Aster DM Healthcare, a prominent integrated healthcare provider in the UAE and GCC, has announced a strategic partnership with Emirates Development Bank (EDB) to secure Dh265 million ($72 million) in financing. This funding will support the development of two new multi-specialty hospitals in Dubai, aimed at addressing the growing demand for quality healthcare services in the region. The agreement, signed by Dr. Azad Moopen, Founder Chairman of Aster DM Healthcare, and Ahmed Mohamed Al Naqbi, CEO of EDB, marks a significant step in expanding healthcare infrastructure in the UAE. The new facilities will add over 250 beds to Aster’s existing capacity of approximately 920 beds, enabling the treatment of more than 560,000 patients annually. Once operational, the hospitals will employ over 675 doctors, nurses, and allied health professionals, bolstering the local healthcare workforce. Emirates Development Bank, a key driver of economic growth in the UAE, focuses on priority sectors such as healthcare, manufacturing, and renewable energy. This partnership aligns with the Dubai Economic Agenda D33, which aims to position Dubai as a global leader in healthcare. Alisha Moopen, Managing Director and Group CEO of Aster DM Healthcare, emphasized the alignment of this expansion with the UAE’s broader economic goals. Iqbal Khan, CEO of Fajr Capital and Board Member of Aster DM Healthcare, highlighted the shared vision of building a regional healthcare champion dedicated to delivering accessible, high-quality care across the GCC.
Aster DM Healthcare secures Dh265m in financing from Emirates Development Bank
