KUALA LUMPUR 21 February 2023 – KL Wellness City hosted a media announcement today on the support of the Malaysian Government, particularly the Malaysian Investment Development Authority (MIDA), towards the KL International Hospital (KLIH) project, a new private hospital to be built within the mixed development of KL Wellness City in Kuala Lumpur with proposed investment of RM860 million. The 624-beds hospital, with potential expansion to 1,000 beds, will offer a fully comprehensive and integrated ecosystem of healthcare services including wellness and fitness facilities. The project, set to be in operation in the first quarter of 2026, will create over 3,000 job opportunities.
The event was officiated by YBhg. Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of Malaysian Investment Development Authority (MIDA) and YBhg. Dato’ Dr Colin Lee, Managing Director of KL Wellness City.
The Government through MIDA has provided incentives for the healthcare sector, including tax deductions and support for selected hospitals, to make it more regionally competitive and appealing to investors. To date, MIDA has approved incentives to 86 private healthcare facilities with a total investment of RM11.2 billion, creating over 18,000 job opportunities.
Datuk Wira Arham Abdul Rahman, highlighted, “Malaysia’s healthcare sector remains a top priority and the government has allocated a significant budget for healthcare. For instance, in 2022, the Ministry of Health (MOH) received the second-largest budget amounting to RM32.4 billion after education, underscoring the government’s commitment to ensuring the well-being of its citizens. Malaysia operates a two-tier healthcare system where the public and private sectors complement each other in providing healthcare, particularly in urban areas where the private sector fulfills a critical need which includes oncology, cardiology and gene therapy.”
He also added, “MIDA is optimistic that the KLIH project will bring positive economic benefits to Malaysia, in terms of creating high-quality jobs with majority of 95 per cent Malaysians which includes 460 medical specialists and doctors 1,972 nurses, and 278 allied health professionals such as physiotherapists, radiographers, medical technologists, pharmacists and technicians as well as increasing supply for quality healthcare and medical expertise. Eventually, it will contribute towards making Malaysia a medical tourism hub in the region.”
The hospital will be equipped with cutting-edge technology and state-of-the-art medical equipment which includes 22 operating theatres (including Hybrid Angio and MRI OT), robotic surgery, 3T MRIs, 512 CT, Biplane and Single Plane Cath labs, MRI Linac and a Hyperbaric unit. It will cater to a full range of medical disciplines, providing sophisticated to non-complex surgeries as well as tertiary and secondary care services. This will attract multidisciplinary leading specialists to practice in a single hospital location, shortening turnaround time for both local and foreign patients, optimising patient care and experience.
Malaysia’s healthcare system is accessible to nearly all of the population due to the complementary existence of the public and private sectors. Investments in world-class facilities have resulted in both private and public hospitals providing specialist services. The country also projects significant potential in the medical tourism industry, growing at a compound annual growth rate of 17%, and becoming a leading choice for foreign patients seeking healthcare treatment.
Sharing in this vision of building a 360-degree wellness hub, the KL Wellness City community boasts The International Tertiary Hospital, Medical Suites, innovation laboratories, clinical R&D facilities, healthcare company office towers, a retirement resort, a Healthcare Hub, wellness-centric serviced apartments, a fitness-based Central Park, and more. Serving as a healthcare nexus, these pivotal elements collectively render KL Wellness City the ultimate one-stop oasis for the body and the mind.
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