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Wednesday, 7 July 2021

Saudi German Hospital to build a new medical complex by 1Q2022

The Saudi German Hospital will start building a new medical complex in 6 October City by 1Q2022, Regional Manager Mohamed Hablas told us, confirming reports from Al Mal this morning.

The centerpiece will be a new 300-bed hospital: The Saudi German Hospital will open a new hospital with a capacity of 300 beds in the new medical complex, doubling the group’s current capacity in Egypt, which stands at 300 beds at its hospital in Heliopolis.

The new hospital will provide new services to its lineup, including radiotherapy. The Saudi German Hospital just signed an agreement with Valu yesterday, which aims to offer payment programs up to 60 months, with no interest and no down payments for a period of six months.

Medical expansion in Upper Egypt and Alexandria: The Saudi German group also aims at expanding in Upper Egypt and is currently studying which governorates it will target there. It is also setting its eyes on Alexandria with plans to launch a new hospital there by 1Q2022 as part of its Batterjee Medical City, its medical complex there.

Saudi Arabia has been eyeing our healthcare sector: The Saudi German Hospitals Group pledged last year to pump EGP 40-50 bn into its Egypt operations over the next 15 years. But it isn’t the only one. Saudi healthcare investment fund Humania plans establish specialized medical facilities in Egypt and Morocco, securing USD 108.5 mn from the International Finance Corporation, France’s Proparco and the Danish Investment Fund for Developing Countries

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