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Press Release

GE and Oman's Apex Medical Group sign agreement to jointly develop landmark 'International Medical City' Oman project

January 29, 2013

  • International Medical City is envisaged to be the state-of-the-art multispecialty tertiary care hospital with transplant, rehabilitation and advanced diagnostic & medical prevention centers of excellence
  • GE to share its competencies in advanced healthcare technologies, smart energy, water and lighting solutions with a focus on sustainability
  • Project to establish Oman as technology and innovation hub with GE to
    partner in co-creating solutions for local requirements
  • Highlights long-term commitment of GE to Oman, where it has operated for over three decades

Dubai, UAE; January 30, 2013: GE (NYSE: GE) today signed a strategic agreement with Oman's Apex Medical Group (AMG), a subsidiary of Al Joaib Group, the development company and promoter of International Medical City, to jointly explore development opportunities in healthcare, energy, water and home & business solutions within the landmark project that is set to establish Oman as a technology and innovation hub in the healthcare sector.

Nabil Habayeb, GE's President & Chief Executive Officer for the Middle East, North Africa & Turkey, and Dr. Abdulla Al Joaib, President and CEO of the APEX Medical Group, signed the agreement at Arab Health, the Middle East's premier healthcare exhibition and congress, where GE Healthcare is showcasing its advanced technologies that meet the region's fast-growing requirements in the medical sector.

Nabil Habayeb said: "We are honored to be the partner of choice for International Medical City which will mark a new transformation in the delivery of advanced healthcare services in the region. The partnership with Apex Medical Group is a strategic fit to GE's long-term presence in the Middle East region and Oman, as it underlines how GE shares its competencies across the healthcare, energy, water and lighting solutions to work with our partners to promote sustainable development. Most significantly, the project also focuses on co-creating innovative solutions that meet the healthcare needs of Oman."

Dr. Abdulla Al Joaib said: "International Medical City marks a new milestone in the evolution of Oman's healthcare infrastructure. While we are focused on bringing advanced competencies in transplant, rehabilitation and diagnosis, through the facility we are also bringing in best practices in sustainable energy and smart home & business. To cover this comprehensive range of solutions, we need to work with a strong and reliable partner that has proven competencies across all these sectors. GE's proven strengths in all our core sectors complement our long-term growth objectives and we look forward to their strategic counsel in developing the project to world-class standards."

Envisaged as a 530-bed tertiary care multispecialty hospital, the US$1 billion International Medical City will also include a transplant and dialysis center of excellence, a rehabilitation center, and a diagnostic center of excellence. Other facilities include a Trauma and Emergency Unit, ambulance services, intensive care unit, blood bank, pharmacy, Scientific Registry of Transplant Recipients (SRTR) and Organ Transplant Donor Registry (OTDR), as well as a 4-star hotel.

GE will support the project by providing cutting edge technology as well as developing innovative products during the design and construction period to further enhance operational efficiencies. Apart from sharing its technological competencies in healthcare, GE will also support the project with green energy solutions focused on solar, wind and gas power generation, water technologies and lighting with a focus on sustainability.

A turnkey power and smart grid solution is also being considered for the project thus significantly scaling up the project's energy use efficiencies. GE will also work with AMG to co-create solutions thus driving localized innovation in Oman to meet the country's healthcare requirements. The company will offer technical advice to the design and engineering team for the most efficient selection and use of various products and services.

As part of the agreement, AMG will also explore GE's technologies in organ transplant, life sciences and diagnosis for developing the tertiary care hospital, and exchange of best practices in hospital design for all its centers of excellence, by drawing on its healthymagination initiative to provide advanced medical care at lower costs to more people.

In the energy sector, GE will specially serve in boosting the power generation system by providing power as well as providing smart grid requirements. GE will also supply water treatment facilities and services including wastewater treatment and GE's MBR sewage treatment.

The home and business solutions from GE cover supply of energy efficient lighting fixtures and systems including, building interior and façade lighting, home electric, car park and street lighting and optimal/energy efficient customized designs. These draw on GE's ecomagination commitment to offer environment-friendly solutions that also accelerate growth.

GE has been operating in Oman since 1975, through its diverse businesses and is committed to further growth through focusing on technical leadership, customer partnerships and global competitiveness.

Visit GE Healthcare's stand at Arab Health at Saeed Hall, Booth #S3B10 at the Dubai International Convention Center. The Platinum sponsor of Arab Health and a key partner of choice to healthcare providers across the Middle East, GE Healthcare will also present its diverse portfolio of products, services and customer solutions as part of its commitment to strengthening the region's healthcare infrastructure.

Kelly Home
ASDA’A Burson-Marsteller
[email protected]
+971 4 4507 600

Nivine William
ASDA’A Burson-Marsteller
[email protected]
+971 4 4507 600

Caroline Wehbeh
GE Communications Leader, North Africa
[email protected]
+971 4 429 6318

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