$200 million investment brings best of British healthcare to Dubai
Leading teaching hospital King's College Hospital expands its world-class services with launch of hospital and new clinics in Dubai in UAE.
Dubai in the United Arab Emirates (UAE) is set to become home to an 80 to100 bed world-class hospital facility and several clinics which will all be fully integrated with King’s College Hospital’s facilities in London.
This follows on from the successful launch of King’s College Hospital’s flagship Abu Dhabi clinic, which recently celebrated its first anniversary.
UK-based Ashmore Group plc will act as the investment manager for the $200 million project. Al Tayer Group and Dubai Investments PJSC are local equity partners in the project.
Rt Hon Alistair Burt, Minister of State for Community and Social Care at the Department of Health said:
The UK public and private healthcare system is considered among the top in the world. We are extremely excited to expand British healthcare internationally, particularly within the UAE.
Our long-standing ties with the UAE will continue to strengthen with the presence of King’s College Hospital and Clinics in Dubai, combined with the specialist emerging markets investment management experience of Ashmore Group plc.
New healthcare facilities
The first of the facilities to open their doors will be a number of clinics towards the end of 2016 and in 2017.
This will be followed by the 80 to 100 bed multi-specialty King’s College Hospital Dubai scheduled to open in 2018. The hospital will offer 4 main specialties as well as acute and general medical services
- obstetrics and gynaecology
In line with the existing operating model of the Abu Dhabi clinic, all staff and services will be fully integrated with King’s College Hospital London to provide quality, evidence-based healthcare to the UAE. A significant proportion of experienced clinicians will be joining Kings College Hospital Dubai from the UK.
Healthcare UK has a dedicated NHS Development Team to assist NHS and public sector organisations to develop international strategies and create new revenue streams.
About King’s College Hospital in the UAE
Ties between King’s College Hospital and the UAE originate from 1979, when a donation from His Highness Sheikh Zayed bin Sultan Al Nahyan, former President of the UAE, helped establish King’s liver research centre, now amongst the top 3 liver specialist centres in the world.
Over the years, thousands of patients from the UAE have received treatment at the London hospital. The decision to bring its world-class quality to the UAE minimises the necessity for outbound medical travel for Emirati patients.
About King’s College Hospital in the UK
King’s College Hospital NHS Foundation Trust is one of the UK’s largest and busiest teaching hospitals, training over 900 dentists, 750 doctors and 300 nurses every year.
The Trust is recognised in the UK for its leading position across a full range of capabilities and is also recognised internationally for its work in liver disease and transplantation, neurosciences, cardiac, haemato-oncology, stroke and major trauma.
The Trust includes the Princess Royal University Hospital in Bromley and Orpington Hospital, as well as some services at Beckenham Beacon and Queen Mary’s Hospital, Sidcup.
The organisation has over 10,500 staff and provides over 1 million patient contacts a year. 9,000 babies are delivered by each year, and over 750 patients come to its emergency departments every day.
About Ashmore Group plc
Ashmore is a specialist emerging markets asset manager with assets under management of US$51.1 billion (as at 30 September 2015) invested across a number of emerging markets investment themes.
Ashmore is headquartered in London and has offices in China, Colombia, India, Indonesia, Japan, Saudi Arabia, Singapore, Turkey, the United Arab Emirates and the United States.
About Al Tayer Group
Al Tayer Group is a diversified regional business established in 1979 with its headquarters in Dubai, UAE.
Since its inception, the Group has grown rapidly and currently operates in 12 countries in the Middle-East and beyond, with over 9,000 employees. It has built leading operations in multiple sectors, including automotive, contracting, retail and services.
About Dubai Investments PJSC
Dubai Investments PJSC is a leading investment company listed on the Dubai Financial Market with over 19,800 shareholders and a paid-up capital of AED 4 billion. Incorporated in 1995, the company has grown with investments in a number of businesses across 3 core sectors – real estate, manufacturing & industrial and financial investments.
Dubai Investments currently has over 40 subsidiaries and joint ventures under its portfolio, across a wide array of industries and continues to seek new investment opportunities in new sectors, locally and internationally, as part of its strategic expansion plans.