Oman to get $200m Al Madina healthcare complex
The healthcare complex comprising homes and hotels, due to open in 2018, is attracting interest from Islamic banks and Shari'ah-compliant funding facilities
A $200m (OMR72m) healthcare complex will be constructed in Hail Al Seeb, Oman, it has been revealed.
Al Madina Investment will build the 225-bed tertiary care hospital in the Sultanate.
The firm will also construct 120 three-star hotel apartments, 300 residential apartments, a fitness centre, and a retail space.
The development, to be known as Al Madina International Hospital, will open in 2018.
Abdul Samad Al Maskari, CEO of Al Madina Investment, said: "Given the exclusive nature of this project, we have been receiving a lot of interest from investors locally and within the GCC to participate in this healthcare opportunity.
"As we speak, we have local Islamic banks and windows willing to fund this hospital in a Shari'ah-compliant manner".