World Class Hospital worth US$ 200 Million on schedule to open in Al Barsha 2009
Dubai, May, 18th 2008: The Islamic Finance Company and Bait Al Batterjee Holding announced today that the Saudi German Hospital's construction works have been completed.
The Saudi German Hospital - Dubai, a project undertaken by the Emirates Healthcare Development Company, is the result of a strategic joint venture between the Islamic Finance Company, that hold a 49% ownership stake and the Saudi Bait Al Batterjee Holding that hold the remaining 51% ownership stake.
Given the recent completion of the Saudi German Hospital's infrastructure, the Emirates Healthcare Development Company is now in the process of procuring state-of-the-art medical equipment and supplies, at a cost of US $40 million, to prepare for the official opening of the hospital.
Chairman of Islamic Finance Company, Abdullah Saeed Musallam Al Qubaisi, said: "The Islamic Finance Company is extremely pleased with the Hospital's progress so far. It is an honor for us to be a part of this world class project in partnership with Bait Al Batterjee Holding, under whom the Saudi German Hospital Group operates. As the largest private healthcare company in the MENA region, the Saudi German Hospital Group has a wealth of industry related experience in design, construction and operations. The US$ 200 million Hospital, is built to meet the highest of international standards, and will play a fundamental role in meeting the needs of patients across the region, placing it amongst the top health care facilities in Dubai."
The Saudi German Hospital is being constructed on 90,000 square meters in Al Barsha. It will open in 2009 and will provide approximately 1500 employment opportunities. Sub-specialty departments inside the General Hospital will include; pediatrics, spinal cord surgery, open-heart surgery, a woman's hospital, ophthalmology and an internal medicine department. The hospital aims to provide the best medical services in the U.A.E.
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About Islamic Finance Company
The Islamic Finance Company is a private joint stock company with a paid up capital of AED 1 Billion established in October 2006 with the objective of providing a comprehensive range of Islamic financial solutions as well as asset management services.
About Bait al Batterjee Holding and Saudi German Hospitals Group:
The Saudi German Hospitals Group, part of Bait al Batterjee Holding is considered the largest private Healthcare Company in the MENA region. The group is a multi functional Healthcare company, with in-house knowledge & competence to design, finance, construct and operate world-class hospitals and medical colleges.
For more information, please contact:
Sherine Adham
Assistant Vice President - Business Development
Islamic Finance Company
Phone : + 971 4 314 6666
Direct: + 971 4 509 1849
E-mail: sadham@islamicfinanceco.ae
Lina Husri
PR Account Manager
O2 Public Relations
Mobile: +971 50 280 3580
Email: Lina.h@o2pr.net
© Press Release 2008
