Middle East Healthcare To Build 12 Hospitals And Invest USD 5 Billion In Egypt

Cairo (Masaader News) – BY: Marwa Abo ElMajd

Middle East Healthcare – Saudi German Hospitals, the Saudi-listed health care provider company is seeking to build 12 hospitals in Egypt and invest USD 5 billion, Said the Chairman of the company told Masaader News in Cairo.

“Saudi German Hospitals plans to build the new series of hospitals in the most densely populated Governorates in coordination with the Egyptian government, in the coming period. Middle East Healthcare has invested USD 5billion in Egypt until the beginning of 2017 ” Engr Sobhi Abduljaleel Batterjee .

Adding that “The company is currently building a medical city in Alexandria, which including 8 hospitals for EGP10 billion, which is the largest project implemented by company in Africa”

Middle East Healthcare is a public listed company in Saudi Stock Exchange (Tadawul ), it has a Market Cap of SR 6,833 billion. The company is the owner of Saudi German Hospitals, which provides services in three countries: Saudi Arabia, UAE and Egypt, with 7 branches in; Jeddah, Riyadh, Medina, Assir , Hail, Dubai and Cairo.

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