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SD Investments to continue with expansion plans in ME
DUBAI — The continued need for quality healthcare is pushing new investments in the sector as hospitals are being developed to meet the increasing demand.
Making a foray into the sector, SD Investments developed the Garhoud Private Hospital earlier this year. In an interview with Khaleej Times, Moataz Zain, group chief financial officer of SD Investments, opened up about the company’s expansion plans.
Can you tell us about the core business areas of SD Investments?
SD Investments has four companies; Al Mamzar Construction, Hilal Medical Solutions, SD Global and Coffeeol. We started with Mamzar Construction, which has a total of 24 projects with a combined value of more than Dh300 million. The company achieved profits even in the years of recession. In 2011, we had a profit of Dh48 million.
What are the current investments in healthcare?
Al Hilal Medical Solutions has the Garhoud Private Hospital, which was launched in May this year. There is a lot of competition in the healthcare sector and we are working on building a strong relationship with community-based doctors, which will make us unique. In six months, we have succeeded in bringing 24 such doctors to use our facilities. We have almost 100 patients a day and we expect the numbers to increase. We have already expanded the Garhoud hospital to include physiotherapy and we are in the process of acquiring the latest equipment for ophthalmology.
You have also launched an F&B company through the start of Coffeeol. How does this fit the company’s expansion drive?
Our coffee brand, Cofeeol was developed in Thailand through a special firm. Our products are quite different from other coffee shops, which is very important for us. The taste and variety of our products are unique. We are planning to develop a franchise network as our trademark has been registered in more than 50 countries in the Middle East and Europe and we have already received a few proposals from future franchisees. We are also planning to open four more coffee shops. The new shops will open at Wasl Square, Dubai Festival City, American University in Dubai and Wollongong University.
What is your market outlook for the construction sector?
Developers are showing greater confidence in the market as new construction projects have been announced this year. This year we have already signed three projects and we are in negotiations to finalise other large construction projects with one such project valued at Dh400 million. These investments will continue as we also hope to make a presence in the healthcare and food and beverage sector, which has a lot of potential.
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