UAE-based multinational holding company KEF Holdings is set to construct a 500-bed Premium Medical Healthcare Providers (PMHP) hospital in Calicut, Kerala.
The facility, which will specialise in tertiary care is being constructed as part of its investments of AED900m ($245m) in Indian operations over the next five years.
The company will make investments in the country through its two business verticals, KEF Infra and KEF Health.
KEF will build the hospital in two phases, which are expected to be completed by April 2015 and the first quarter of 2016 respectively.
Founder and chairman of KEF Holdings Faizal E Kottikollon said: "In line with the Indian government’s ‘Make in India’ vision, KEF Holdings is committed to supporting change through its focus on infrastructure, education and healthcare."
Designed using precast and modular construction technology, the hospital is a joint venture with the PeeKay group of Kerala and cardiologist, Dr Ali Faizal.
KEF Health noted that it intends to reduce the cost of healthcare through creating evidence-based care paths and promoting disruptive healthcare technology.
The company is also building the industrial park at Krishnagiri in Tamil Nadu, India, and will be involved in manufacturing components such as columns, beams, hollow core slabs, wall panels, staircases, windows, doors, bathroom units and facades.
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