Dubai-based KEF Company to invest Rs 1,600 cr in Kerala

Kochi: The Dubai-based KEF Company has unveiled plans for three projects in the State, involving an investment of Rs 1,600 crore.

They include a luxury hotel, integrated manufacturing facilities with pre-cast concrete technology and a super speciality hospital in Kozhikode.

Faizal Kottikollon, chairman, told reporters here that a modern integrated manufacturing facility, specialising in precast concrete technology, is the first project being planned.

A world-class 500-bed tertiary care hospital and a five-star hotel are next in line. These projects are expected to create 5,000 to 10,000 jobs in the State, he said.

Integrated Factories
Three factories will have integrated manufacturing facilities with pre-cast concrete technology for making kitchens, toilets, doors and windows at an investment of Rs 300 crore.

The precast plant, he said, is envisaged as a high-tech, quality-controlled facility for the development of infrastructure sector. It will ensure enhanced quality and expediting on-time project execution.

Quoting studies, he said that precast technology provides significant benefits in early completion of the project, with time savings of up to 40 per cent over conventional methods of construction.

Hospital Project
The 500-bed super-specialty hospital is being built as a joint venture with the PeeKay Group, a leading business group in Kerala and Ali Faizal, a renowned cardiologist in Kozhikode.

The facility, which is expected to open by the end of next year, will primarily focus on cardiac sciences, neurosciences and orthopaedics, along with a world-class rehabilitation programme. The company is aiming to create a research based centre of excellence and establish it as a novel centre of medical tourism in the region.

5-Star Hotel
The hotel will be set up on 30 acres at Chelambra in Kozhikode with a modern convention centre to accommodate 3,500 people.

The KEF Company that operates out of Dubai International Financial Centre is a multi-tiered holding company with interests across eight verticals that include infrastructure, healthcare, hospitality, education, investments, agriculture, metals and sports.