Back to the complete issue
Sunday, 18 February 2018

USD 350 mn state-of-the-art medical city to be established in Matrouh

INVESTMENT WATCH- USD 350 mn medical city to be established in Matrouh: Two unnamed companies from the US and UAE have partnered up to build a world-class medical city in Matrouh at an investment cost of USD 350 mn, Matrouh Governor Alaa Abu Zeid tells Al Shorouk. The project, which will be run by the US company once completed, is expected to house a number of specialized state-of-the-art hospitals and medical care centers that will aim to make Egypt a hub for medical tourism, said the project’s Chief Executive Gary Lang. The 370-feddan medical city will open its doors with a capacity of 600 hospital beds that will gradually increase to 6,000, he added. Details on construction timeline were not disclosed.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.