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Monday, December 4, 2023

Sulaiman Al Habib Medical Group approves SAR 71 million deal

Sulaiman Al Habib Medical Group (HMG) board of directors has approved signing a new contract between one of its subsidiaries (Gharb Al-Takhassusi Hospital) and MASAH Construction Co. at the value of 71 million Saudi Riyals ($ 19 million).

This approval to start the construction works of a new maternity and pediatric hospital which is a branch of  Gharb Al-Takhassusi Hospital in Riyadh, it’s a one-year contract that covers all structural works in the new hospital after getting the initial approval from Ministry of Health in KSA, MASAH is now working on getting the construction license from Riyadh Municipality to start the project.

In August 2020, HMG board of directors announced the approval of building a new maternity and pediatric hospital in Riyadh at an estimate cost of SAR 472 million. This hospital will be built on a 7,170 square meter and expected launch date is Q1 2024 after obtaining all approvals and finalizing hospital equipping.

HMG is one of the largest healthcare service providers in the Middle East and Saudi Arabia and now operating 20 facilities located in KSA, UAE and Bahrain.

HBC Editors
HBC Editorshttp://www.healthcarebusinessclub.com
HBC editors are a group of healthcare business professionals from diversified backgrounds. At HBC, we present the latest business news, tips, trending topics, interviews in healthcare business field, HBC editors are expanding day by day to cover most of the topics in the middle east and Africa, and other international regions.

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