$1.2B medical city to be set up in Egypt with Saudi investments

CAIRO – 12 September 2017: Saudi Alhilaly Investment Holding Group announced Tuesday that they are launching a new project for establishing a global integrated medical city in Egypt at investments totaling $1.2 billion.

The Head of Alhilaly Group Samy Alhilaly told Egypt Today that the project will include the biggest teaching hospital in the Middle East with a capacity of 1,200 beds.

Moreover, the medical city will also include a school for teaching medical sciences and nursing under the supervision of an international university, Alhilaly added.

Three hospitals specializing in liver and heart diseases and tumors will be a part of the project as well, in addition to global research, healing and physical therapy centers, as well as 50 outpatient clinics and a staff administrative housing.

Last year, Saudi-Egyptian agreements worth $120 million were inked to develop the Qasr Al-Aini Hospital in Cairo.

Minister of Investments Sahar Nasr recently announced that Saudi investments in Egypt will rise to $51 million, after the Egyptian-Saudi Business Council expressed its plans to increase Saudi investment in the agricultural, industrial, energy, construction and tourism sectors, as well as the development of the Suez Canal axis, to ensure that Jeddah stays the top Arab investor in Egypt.