Kuwait’s Health Insurance Company (Daman) said it has awarded a KD162 million ($535 million) contract to China's Metallurgical Group Corporation (MCC) for the construction of two 600-bed hospitals in the country.

As per the agreement, the MCC would carry out design, construction, equipping and maintenance works for the two hospitals which will come up in the Jahra and Ahmadi governorates of Kuwait.

The Medical Insurance Hospital Project is being jointly implemented by Shanghai Baoye, MCC Huatian and MCC International Group as a consortium.

Both the hospitals will be ready for operation by the end of 2019, stated Dr Ahmad Al Saleh, the board-member and chief executive of Daman, after signing the design and building contract with MCC international group deputy general manager Ma Xiaoh in Kuwait.

These hospitals are aimed at serving the insurance-paying expatriates, who account for some 70 per cent of Kuwait’s 4.4 million population, he stated at the signing ceremony held in the presence of MCC vice president and Shanghai Baoye chairman Wang Shilei and other senior officials.-TradeArabia News Service