The group said its unit, MRCB Land Sdn Bhd, has signed a joint venture agreement with PMM, a subsidiary of Melaka Corporation, to form a new joint venture company.

The venture, named Majestic Quest Sdn Bhd, sees MRCB holding a 70% stake and PMM the remaining 30%.

In a statement yesterday, MCRB also said the proposed hospital will be leased to Putra Specialist Hospital (Melaka) Sdn Bhd.

MRCB said the proposed hospital offers “excellent accessibility” due to its proximity to key landmarks such as the Melaka International Trade Centre and it is near to the Air Keroh toll exit.

It said RM520 million had been allocated for phase one of the project, which will include multi-disciplinary facilities such as cardiac and orthopaedic services, 300 hospital beds and 100 consultant suites.

“Future phases of Hospital Putra’s development will introduce complementary facilities such as a hotel, retail and commercial areas, a rehabilitation and wellness centre, an aged care centre, hostels and serviced residential units.”

Melaka chief minister Ab Rauf Yusoh who is also Melaka Corporation chairman  said the hospital represents a significant milestone in Melaka’s journey to become a premier medical tourism and healthcare destination.

MRCB group managing director Imran Salim said the joint venture reflects MRCB’s commitment to address the growing healthcare needs of the community while contributing to the economic growth and development of Melaka.

“Hospital Putra will not only provide advanced medical care but also create opportunities for education, research and economic development,” he added.