Dubai to spend US$ 1.36 bn on Phase 2 of healthcare city, launched
Posted on 27th March 2015
Up to AED5 billion (US$ 1.36 billion) will be spent on the second phase of Dubai Healthcare City which will expand the project by 22 million square feet, it was announced on Wednesday.
The second phase, which will cost between AED3-5 billion, was launched by Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Sheikh Mohammad and Sheikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, deputy Ruler of Dubai, were briefed on the details of the project by Raja Eisa Al Gurg, deputy chairperson of the Dubai Healthcare City Authority, news agency WAM reported.
Raja said the second phase is in line with the UAE Vision 2021 and Dubai Plan 2021, and will enhance the UAE’s reputation as an investment destination in the field of healthcare and medical tourism.
Raja added that 25% of the alloted land has been allocated for medical services, 25% for hospitality and retail.
Pedestrian crossings and bicycle and jogging tracks will also be included.
The second phase will include the Nashami healthcare project that will stretch over a space of 2.4 million sq ft with the capacity to receive 20,000 people. It will include retail stores, hospitality and leisure facilities, as well as rehabilitation facilities that will overlook a waterfront.
Sheikh Mohammad was also briefed on the future projects that will be carried out over the course of the next five years including the Hamdan Bin Mohammad Bin Rashid Al Maktoum College for Medical Sciences and Dentistry and an advanced first aid section, WAM said.
It quoted Sheikh Mohammad as expressing his satisfaction with the launch of the second phase of the DHC project.Back to all Construction News
Share this story: