(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.