MBF Group agrees to build $970mn medical city in Islamabad
Agreement with Ibchez Housing and Nixon facilitates construction at 100,000sqm Gulberg Greens development
Sheikh Mohammed bin Faisal Al Qassimi says his flagship development company MBF Group has reached an agreement with Ibchez Housing and Nixon to build an integrated medical city in Islamabad. Total investment for the project is expected to total $970 million.
Located within the 100,000sqm Gulberg Greens development, the project will include the construction of a 400-bed university hospital which will be capable of delivering international and advanced standards of care in the Pakistani capital. Once completed it is projected to serve 1 million patients and clients on a monthly basis.
The founder and owner of the UAE-based developer added that the medical city will also comprise Pakistan’s first medical mall as well as therapeutic and recreational areas, a regional cardiology centre, and an orthopaedic centre.
The Gulberg Greens Medical City will also be the location of a new nursing college.
MBF Group is working with Nixon for the first time, and its a partner will represent the group in Pakistan, said Al Qassimi. As well as the develoment, the group will manage the city’s 1,000 medical, technical and administrative Pakistani staff and is responsible for providing medical equipment and beds.
In a statement published on WAM, Al Qassimi was quoted as saying there is a growing demand for advanced medical services in Islamabad and provide specialist health services that are in short supply.
