Bahrain’s Investcorp and rehabilitation service provider VAMED have announced the construction of a hospital complex on Abu Dhabi’s Reem Island.
The complex will include a rehabilitation centre, as well as a hospital for women and children and a family medical centre.
The hospital marks the Investcorp’s third healthcare deal following the announcement of the firm’s healthcare fund earlier in 2018.
According to the company, the first phase of the hospital, the rehabilitation centre with over 100 beds, is targeted to open at the end of 2019.
The second phase will be the women and children’s hospital, which will provide a range of services including general and specialised paediatric surgery and treatments, gynaecology and obstetrics services and a neonatal intensive care unit.
The facility will be operated by VAMED in cooperation with Charite, a university hospital in Berlin, Germany.
Investcorp predicts that the family medical centre will also open by the end of 2019.
“Investcorp has always kept a close eye on the healthcare sector in the Gulf,” said Investcorp executive chairman Mohammed Alardhi. “We are aware of the growing demand for quality healthcare in the region and are keen to play a key role in its development in the short and long-term.”
“Our investment strategy and commitment to the healthcare sector is in line with the UAE National Agenda and long-term economic plans, under its Vision 2021,” he added. “We are excited about this project and the growth potential of this sector as a whole.”For all the latest health tips & news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.