Saudi group plans hospital, university project in Dubai

Updated 22 January 2014
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Saudi group plans hospital, university project in Dubai

Dr. Soliman Fakeeh Hospital (DSFH), Saudi Arabia’s premier health care concept, is set to build a AED1 billion hospital and medical university project in Dubai Silicon Oasis (DSO), the integrated free zone technology park in the UAE.
Based in Jeddah, DSFH is one of the largest private hospitals in the Middle East with a total capacity of 600 beds.
The project is set for completion in 2017. The medical university will follow by mid-2019, said a DSO source
The planned university hospital will offer 4,000 new jobs for Saudis, Emiratis and others.
Mohammed Al-Zarooni, vice chairman and CEO of DSOA, and Dr. Mazen Fakeeh, president and chairman of the board of Dr. Soliman Fakeeh Hospital, signed the agreement at the DSOA headquarters.
“In our long-standing experience with health care services in Saudi Arabia, we have seen, experienced and treated various illnesses that are peculiar to this region,” Dr. Fakeeh said after signing the agreement.
“Our guiding motto is to utilize and impart the knowledge gained over the years in the field to bring about a marked improvement in health services for residents here. By extending our reach to Dubai from our new premises at the high-tech park, we hope to provide our quality health care to a wider cross-section of GCC residents,” said the chairman.
“We have taken special care to optimally design the hospital for the convenience of patients. As one of the few teaching hospitals in the UAE, we hope to train and enhance the supply of health care professionals who can take their rightful place in the country’s medical resource pool,” Dr. Fakeeh added.
Al-Zarooni said the move to host the hospital and the medical university in DSO is in accordance with the directive of Sheikh Mohammad bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai, to develop the medical tourism industry. The initiative is also a step forward in the implementation of the official strategy to make Dubai a hub for medical tourism,“Al-Zarooni said.
“According to recent statistics, the number of medical tourists receiving treatment is estimated to increase by 15 percent each year. Additionally, health care spending in the UAE is expected to reach AED40 billion by 2015, while medical tourists are set to cross the 20 million mark for the same period,” Al-Zarooni added.
“We are confident that their vision to create a premier medical academic institution matches and balances our efforts to provide a better quality of life to DSO’s residents,” he said.
This project will tick all the boxes through value health treatments, best medical advice, job creation and, most importantly, the creation of a dependable knowledge in the health field that will benefit this region,” he said.
The university hospital will be constructed in two phases on a 150,000 square meter land. The hospital will offer medical services with the new 300-bed teaching hospital.
Equipped to offer secondary and tertiary medical services supported by comprehensive diagnostic centers, the hospital will primarily focus on family and patient-centered services, catering to 700,000 patients per year, with an estimated 40,000 admissions and 20,000 surgical operations.
The proposed hospital will also function as a full-service medical institution, provisioned with centers of excellence in medical and surgical sub-specialties; mother and child health, cardiology and spine surgery, plastic and cosmetic laser surgery, as well as obesity management.
Named after its patron institution, the Fakeeh Medical University has been designed to complement the new hospital’s academic care delivery setup.
The university will additionally offer its students opportunities for wider exposure, through international affiliations for exchange programs with the best medical schools in the world.
In addition, Fakeeh Medical University will partner with local universities, including the Rochester Institute of Technology in DSO, American University of Sharjah, Al Ain University and Dubai Academic City to help foster collaboration among medical students, researchers and clinical care providers.
The university hospital, along with the Fakeeh Medical University, will look to offer theoretical and practical instruction in varied fields.


UAE to loosen visa rules for investors and innovators

Updated 21 May 2018
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UAE to loosen visa rules for investors and innovators

  • UAE cabinet announces the launch of an integrated visa system to attract talent and talent in all vital sectors of the national economy
  • The Council also announced changes in the system of foreign ownership of companies in the country, which allows the acquisition of 100% of the global investors by the end of the year

DUBAI: The United Arab Emirates, home to financial hubs Abu Dhabi and Dubai, is loosening its residency laws and will grant long-term visas for up to 10 years to investors and highly-skilled professionals.
The 10-year residency visas will be granted to specialists in science, medicine and research, and to “exceptional students.” The state-run WAM news agency says the plan aims to attract global investment and innovators.
The UAE Cabinet approved the new rules on Sunday, saying plans are also on track to allow foreign investors 100 percent ownership of their UAE-based companies this year.
His Highness Sheikh Mohammed bin Rashid Al Maktoum affirmed that the UAE will remain a global incubator for exceptional talents and a permanent destination for international investors. “The UAE has been open, governed by tolerance and contributed to by all who live on its land.
“Our open environment, tolerant values, infrastructure and flexible legislation offer the best opportunities to attract international investment and exceptional talent in the UAE,” he said. “Our country is the land of opportunity, the best environment for realizing human dreams and unleashing their extraordinary potentials.”
The new regulations include raising the percentage of global investors’ ownership in companies to 100% by the end of the current year. He directed the Ministry of Economy in coordination with the concerned parties to implement the decision and follow up on its developments and submit a detailed study in the third quarter of this year.
The new regulations approved by the Council of Ministers and the authorities concerned have also set the procedures for implementing them to grant investors residence visas of up to ten years for them and all members of their families, as well as granting residency visas of up to ten years for specialized competencies in the medical, scientific, research and technical fields.
The new regulations also include visas for students studying in the country for five years and a 10-year residency for exceptional students.
Under current laws, foreign companies must have an Emirati owning 51 percent of the shares, unless the company operates in a free zone. Major brands Apple and Tesla are believed to be exceptions to the rule.