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Monday, 13 December 2021

Alameda setting up a EGP 1 bn hospital in the new capital

Healthcare group Alameda is planning to invest EGP 1 bn to operate and manage a 300-bed hospital in the new administrative capital, under an MoU it signed with the Housing Ministry yesterday, according to a press release (pdf). Alameda will operate the facility under a renewable 49-year contract. The hospital, which is set to be the administrative capital’s “first and largest” hospital, will take three years to build.

What does Alameda have planned? Alameda will invest in medical equipment and technology, establish centers of excellence in a range of specialties, and set up a training center within the hospital to train nurses and physicians.

The investment comes as part of Alameda’s wider expansion plan in Egypt, which will see it invest EGP 5 bn over the next three to five years to bring its total investments in the country to EGP 10 bn.

Also involved: Chinese construction company China State Construction Engineering and Al Hazeq Construction will construct the facility, while architecture firm HKS will consult on the project’s construction and management.

More public-private healthcare partnerships could come soon: The House of Representatives recently gave its final nod to amendments made to the PPP Act designed to encourage more public-private projects. The changes allow public entities to partner with private companies on transport, energy, communications and healthcare projects by introducing new mechanisms to simplify the process.

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