, director of GHID and Mulk Healthcare Division.

UAE-based multinational conglomerate, Mulk Holdings, announced plans to invest $68mn (AED250mn) building two new hospitals.

The group, which recently opened its premium branch of Global Hawk Imaging & Diagnostics (GHID) Centre in Jumeirah, will build a new 75-bed hospital in Dubai and another 75-bed hospital in the Northern Emirates.

The diagnostics facility in Jumeirah is said to be the largest of its kind in the Middle East, at 14,000ft2, and is equipped with the latest digital technology in radiology and imaging modalities

Dr Shafi Ul Mulk, director of GHID and Mulk Healthcare Division, said the investment is part of the company’s ongoing growth plans.

“We are implementing an ambitious healthcare investment plan at an estimated AED250mn in the next three to five years. This will see setting up a full-fledged, 75-bed capacity multi-specialty Mulk Hospital in the UAE, and rolling out 10 additional GHID centres across the GCC and North African region. The chain of GHID will have a total of 12 premium facilities.”

Mulk Holdings is a AED2bn ($544mn) multinational conglomerate with diversified business interests in construction materials, renewable energy and healthcare. 

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Construction Week - Issue 742
May 23, 2019