Dubai-based Aster DM Healthcare is all set to establish a US$350 million, 500-bed hospital in Grand Cayman.

Speaking at a press conference Monday morning, Premier Alden McLaughlin said the Cayman Islands government was entering into a partnership with Aster and would be executing a legal agreement relating to the project immediately following the briefing.

The new health facility, which will be built in phases over several years, will include a hospital, assisted-living accommodations and a medical university, and will provide medical care to both local patients and medical tourists, the premier said.

Dr. Azan Moopen, founder of Aster DM Healthcare, speaking via Zoom, said the first phase of the facility was expected to be commissioned within “the next two to three years”.

He said the facility would target the 1.4 million medical tourists who travel overseas for healthcare from the United States annually, as well as patients from Canada and countries throughout the Caribbean.

(Dr. Azan Moopan, founder, managing director and chairman of Aster DM Healthcare)

Aster has some 365 medical facilities across eight countries, employing more than 19,000 employees.

Moopen said his company had been looking to expand to other countries outside Asia and the Middle East, and were “in search of an ideal location and supportive government and associates to make this a reality”.

“When we visited the Cayman Islands and met the honourable premier and other senior leaders, we were greatly impressed by the business-friendly environment, the easy accessibility to the highest levels of government, and the transparency along with the quality-focussed approach,” he said.

This would be the second Aster Medcity set up by the group. One already exists in Kochi, Kerala, in southern India.

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Tel Aviv: Israeli Air Force has carried out strikes on more than 30 targets across western and central Iran, reported Al Jazeera. 

“Dozens of Air Force fighter jets struck, guided by Military Intelligence, and completed just a short while ago another wave of strikes to target the ballistic missile array and air defence systems of the Iranian regime in western and central Iran,” the news network reported, citing a statement from Israel’s military.

The military added that attacks will continue on air defence installations, missile sites, military headquarters, and other “regime targets” in Iran, the report said.