Saudi-based Almoosa Health Company has awarded a major contract worth SAR781.7 million ($207 million) to BEC Arabia for the execution of mechanical and electrical works for a key hospital project in Al Khobar, in the kingdom's Eastern Province. The entire project is likely to be completed in two years.
Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, today inaugurated The Red Sea Hospital in strategic partnership with Dr Sulaiman Al Habib Medical Services Group (HMG), strengthening access to advanced healthcare for employees, residents, local communities and guests.
Mediclinic Middle East, one of the leading private healthcare providers in the UAE, has announced plans to invest AED420 million ($114 million) in the expansion of its Parkview Hospital in Dubai. The expansion work will begin shortly and is due for completion next year.
New Murabba, a unit of sovereign wealth fund PIF and the master developer of Riyadh’s modern downtown, has signed an agreement with Almana Medical Group to develop a 200-bed general hospital within its mega Saudi destination at a total investment of SAR1 billion ($266 million).
Dubai Investments has announced that it has fully acquired Clemenceau Medical Center Dubai, a leading tertiary care hospital in UAE, after boosting the group's ownership from 20% to 100%. The transaction was structured through one of its key units - Dubai Investments Industries.
Saudi National Center for Privatization & PPP (NCP) has invited bids for the development of a 391-bed hospital in Umm Al Qura University, Makkah, as a public-private partnership venture. The project will be delivered under a 30-year design-build-finance-operate-maintain (DBFOM) contract.
Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC, has announced that it has received first-time corporate credit ratings from S&P Global Ratings and Moody’s Ratings, alongside the establishment of a $1.5 billion senior unsecured sukuk programme.
Qatar's Public Works Authority (Ashghal) has announced progress on 20 new projects with a total estimated value of QR11.5 billion ($3.16 billion).
Medcare, one of the leading providers of premium healthcare services in the UAE, has announced the opening of its new Medcare Hospital Sharjah, a purpose-built tertiary care hospital located on Shaikh Saqr Al Qasimi Street in the heart of the Sharjah emirate.
Red Sea International Company has announced that its key subsidiary, Fundamental Installation for Electric Work Company, has secured a construction contract from Al Arab Hospital Company for the construction of a premium healthcare facility in Jeddah. The entire work on the 19-storey hospital will be completed within 420 days.
