Global Capital & Development (GCD), a consortium whose members include Malaysian state investor Khazanah (KHAZA.UL) and Abu Dhabi’s Mubadala (MUDEV.UL), will develop a 300-room private hospital in Malaysia’s Iskandar region, GCD said on Tuesday.
This follows an agreement with Malaysian hospital operator Pantai worth US$156 million ($203.6 million) to build the Gleneagles Medini Hospital in the Iskandar economic zone located just north of Singapore.

 

Pantai is a part of Singapore healthcare group Parkway Holdings (PARM.SI), which was taken over by Khazanah earlier this year.

Parkway operates Singapore’s Mount Elizabeth and Gleneagles hospitals, which are both very popular with businessmen and politicians from across Asia.