This grand project aims to heighten the growing medical tourism business as well as to address the serious scarcity of medical graduates in the country.
Set to create at least 4,000 jobs, the 300-bed Dubai Silicon Oasis University Hospital will have the capacity to accommodate patients a year.
Target to open in 2017; hospital will be built in the Dubai Silicon Oasis Technology Park to cater for about 40,000 admissions and 20,000 operations a year.
The associated Fakeeh Medical University will have centers of excellence in mother and child health, cardiology and spine surgery, plastic and cosmetic laser surgery and obesity management.
Experts in the medical industry said that this project would make people want to come to the Gulf, specifically in Dubai for health care.
As a forecast, about 240% increase in the next 20 years with 80% of medical staff in some hospitals and clinics coming from outside the region and have been trained in more than 50 different countries will be the overall demand for health care in the GCC.