By: Ramy Sameeh
Abu Dhabi-Mubasher: Mediclinic Middle East, a leading international private hospital group in the UAE, allocated over AED 1 billion for its expansion plans in the UAE, the company’s Chief Operating Officer Tarek Fathey said.
“We are currently laying the groundwork for expanding in the region, focusing on the UAE, especially Dubai and Abu Dhabi,” Fathey explained.
“In Dubai, we are working on an expansion project for City Hospital in collaboration with our Swiss subsidiary, in addition to building new hospital to open by 2018 in Al Barsha,” Fathey noted.
Mediclinic is also establishing a major medical center in Khalifa City in Abu Dhabi, as well as other medical centers in Al Gharbia and Al Ain.
The company is currently seeking to make use of its merger with Al Noor Hospitals to support the improvement of its services and local expansion plans, Fathey stated.
In a reply to a question on the possibility of listing Mediclinic’s shares in a UAE exchange, he said that the company has no UAE listing plans on the table.
Mediclinic is listed on London Stock Exchange’s (LSE) main market and has a secondary listing on the Johannesburg Stock Exchange (JSE), the COO said.
The company may list its shares on the Namibian Stock Exchange (NSX), he added.
“We do not have plans in the near future to enter new markets,” Fathey noted.
