A new branch of London’s King’s College Hospital is set to open in Dubai following a deal signed with Al Tayer Group and Dubai Investments.
Under the agreement, a new hospital containing up to 100 beds is due to be built at Dubai Hills within Mohammed bin Rashid City at a cost of US$200 million.
It will open in 2018 and focus on four main treatment areas – paediatrics, endocrinology, orthopaedics and obstetrics and gynaecology – as well as providing other acute and general medical services.
The partners have also agreed deals to open between three and four King’s College Hospital clinics on prime sites across Dubai next year and in 2017. Each clinic will have between 10 and 20 doctors on site, depending on location, and in total the partnership will be seeking to recruit up to 700 staff.
A “significant proportion” of experienced clinicians from the UK will be brought over to the hospital in Dubai, and King’s College Hospital said that all staff and services would be fully integrated with its London delivery model.
Humaid Al Qutami, the director general of the Dubai Health Authority, said that the UAE had a relationship with the hospital that stretches back more than 30 years, since the nation’s founder, Sheikh Zayed Al Nahyan, provided a donation that helped to set up the hospital’s specialist liver research centre.
The first King’s College Hospital Clinic in the UAE opened in Abu Dhabi in November last year.
“The UK public and private healthcare system is considered among the top in the world,” said the UK’s health minister Alistair Burt. “Our long-standing ties with the UAE will continue to strengthen with the presence of King’s College Hospital and clinics in Dubai.”
Dubai Investments has taken a 26.75 per cent stake in the new venture. The size of stake held by King’s College Hospital or by Al Tayer Group was not disclosed.
A report published this month by Al Masah Capital stated that spending on health care across the Mena region had tripled during the 10 years to the end of 2013 to $95.8 billion, with GCC spending making up 52 per cent of that, or about $49.8bn.
It predicted that healthcare spending across Mena is likely to hit $144bn by 2020, representing growth of about 8 per cent a year.
Despite this, it argued that healthcare infrastructure in the region remained “inadequate”.
“The region would have to almost double its current hospital bed capacity by 2020 to be at par with the developed nations,” said Shailesh Dash, founder and chief executive of Al Masah Capital.
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What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
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Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Company profile
Name: Fruitful Day
Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie
Based: Dubai, UAE
Founded: 2015
Number of employees: 30
Sector: F&B
Funding so far: Dh3 million
Future funding plans: None at present
Future markets: Saudi Arabia, potentially Kuwait and other GCC countries
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Company%20Profile
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Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
MATCH INFO
Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Namibia beat Oman by 52 runs
UAE beat Namibia by eight wickets
UAE v Oman - abandoned
Oman v Namibia - abandoned
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Honeymoonish
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At Eternity’s Gate
Director: Julian Schnabel
Starring: Willem Dafoe, Oscar Isaacs, Mads Mikkelsen
Three stars
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Education reform in Abu Dhabi
The emirate’s public education system has been in a constant state of change since the New School Model was launched in 2010 by the Abu Dhabi Education Council. The NSM, which is also known as the Abu Dhabi School Model, transformed the public school curriculum by introducing bilingual education starting with students from grades one to five. Under this new curriculum, the children spend half the day learning in Arabic and half in English – being taught maths, science and English language by mostly Western educated, native English speakers. The NSM curriculum also moved away from rote learning and required teachers to develop a “child-centered learning environment” that promoted critical thinking and independent learning. The NSM expanded by one grade each year and by the 2017-2018 academic year, it will have reached the high school level. Major reforms to the high school curriculum were announced in 2015. The two-stream curriculum, which allowed pupils to elect to follow a science or humanities course of study, was eliminated. In its place was a singular curriculum in which stem -- science, technology, engineering and maths – accounted for at least 50 per cent of all subjects. In 2016, Adec announced additional changes, including the introduction of two levels of maths and physics – advanced or general – to pupils in Grade 10, and a new core subject, career guidance, for grades 10 to 12; and a digital technology and innovation course for Grade 9. Next year, the focus will be on launching a new moral education subject to teach pupils from grades 1 to 9 character and morality, civic studies, cultural studies and the individual and the community.