The partnership was advised by real estate and investment advisory firm JLL’s healthcare team. JLL is growing its offering to respond to upcoming healthcare Public Private Partnerships (PPP) projects in Saudi Arabia, the UAE and Oman that it believes will attract interest from international healthcare operators looking to partner with local investors and developers.
“Regional governments are working actively to enhance the quality of their healthcare,” said Sandeep Sinha, the recently appointed new Head of Healthcare, Strategic Consulting at JLL MENA, who will oversee the growth of JLL’s healthcare practice in the region. “This is a significant time for the industry, particularly with the increase of private investment into the sector, as well as upcoming healthcare PPP projects across the region.”
A statement from JLL explained that Mediclinic Middle East will manage the new hospital and support Al Murjan Group with expertise and advisory services in planning, design and construction, with the commissioning of the hospital expected to open by the second quarter of 2022.
JLL Middle East and Africa CEO Thierry Delvaux said: “The region’s population has been rapidly growing, and over the past five years it has seen an average increase of 2.1 per cent to reach approximately 56.2 million, according to Oxford Economics. This type of population growth is well above the global average growth rate of 1.1 percent.
“Therefore, it is imperative that governments and the private sector continue to actively drive the advancement of healthcare infrastructure in the region.”