Dubai: Mulk Healthcare, a subsidiary of UAE-based diversified comglomerate Mulk Holdings, has unveiled a Dh150 million expansion plan that will see the organisation generate Dh400 million in revenue per annum from its Gulf and Indian operations, officials said.
The company on Thursday signed a partnership with Neusoft, a medical equipment supplier with focus on the rapidly growing health care sector.
The company's expansion plan involves setting up 10 multi-specialty diagnostic centres, to be equipped with Mulk-Neusoft co-branded radiology products.
Dr Shafi Ul Mulk, managing director of Mulk Healthcare, told Gulf News his company plans to invest in building hospitals and medicine manufacturing plants eventually. "Today we are just unveiling the immediate expansion plan that will help us to generate Dh400 million per annum by 2012. Gradually, we plan to develop hospitals and medicine and medical equipment manufacturing plants in the GCC," he said.
Qualified personnel
His company is currently on the lookout for qualified medical professionals.
"We are planning to hire between 100-150 professionals in the next two to three years," he said. Mulk Healthcare plans to tap the growing global demand for quality medical products with the initial focus on the Middle East and Indian markets and expand later into the global markets.
Dr Mulk, who is also director of Global Hawk Telemedicine (GHT), said the demand for radiology products is expected to grow 240 per cent by 2015.
Neusoft's Chief Operating Officer Liu-Jian said, "Neusoft has a comprehensive Middle East health care approach to partner with leading health care providers. Neusoft is one of the world's leading medical product manufacturers with a product range from X-ray, MRI and CT-PET which meet economical and international quality standards."
The first GHT diagnostic centre will be operational in Jumeirah by December.
Shaji Ul Mulk, Chairman of Mulk Holdings, said that the group's vision is to be a major health care player in this region by 2015.
The first phase of the Dh150 million expansion will be followed by Mulk hospital and medical colleges in Ajman and Abu Dhabi.
"We will also target the rapidly developing Indian economy and its growing health care market and envisage about Dh700-Dh800 million in annual revenue by 2015."
