Dubai Investments has bought a 20% stake in Clemenceau Medical Centre’s project planned in phase 2 for the Dubai Healthcare City.
Dubai Investments has grown its healthcare portfolio with a 20% stake in an equity partnership in the US$126.5 million Clemenceau Medical Centre (CMC) project, planned in phase 2 of the Dubai Healthcare City.
The equity partnership with Khansaheb Investments (55%) and CMC (25%) is the latest addition to the Dubai Investments’ healthcare portfolio, which also includes an equity partnership for a multi-disciplinary hospital and day care clinics in Dubai with UK teaching hospital, King’s College Hospital London.
Construction at CMC Dubai Healthcare City is now 68% complete and it is expected to open in June 2019. CMC Dubai Healthcare City will offer six operating theatres, 44 consultation clinics, a cardiac centre, advance and robotic surgery suites, and wide-ranging inpatient and outpatient services.
CMC Dubai Healthcare City is managed by Clemenceau Medicine International and is part of the Clemenceau Medicine Network that includes the Clemenceau medical centre in Beirut, Lebanon, with ones also planned in Riyadh and Jeddah, Saudi Arabia.