Dubai Investments, a building to dairy products company, has increased its healthcare portfolio with a 20 percent stake in an equity partnership in the 465 million dirham ($126.6 million) Clemenceau Medical Centre, which will offer specialty care across multiple disciplines in Dubai Healthcare City Phase 2.
The equity partnership with real estate brokerage and development services firm Khansaheb Investments, 55 percent, and Lebanon-based innovative technology distribution company Crystal Mobile Communication Sal, 25 percent, is the latest addition to the Dubai Investments healthcare portfolio.
The deal also includes an equity partnership for a multi-disciplinary hospital and daycare clinics in Dubai under renowned British teaching hospital King’s College Hospital London.
The building of Clemenceau Medical Centre is now 68 percent complete and the 110-bed specialty care facility is forecasted to open June 2019.