Maple Leaf Cement Factory Limited informed the Pakistan Stock Exchange (PSX) about its investment in the hospital business today. The bourse filing said that Novacare Hospitals (Private) Limited, a wholly-owned subsidiary of the Company, will start constructing a state-of-the-art hospital in Islamabad and has signed an international affiliation agreement with Imperial College Healthcare NHS Trust, a leading UK teaching hospital group. The total investment in the project will be USD 110 million, and the hospital will be located on a 50-kanal plot in DHA Phase-V, Islamabad.

The 250-bed hospital will have a covered area of 550,000 square feet and provide comprehensive tertiary healthcare across 28 clinical services. HKS Inc., a leading global design firm, is designing the hospital.