Mubadala Healthcare, a unit of Mubadala Development, will open Cleveland Clinic Abu Dhabi (CCAD) on Sowwah Island, Abu Dhabi, in 2013.
The 364-bed hospital, expandable to 490 beds, will be organised into the five institutes of digestive disease, eye, heart and vascular, neurological, and respiratory and critical care.
Mubadala said the outside framework of the hospital was finished in October 2011 and the final phase of construction work will be completed in the second quarter of 2013.
The hospital is scheduled for a full-service opening to patients in the fourth quarter of 2013, hospital officials said.
The new hospital will be a physician-led medical facility served by western-trained, North American board certified (or equivalent) physicians.
Cleveland Clinic has a staff of 170 on ground in Abu Dhabi, including a leadership team and 75% of the physician institute chairs, 80% of whom come from the Cleveland Clinic’s Ohio campus.
Mubadala executive director Suhail Ansari said: "Cleveland Clinic Abu Dhabi will be an outstanding medical facility that brings the very highest international standards of care to patients in Abu Dhabi and the wider region."
"It signifies a long-term investment in our healthcare system that will not only provide the very best care for patients closer to home but also the opportunity for our country’s best and brightest to work within Cleveland Clinic’s esteemed physician-led practice model," Ansari added.
"I am delighted with the progress to date and look forward to seeing the hard work and dedication of all the teams reflected in the tremendous impact that this facility will have."
In 2002, Mubadala Development Company was established by the Government of Abu Dhabi with a mandate to facilitate the diversification of Abu Dhabi’s economy.