Royal Strategic Partners (RSP), a subsidiary of Abu Dhabi Capital Group (ADCG), the Dubai-based MIG group, and the Austrian Star Energy (SE) company, have signed a joint venture (JV) agreement to build a Neutron Therapy Hospital with the initial investments of $1.8 billion.
The joint venture with Austrian SE will allow the UAE companies to build state-of-the-art medical facilities, which consist of a University Hospital for neutron cancer treatment and a Medical University that will be the main hub and headquarters for research and development of the latest technologies to treat advanced cancer in the GCC region.
The project will be implemented in two phases. The first phase is the implementation of a pilot project in Abu Dhabi for the Hospital, the Medical University, and the Convention Center.
The second phase will be the expansion of the project in areas facing a deficit in the production of electricity and thermal energy and a shortage of freshwater, or to use it as an alternative to power generation instead of expensive diesel or other expensive energy sources.
Dr. Hamad Al Ali, CEO of Royal Strategic Partners (RSP) said that “The initial investment of $1.8 billion fits perfectly with the strategy and vision to create and develop leading technology products and build a sustainable energy ecosystem. We envision that our experience will help to make a positive technological revolution within the UAE and the GCC region.”
“The partnership with the UAE government brings unique value and capabilities, and will contribute to accelerating the development and growth of the energy and medical sector in the UAE, and the entire GCC region,” said Mr. Joseph Lokumovićh, CEO of Star Energy (SE).
Mr. Mahmood Al Redha commented that “We are planning to implement the construction of the entire advanced Cancer Treatment Center project, which will be considered a large domestic scientific research center based on the Hospital, University, and Convention Center.”
