Finance World Magazine| Edition: January 2024

In its 21-year journey, Dubai Healthcare
City (DHCC) stands as a beacon of
success, achieving a 12% year-on-year
growth and becoming a cornerstone
for business development, especially
in the healthcare department. Guided
by visionary leadership and strengthened
by strategic partnerships, DHCC’s
commitment to sustainable health and
wellness has made it a pivotal force in the
industry. This success is evident in the
remarkable expansion of the free zone,
reflecting its influential role in shaping
the future of healthcare investment and
contributing to the dynamic growth of
businesses within its ecosystem.
DHCC’s ecosystem thrives with 481 registered
facilities, including 195 dedicated
to clinical services. In the past year, 19
facilities expanded operations, showcasing
the dynamic nature of healthcare business
within the zone. The groundbreaking of
Prime Hospital, Moorfields Eye Hospital
Dubai’s expansion, and the introduction
of Kandinsky Clinic, Dubai’s first Russian
clinic, highlight DHCC’s commitment
to diverse healthcare services. These
strategic developments underscore the
Free Zone’s dedication to fostering a
comprehensive and inclusive healthcare
landscape, catering to the diverse needs
of the community it serves.
Foreign investments are integral to
DHCC’s success, with 130 international
companies establishing regional offices,
a testament to their trust in Dubai as a
healthcare hub. Operating within the
free zone provides these companies with
unparalleled benefits, and their presence
underscores global recognition of DHCC’s
significance in the healthcare industry.
The influx of international businesses
not only contributes to the free zone’s
growth but also solidifies its position as
a preferred destination for global healthcare
enterprises, fostering collaboration
and reinforcing Dubai’s standing as a key
player in the international healthcare
landscape.
Allae Almanini, Chief Financial Officer
of Dubai Healthcare City Authority,
underscores the ongoing development
in the UAE’s healthcare ecosystem.
The impressive growth, marked by a
commitment to relentless innovation
and strategic partnerships, serves as a
testament to DHCC’s dedication.
Almanini’s emphasis on continuous
development highlights the free zone’s
pivotal role in creating unparalleled
DHCC’s businessfriendly
free zone
environment
offers direct
access to an
unrivalled
network for
business
growth.”
opportunities for business partners.
DHCC’s unwavering commitment to
excellence not only contributes to its
status as a leading healthcare and wellness
destination in the region but also
positions it as a catalyst for positive
transformation and advancement in the
broader healthcare landscape of the UAE.
Since 2002, Dubai Healthcare City
(DHCC) has played a pivotal role in
shaping the future of healthcare investment.
In 2021, the Dubai Healthcare City
Authority collaborated with KLAIM and
Jade Healthcare Consultancy to optimise
performance and streamline operations
for business partners, fostering their
growth within the free zone.
The collaboration with KLAIM and Jade
Healthcare Consultancy underscores DH-
CC’s proactive commitment to elevating
the business environment. By ensuring
partners benefit from cutting-edge advancements
in operational efficiency
and performance optimisation, DHCC
maintains its position at the forefront of
healthcare innovation and investment.
This dedication solidifies the Free Zone’s
standing as a dynamic and forward-thinking
healthcare destination. DHCC’s strategic
approach not only enhances the success
of its partners but also reinforces its role
as a trailblazer in fostering a thriving
ecosystem that pushes the boundaries
of healthcare excellence and sets new
standards for the industry.
In response to the growing demands
of the UAE’s healthcare sector, DHCC
introduced C37 in 2021 – the UAE’s first
private medical workspace fully managed
and operated by DHCC. This innovative
solution caters to UAE-based and visiting
doctors seeking independent, part-time
practice options, fostering healthcare
beyond borders. Over the last year, C37
has seen a threefold increase in the number
of doctors, including 14 international
experts, performing 5,619 procedures.
Beyond business growth, DHCC has
also dedicated efforts to support local
entrepreneurship. Partnering with Dubai
SME, the free zone aims to nurture
Emirati entrepreneurs, contributing to
the development of a robust healthcare
ecosystem.
The economic impact of DHCC on
Dubai is substantial, with its contribution
to the city’s GDP reaching AED 2.8B in
2021. This economic success is a result
of strategic agreements, expanded healthcare
offerings, and consistent support for
business growth within the community.
Guided by innovative sustainable
healthcare practices, DHCC has expanded
its service spectrum while prioritising
environmental sustainability. The adoption
of eco-friendly measures throughout
the free zone reflects a comprehensive
commitment to health and wellness.
This dual focus harmonises cutting-edge
care with responsible environmental practices,
showcasing DHCC’s dedication to a
holistic approach. By integrating eco-friendly
initiatives, the free zone contributes to
the well-being of its community and also
sets a commendable example within the
healthcare industry, demonstrating that
excellence in patient care can go hand in
hand with a commitment to preserving
and protecting the environment.
Dubai Healthcare City’s impact on empowering
business growth in healthcare
is evident through its dynamic expansion,
strategic partnerships, and support for
local and international businesses. As
DHCC continues to evolve, it remains
a key player in shaping the future of
healthcare investment and fostering a
sustainable healthcare landscape in the
UAE and beyond.
January 2024 www.thefinanceworld.com 51