Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Sharjah Health Care City 'will operate as free zone'  Join our daily free Newsletter

MENAFN - Arab News - 15/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The land lease for constructing health care facilities at sharjah healthcare city (shcc) will start by the last quarter of this year said abdulla ali al-mahyan chairman of sharjah health authority and member of the executive council.

the project which is under the directive and vision of sharjah ruler sheikh sultan bin mohammed al-qassimi is at its detailed designing stage.

'our objective is to establish sharjah as the most sought after destination for health care services" he told arab news during an exclusive interview.

'we want to create a one-stop solution for all the health care needs of every individual" said al-mahyan said.

'shcc plans to make it possible by attracting investors across the health care industry to come and operate inside the health care city. we will provide world-class infrastructure easy licensing procedures single-window service etc" said al-mahyan.

'the sharjah health care city will operate as a free zone and the investors will enjoy 100 percent tax and duty free benefits 100 percent business ownership and 100 percent repatriability" he said.

when asked about investments from saudi arabia he said that the kingdom is one among the closest trade partners of uae and 'we realize the importance that the saudi government gives to this sector."

he said: 'we expect a good number of saudi health care investors in shcc. our delegation will be in riyadh during the third week of this month to meet prospective investors along with other segments of sharjah government."

he said shcc was being set up on an extensive area of 1.2 million square meters. it will offer unmatched facilities for health care centers and related services.

'the health-care trend in the region is encouraging. the demand for hospital beds across the region is expected to rise with uae registering the highest projected growth in demand for hospital beds at 160 percent by 2025. by 2020 the gcc may require an excess of 25000 additional beds with the current level of care" he explained citing statistics.

'the sector has been steadily growing for the past decade as the governments in gcc is giving more importance to health care and encouraging investments in the field by attractive proposals. healthcare spending in the gcc region implies a five year cagr of 14 percent. the entire gcc health care market is expected to grow at 12.0 percent per annum by 2018" he further added.

'gcc will require a large sum of health care facilities in near future. sharjah alone has a bed gap of 630 beds for the next two years. we realize this potential of supply demand gap and encourage foreign health care investors to come and operate in shcc" added al-mahyan.

'currently we are in partnership with many leading countries in health care and several mous have been signed in the field of cross- border investments exchange of professional knowledge sharing and training programs".

'discussions are taking place with many others in the same fields. some of such partners are korea singaporegermany and the us" he said.

responding to a question al-mahyan said shcc is open to all kinds of wellness establishments provided they are up to the accepted standards of the service and comply with the authority's norms.

'we are ready to welcome small and large clinics and hospitals wellness centers cam centers research centers traditional healing centers health care logistics units etc" he said.


 


Arab News




  MENA News Headlines
 Aug 30 2015 - Egypt- 13 smuggled medication brands confiscated from prominent Maadi pharmacyDaily News Egypt
(MENAFN - Daily News Egypt) 17 August Ministry of Health raid on a renowned pharmacy resulted in the seizure of 13 drug brands in quantities of 23 packets, according to an official statement on ...

 Aug 30 2015 - Abu Dhabi set for new hotel boomThe Arabian Post
(MENAFN - The Arabian Post) |By TAP Staff| Some 5,200 rooms are expected to be added to the Abu Dhabi hotel sector by 2017. Of this, 2,300 rooms are set to enter the market by the end of 2015 alone, ...

 Aug 30 2015 - Egypt- High-profile figures to push for Fahmy's deportation, others hope for presidential pardonDaily News Egypt
(MENAFN - Daily News Egypt) The three Al Jazeera journalists, Mohamed Fahmy, Baher Mohamed and Peter Greste, received Saturday three year prison sentences in the case also known as the 'Marriott ...

 Aug 30 2015 - 10 water stations closed, investigations ongoing in Assiut after oil leakDaily News Egypt
(MENAFN - Daily News Egypt) The Minister of Environment Khaled Fahmy, along with officials in Assiut and Beni Suef and President of the Central Administration for Environmental Crisis, Kawthar Hefni, ...

 Aug 30 2015 - Arqaam fined for money launderingThe Arabian Post
(MENAFN - The Arabian Post) The regulator of Dubai's financial free zone said on Wednesday it had fined Arqaam Capital $50,000 after investigating the Dubai-based investment bank over compliance with ...

 Aug 30 2015 - Egypt- 2 suspects killed in Fayoum amid accusations of extra-judicial killingDaily News Egypt
(MENAFN - Daily News Egypt) Two men, named as Mohamed Khames and Salem Sayed, were killed Friday morning in Fayoum as police stormed their home, while eyewitnesses claim they were unarmed.The Fayoum ...

 Aug 30 2015 - Egypt- Ministry of Interior denies hackers took down official websiteDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Interior denied Friday evening reports that its website had been taken offline by hackers, despite the claims of a group who say they are responsible for ...

 Aug 30 2015 - Gold headed for biggest monthly drop since 2013The Arabian Post
(MENAFN - The Arabian Post) Gold fell, heading for its largest monthly decline in two years, as the Federal Reserve moved closer to boosting US interest rates for the first time since 2006.While Fed ...

 Aug 30 2015 - Egypt- Endowments ministry partners with state TV to produce weekly segmentDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Religious Endowments launched a religious segment on Saturday in partnership with state television that aims to counter "extremist religious ideology".In ...

 Aug 30 2015 - Turkey launches first coalition airstrikes against ISDaily News Egypt
(MENAFN - Daily News Egypt) Turkish fighter jets have hit "Islamic State" targets in Syria € for the first time as part of the US-led coalition. Turkey took on a more active role in the fight against ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help