Tag: Crown Company

Construction of tertiary hospital in Hulhumalé to begin in May

Construction work on the private Tree Top Hospital in Hulhumalé is expected to begin next month.

The ministry of health awarded a project to build a multi-specialty tertiary hospital to Tree Top Investments in September last year.

Tree Top Investments was formed in 2013 by four prominent local tourism companies – Champa Brothers, Kasa Holdings, Crown Company, and Kuredu Holdings.

The government-owned Indira Gandhi Memorial Hospital (IGMH) in the capital is at present the only tertiary hospital in the country. Establishing tertiary hospitals in the north and south to ease the burden on IGMH, which caters to patients travelling from across the country, is a campaign pledge of President Abdulla Yameen.

At an inauguration ceremony held at the Jen Hotel in Malé yesterday, Tree Top signed a contract with Turkish company Turmaks Alke for the construction of the 159-bed, six-storey hospital.

The expected date for completion is November 11, 2016, with the official opening scheduled for March 1, 2017.

An agreement was also signed with Malaysian company Ramsay Sime Darby for management of the hospital.

Speaking at the ceremony, tourism magnate ‘Champa’ Hussain Afeef said the estimated cost of the project is US$60 million.

Afeef said the resort companies are taking a risk by investing in a tertiary hospital and could face losses for ten years.

“But we are taking that risk because it is very much needed for the Maldives and because we are able to do it,” he was quoted as saying by newspaper Haveeru.

The goal is providing services that are currently unavailable in the Maldives, he added.

Tree Top Director Ahmed Saleem said Ramsay Sime Darby was chosen based on the company’s experience and expertise.

The partnership offers advantages such as exchanging specialists from Malaysian hospitals, he said.

The Malaysian company’s official partner is Ramsay, which is Australia’s largest hospital management company, Saleem noted.

The hospital project was awarded to Treetop last year after initial expressions of interest (EOIs) submitted by 10 companies were cancelled.

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Project to build multi-speciality hospital awarded to Treetop Investments

A project to build a multi-speciality hospital in Hulhumalé has been awarded to Treetop Investments Pvt Ltd by the Ministry of Health, reports CNM.

According to the online news outlet, local companies Champa Brothers, Kasa Holdings, Crown Company, and Kurehdhoo Holdings all have a stake in Treetop Investments.

The project was awarded to Treetop after initial expressions of interest (EOIs) submitted to the ministry were cancelled.

Health Ministry Director General Dr Sheeza Ali said efforts to formulate the contract and design were currently ongoing, adding that the project would be divided into two phases.

While 10 companies – including a Malaysian company, German company, two Indian companies, and five Maldivian companies – had submitted EOIs, the economic council decided not to allow the companies to submit detailed proposals.

The purpose of the 337-bed hospital is to ease the burden on the government-operated Indira Gandhi Memorial Hospital (IGMH) in the capital, the health ministry has previously said, and would function as an extension of IGMH.

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