UAE-based Thumbay Group has entered into an agreement with the Government of Serbia to establish the Gulf Medical University and Thumbay Hospital in Belgrade.
The agreement was signed by Dr Thumbay Moideen, founder president of Thumbay Group and Dr Zlatibor Loncar, Minister of Health of the Republic of Serbia.
The university and hospital in Belgrade will be built in phases, expected to be fully operational in 2020, a statement said.
“Thumbay Group is looking for equity partners to invest in the project, and we are preparing to go public by 2023,” said Moideen.
He added: “We look forward with great enthusiasm to strengthening our collaborations and to provide new opportunities for mutual cooperation in the areas of education, healthcare and research, our three core areas.”
The agreement is part of Thumbay Group’s plans which aim to increase the size of its businesses about 10 times and increase its employee strength to 25,000 by 2022.
The healthcare firm plans to open three new university campuses across three countries as well as increasing its academic hospital network to 1,000 beds in the UAE, 1,500 beds in India and 750 beds elsewhere in the Gulf and in Africa.
Owned and operated by Thumbay Group, Gulf Medical University, Ajman is the biggest private medical university in the Middle East region. GMU together with the Thumbay Hospital network trains close to 20 percent of the doctors and 60 percent of the healthcare professionals in the UAE.
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