DOHA: Qatar Foundation Endowment ( QFE ), with Luigi Maria Monti Foundation, will build Mater Olbia Hospital, a specialised facility and medical research centre in Olbia, Sardinia, Italy.
Following the signing of an agreement for acquisition of the site in Olbia by QFE through its European investment platform, both foundations plan to complete and fit-out the existing property, the first phase of which is scheduled to open by this year-end.
The project represents a significant financial investment in the region.
The hospital will provide high-quality care for residents of Sardinia and the wider region, with 290 new beds for public and private patients.
Ospedale Pediatrico Bambino Gesù, a world-class hospital group, will manage the paediatric department.
Reverend Cardinal Giuseppe Versaldi, Chairman, Luigi Maria Monti Foundation, said, “I’m pleased that the foundation has been invited to collaborate in the management of this investment in line with our commitment in healthcare.
“This is a landmark investment and a vote of confidence from one of the most respected investors in the world. We look forward to a long and fruitful partnership with QFE.”
Rashid Al Naimi, CEO, QFE, said, “We are delighted that our investment received overwhelming support from Italian authorities. This is a great investment opportunity for QFE as we believe the hospital will become a world-class facility and medical research centre, benefitting patients in Sardinia and all around the world.”
The hospital will services, including cardiovascular, neurological, orthopaedic and paediatric specialities and serve as a rehabilitation centre.
It is envisaged that the hospital will be accredited by Istituto Di Ricovero e Cura a Carattere Scientifico and Joint Commission International — the first such facility in Sardinia.
Studies will also be conducted on lifestyle diseases such as diabetes, common in Sardinia and the Middle East.
The hospital will develop a network of strategic alliances with leading hospitals and research centres, including, Sidra Hospital, Hamad Medical Corporation, research centres within Qatar Foundation (including its worldwide research network), research centres of Universities of Sassari and Cagliari, and research centres in Sardinia and Italy.
The Peninsula
