Gulf-based KEF Company today said it will invest around Rs 1,600 crore in Kerala to set up new projects, including a five-star hotel.
The company that operates out of Dubai International Financial Centre will set up three factories here at a cost of Rs 250 crore-Rs 300 crore, KEF Chairman Fazal Kottikollon told reporters here.
He said the company will also set up a 500-bed hospital costing Rs 500 crore and a five-star hotel with a Rs 850 crore investment at Kozhikode.
The projects will create 5,000-10,000 jobs, Kottikollon said.
The three factories will be integrated manufacturing facilities specialising in pre-cast concrete technology for making kitchens, toilets, doors and windows.
The factories are expected to be ready in eight months, he said.
This will be followed by opening of a 500-bed hospital at Kozhikode, which is being built through a joint venture with the Peekay Group, a leading business entity in Kerala, and well-known cardiologist Ali Faizal.
The hospital is expected to open by the end of next year.
The super-speciality facility would focus on cardiac sciences, neuro sciences and orthopedics along with rehabilitation programme, Kottikollon said.
The company aims to create a research-based centre of excellence and establish it as a novel centre of medical tourism in the region.
The hotel will be spread over 30 acres at Chelembra in Kozhikode, and will have a convention centre to accommodate over 3,500 people and a shopping complex.
Kottikollon said his firm also plan to set up similar projects at other locations, including Thiruvananthapuram and Mangalore.
