Construction & Real Estate

Nizwa signs deal to fund Shifa hospital construction

Oman-based Bank Nizwa said it has reached an agreement with Shifa Hospital to finance the construction of its new healthcare facility in the sultanate.
Shifa Hospital is designed, owned and will be operated solely by Omani pioneers with core focus in surgical specialties. 
Bank Nizwa said the deal comes in line with its efforts to contribute to the development of healthcare sector in the sultanate.
To be build on more than 10,000-sq-m area, Shifa hospital will start operating with a 100-bed multispecialty facilitu in the first phase. It will contain nine state-of-the-art care facilities mainly focusing on surgical specialties.
The financing agreement was signed by Khalid Al Kayed, CEO, Bank Nizwa and Dr. Salim Al Ghannami, CEO, Shifa Hospital at the Bank’s head office in the presence of Dr Samiya Al Ghannami one of the founders of the hospital and R Narasimhan, GM of Wholesale Banking at Bank Nizwa and other management team members. 
Al Kayed said: 'Bank Nizwa has been leading the way in Islamic banking in the sultanate and we believe in investing in projects that go beyond just promising financial returns. We want to ensure they also benefit the communities."
"Quality healthcare is an integral building block of a thriving economy. By supporting ventures that have the same goal as Oman’s Vision 2040, we want to do our part to enhance the healthcare system in the country," he added.
Dr Al Ghannami said the construction of the new private hospital will support the national socio-economic sector and uplift the healthcare system which resonates with our believes and principles. 
The objective of this venture is to meet the people's needs for medical services under one roof. Qualified national workforce will manage the hospital, he added.