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FinancialNews
08-08-18
Saudi group to set up medical city in Egypt at USD1bn
(MENAFN) Saudi Arabia's Atraba Integrated Holding is reportedly considering the establishment of an integrated medical city project in Egypt.
The Saudi group is seeking for the medical city to cover more than 500,000-sq-km with an initial USD1 billion of investment.
The news has been revealed in a report by Daily News Egypt, citing Saudi investor Fawaz Mohammed Bashraheel, who is also the chairperson of Atraba Integrated Holding.
Bashraheel confirmed that the project financing and fund company is seeking a partnership with local players on the initiative.
He added "we have already begun negotiations with some Egyptian investors and businesspersons mainly Mohamed Abou El Enein."
MENAFN0808201800450000ID1097266516
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