- Jan 25, 2024
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Pakistan’s Maple Leaf Cement subsidiary to construct $110mn hospital in Islamabad
BRNovacare Hospitals (Private) Limited, a subsidiary of Maple Leaf Cement Factory Limited (MLCF), will construct a $110 million state-of-the-art hospital in Islamabad.
The development was shared by MLCF in a notice to the Pakistan Stock Exchange (PSX) on Monday.
“Novacare Hospitals (Private) Limited, a wholly-owned subsidiary of the company, will start constructing a state-of-the-art hospital in Islamabad, and has signed an international affiliation agreement with Imperial College Healthcare NHS Trust, a leading UK teaching hospital group,” read the notice.
MLCF in its notice shared that the total investment in the project will be $110 million, and the hospital will be located on a 50-Kanal plot in DHA Phase-V, Islamabad.
“The 250-bed hospital will have a covered area of 550,000 square feet and will provide comprehensive tertiary healthcare across 28 clinical services,” it added.
MLCF shared that the hospital is being designed by HKS Inc., a US-based global design firm.
“As a result of its affiliation with Imperial College Healthcare, Novacare will benefit from the expertise of a leading UK teaching hospital group. Novacare will gain expert advisory input from Imperial College Healthcare on models of care, services, and staffing, and aims to implement their clinical standards and protocols.