Indian medical group makes foray into GCC

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  1. ejazr

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    Oct 8, 2009
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    gulfnews : Indian medical group makes foray into GCC

    Muscat The $15 billion (Dh55.08 billion) medical industry is growing at more than 17 per cent annually in the Gulf Cooperation Council (GCC) and there's scope for new hospitals in the region, according to Suresh Soni, Chairman and CEO of India-based Nova Medical Centres.

    He announced that the group, which started from Bengaluru in India, has plans to invest more than $20 million in the GCC in the next three years. "We have started with Oman and aim to spread across all six GCC member states as well as Egypt," he said during a media briefing to announce the Nova group's tie-up with Oman's Omzest Group to start a surgical centre in Muscat.

    "We have 49 per cent stake with Omzest for our Oman operations and we will be together in opening Nova branches across the GCC and Egypt," he said. Soni also added that Omzest group had acquired 12.5 per cent stake in Nova's Indian venture. Nova opened a polyclinic in Al Khuwair area of Muscat on Sunday.

    "By the end of this year, we will open a super speciality surgical facility in Ghubra area," said Dr Mahesh Reddy, co-founder of Nova Medical Centres. The group plans to open about seven super-speciality surgical centres in the region in two to three years.

    "We have been pioneer in short-stay surgical procedures in India and intend to do the same in the region," he said.

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