Abu Dhabi – Mubasher: Gulf Medical Projects is likely to generate AED 1.6 billion to AED 1.67 billion in profits from the sale of its Al Zahra Private Hospital, according to a statement.

Al Zahra’s assets represent 22% of those of Gulf Medical Projects, whereas its profits constitute 86% of the parent company’s.

The company’s board plans to expand by opening new medical clinics in Dubai and across the UAE.