UAE's MBF Group inks deal for $970m Islamabad medical city project

UAE-based MBF Group has announced an agreement to establish a $970 million integrated medical city in the Pakistani city of Islamabad.

The agreement with Ibchez Housing and Nixon will include the construction of a hospital that will provide medical services at international standards.

Sheikh Mohammed bin Faisal Al Qassimi, founder and owner of the MBF Group, said that the project will include a 400-bed university hospital and will also feature the country’s first medical mall, therapeutic and recreational areas, a regional cardiology centre, and an orthopaedic centre.

He said that the city will also include a nursing college and is expected to serve some 1 million patients and clients on a monthly basis.

There is a need for such advanced hospitals to serve Pakistan’s growing population, he stressed.

Al Qassimi pointed out that the investment provided for the medical city has reached $970 million, while noting that its land has been purchased, as well as the desire of all parties to complete the project on time.

He added that MBF will manage the city’s 1,000 medical, technical and administrative staff, who will all be Pakistanis, and is responsible for providing medical equipment and beds.

Nixon will represent the group in Pakistan, and the medical city will be their first joint project, he said.

Arabian Business.com Contribution Time: 26-Aug-2018 05:18 (GMT)
Arabian Business.com Last Update Time: 26-Aug-2018 05:18 (GMT)