Emaar plans US $5bn spend on healthcare
Emaar Properties is to invest US $5 billion (AED18.35 billion) on the construction of hospitals, clinics and medical centres across the Middle East, North Africa and South Asia, over the next 10 years
Emaar Properties is to invest US $5 billion (AED18.35 billion) on the construction of hospitals, clinics and medical centres across the Middle East, North Africa and South Asia, over the next 10 years.
The move follows the creation last year of subsidiary Emaar Healthcare, which will oversee the development and management of around 100 hospitals, each with a 200-bed capacity, and specialised medical centres.
Omar Moawiyah Al Shunnar was appointed head of the new healthcare division in December.
ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œThe healthcare business is not driven by a simple demand and supply equation,ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â? he said.
ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œWhat makes the true difference is quality ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“ not just of the medical services provided but also of the infrastructure support offered. We have a clearly delineated development plan for the healthcare sector, which involves integrating advanced medical infrastructure in key centres.
ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œEmaar Healthcare will also strike strategic partnerships with international specialists to set best practice standards in the region.ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â?
Mohamed Ali Alabbar, chairman, Emaar Properties, said the companyÃƒÂ¢Ã¢â€šÂ¬Ã¢â€?Â¢s expansion into the healthcare sector fits perfectly with its core activity of developing master-planned communities and complements its work in the education sector.
ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œHealthcare is one of our priority growth sectors,ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â? he said.
ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œAnd having steered the sales and marketing operations of Dubai Healthcare City, Omar Al Shunnar brings in a wealth of domain knowledge and experience to strengthen EmaarÃƒÂ¢Ã¢â€šÂ¬Ã¢â€?Â¢s healthcare services plans.ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â?