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Tuesday, 25 October 2016

Andalusia Hospital investing USD 50 mn over three years

The Andalusia Hospital Group is planning to invest USD 50 mn into the domestic market over the coming three years, head of strategic planning Waleed Mohamed El Sayed told Al Borsa. The group has allocated EGP 100 mn towards acquiring a 100-bed hospital in New Cairo, Sixth of October, or Heliopolis, he added. The group is also planning double its Maadi branch’s capacity at a cost of EGP 120 mn and will upgrade its Alexandria branches at a total cost of EGP 90 mn, said El Sayed.

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