Thumbay Group signs MoU with Serbian government
To establish Gulf Medical University
UAE(Ajman), Oct 23: Thumbay Group signs MoU with Serbian government to establish Gulf Medical University, Thumbay Hospital in Serbia.
Thumbay Group has entered into an agreement with the Government of Serbia, to establish Gulf Medical University and Thumbay Hospital in Belgrade. The agreement was signed on 22nd October 2018 by Dr. Thumbay Moideen, Founder President of Thumbay Group on behalf of Thumbay Group and Dr. ZlatiborLoncar- Minister of Health of the Republic of Serbia and Teaching Assistant, Faculty of Medicine, University of Belgrade and Prof. MladenSarcevic – Minister of Education of the Republic of Serbia, representing the Serbian government.
Besides the ministers, the high-level delegation from Serbia included Prof. Dr. SanjaRadojevic-Škodric- Director of National Health Insurance Fund and professor of Faculty of Medicine, University of Belgrade; Prof. DrMilikaAsanin- Director of the Clinical Center of Serbia and Professor of the Faculty of Medicine, University of Belgrade, Ms. Ana LangovićMilićević - Deputy Minister of Education and Mr. Marko Pavlovic- Advisor of Minister of Health. The delegates were presented with the mission and future directions of Thumbay Group and Gulf Medical University and they toured the advanced facilities for education and research at Thumbay Medicity. The MoU was signed in the presence of the Serbian Ambassador to UAE.
Thumbay Group’s University and hospital in Belgrade will be built in phases, expected to be fully operational in 2020. “Thumbay Group is looking for equity partners to invest in the project, and we are preparing to go public by 2023,” said Dr. Thumbay Moideen. He further said that Thumbay Group was honored to sign the MoU with the government of Serbia. “We look forward with great enthusiasm to strengthening our collaborations and to provide new opportunities for mutual cooperation in the areas of education, healthcare and research, our three core areas.
Dr. Thumbay Moideen added that the MoU was part of Thumbay Group’s strategic plans which aim to increase the size of its businesses about ten times and increase its employee strength to 25,000 by 2022, apart from expanding its global spread. Accordingly, the group plans to open three new University campuses across 3 different countries. In addition, the strategic plans also envision an increase in capacity of the Thumbay academic hospital network to 1000 beds in the UAE, 1,500 beds in India and 750 beds elsewhere in the Gulf and in Africa.
Two more agreements were signed with the delegation. The clinical cooperation agreement between Clinical Center Serbia and Thumbay Group for clinical training of the students of Gulf Medical University – Belgrade, was signed by Dr. Thumbay Moideen with the Dean, University of Belgrade and Director – Clinical Training Center – Belgrade. The MoU between Clinical Center Serbia and Gulf Medical University – UAE for academic cooperation was signed by Prof. Hossam Hamdy, Chancellor of GMU with the Dean, University of Belgrade and Director – Clinical Training Center – Belgrade.
Owned and operated by Thumbay Group, Gulf Medical University (GMU), Ajman is the biggest private medical university in the Middle East region. Founded in 1998, it has students from over 80 countries and faculty/staff from around 25 countries. The Gulf Medical University Academic Health System (GMUAHS) is the first of its kind in the region’s private sector. Thumbay Hospital is the biggest private academic hospital network in the region, operating under the healthcare division of Thumbay Group and serving patients from around 175 nationalities. GMU together with the Thumbay Hospital network trains close to trains close to 20 percent of the doctors and 60 percent of the healthcare professionals in the UAE.
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K'taka govt, Taiwan's Allegiance Group sign MoU to establish industrial technology innovation park
Bengaluru (PTI): Karnataka government on Friday signed an MoU with Allegiance International Co Ltd of Taiwan to establish an Indo-Taiwan Industrial Technology Innovation Park (ITIP) in the state, with a proposed investment of around Rs 1,000 crore.
The MoU was signed by Rahul Sharanappa Sankanur, Director, Department of Electronics, IT, BT and Lawrence Chen, VP, Allegiance Group in the presence of Chief Minister Siddaramaiah, Minister for Electronics, IT & BT Priyank Kharge, and senior officials.
The project will be undertaken by the Allegiance Group with a proposed investment of around Rs 1,000 crore, leading to the creation of about 800 direct jobs via the companies setting up operations in ITIP over a period of 5 years, the IT&BT Minister's office said in a statement.
The ITIP will serve as a dedicated hub for Taiwanese companies in electronics and semiconductors, fostering advanced manufacturing, R&D, and innovation. This collaboration aims to strengthen Karnataka's position as India's leading destination for Electronics System Design and Manufacturing (ESDM) and accelerate the growth of the semiconductor ecosystem in the state.
Key highlights of the MoU include establishment of a world-class industrial park to house Taiwanese firms in electronics and semiconductor sectors; development of a robust supply chain ecosystem for components, PCBs, and chip design; creation of high-value jobs and skill development programmes in collaboration with academic institutions; and promotion of technology transfer and global best practices to enhance India's competitiveness in electronics manufacturing.
CM Siddaramaiah said this partnership marks a significant step towards realising Karnataka's vision of becoming a global hub for electronics and semiconductor innovation.
"The ITIP will attract cutting-edge technology and investments, creating opportunities for our youth and strengthening India's position in the global value chain," he said.
Minister Priyank Kharge said Karnataka has led India's technology revolution and continues to dominate in innovation, deep-tech talent, and semiconductor design.
"This partnership will accelerate our efforts to build a robust electronics and semiconductor ecosystem. We are committed to creating a level playing field and ensuring that Karnataka remains the preferred destination for global investors in advanced technologies," he said.
Lawrence Chen said, "We are excited to collaborate with Karnataka, a state known for its technology leadership. The ITIP will be a catalyst for Taiwanese companies to expand in India and contribute to the growth of the semiconductor and electronics ecosystem."
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