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.

“The healthcare business is not driven by a simple demand and supply equation,� he said.

“What makes the true difference is quality – 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.

“Emaar Healthcare will also strike strategic partnerships with international specialists to set best practice standards in the region.�

Mohamed Ali Alabbar, chairman, Emaar Properties, said the company�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.

“Healthcare is one of our priority growth sectors,� he said.

“And 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 Emaar�s healthcare services plans.�

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020