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Tuesday, 16 July 2019

Saudi German Hospital to invest tens of bns in Egypt as part of 15-year plan

INVESTMENT WATCH- Saudi German Hospital to invest tens of bns in Egypt as part of 15-year plan: The Saudi German Hospitals Group (SGH) is looking to invest EGP 40-50 bn in Egypt within the next 15 years to expand its business in the country, Vice Chairman Makarem Batterjee said. In the near future, the group is planning to inaugurate a second hospital in Cairo and add an outpatient clinics building in its existing facility in Heliopolis. The group is also expecting to inaugurate the first phase of its Batterjee Medical City on the outskirts of Alexandria in two years. The three-phase project will come at an initial investment cost of up to EGP 10 bn.

Separately, the group’s hospital joined international doctors collaboration Mayo Clinic Care Network, becoming the “the first hospital in Africa [to do so],” according to a press release (pdf).

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