Global giant signs agreement with developers to work on massive healthcare project
Global giant GE has signed a strategic agreement with the developers behind plans to build a $1bn medical city in Oman.
GE said it has inked a deal with Oman's Apex Medical Group (AMG), a subsidiary of Al Joaib Group, to jointly explore development opportunities in healthcare, energy, water and home and business solutions within the project.
Nabil Habayeb, GE's president and CEO for the Middle East, North Africa and Turkey, said: "We are honoured to be the partner of choice for International Medical City which will mark a new transformation in the delivery of advanced healthcare services in the region.
"The partnership with Apex Medical Group is a strategic fit to GE's long-term presence in the Middle East region and Oman, as it underlines how GE shares its competencies across the healthcare, energy, water and lighting solutions to work with our partners to promote sustainable development."
Envisaged as a 530-bed tertiary care multispecialty hospital, the $1bn International Medical City will also include a transplant and dialysis centre of excellence, a rehabilitation centre, and a diagnostic centre of excellence.
Other facilities include a trauma and emergency unit, ambulance services, intensive care unit, blood bank, pharmacy, and organ transplant donor registry, as well as a four-star hotel.
Oman built its last major hospital 20 years ago and a growing population is stretching the Gulf Arab state's health care. The population is expanding at 4 percent a year; the latest official census shows there are 3.2 million people in the sultanate, of which 1.3 million are foreign workers.
Dr Abdulla Al Joaib, president and CEO of Apex, added: "International Medical City marks a new milestone in the evolution of Oman's healthcare infrastructure.
"We need to work with a strong and reliable partner that has proven competencies across all these sectors. GE's proven strengths in all our core sectors complement our long-term growth objectives and we look forward to their strategic counsel in developing the project to world-class standards."
Under the agreement, GE will support the project by providing cutting edge technology as well as developing innovative products during the design and construction period, a statement said.
GE will also support the project with green energy solutions focused on solar, wind and gas power generation, water technologies and lighting with a focus on sustainability, it added.
As part of the agreement, Apex will also explore GE's technologies in organ transplant, life sciences and diagnosis for developing the tertiary care hospital.