Al Batterjee Medical Group plans to double its investments in health and medical tourism sectors in Egypt – 2 October 2016
With an ambitious strategy, Al-Batterjee Medical Group (Saudi-German hospitals) plans to invest more than 5 billion Egyptian pounds in establishing new medical cities besides the International Medical City, in which the group announced its establishment in the northern coast last year with investments exceeding 10 billion pounds.
Furthermore, the group aims to establish a medical city in Giza governorate, with investments exceeding one billion pounds on an area of 17.5 acre and another one in Ismailia governorate. In addition, to establishing several hospitals in different Egyptian governorates. This comes within the framework of an expansion plan designed to bring a paradigm shift in health care and medical tourism sector in Egypt and the Middle East.
“The group believes that the Egyptian economy is very promising in the light of the government reform plan success initiated by President Abdel Fattah Al Sisi in 2013. Consequently, this is reflected in the improvement of economic indicators and its stability to a large extent comparing to the conditions before.” Dr. Makarem Batterjee – Vice Chairman of Batterjee medical group stated.
He added that the group has a large expansion plan aims at supporting the Egyptian economy and the medical tourism sector, which is one of the most important sources of national income in many countries. He also stated that: “Supporting Egypt and revitalizing the investment sector, through pumping more capital into the market has become a major objective of the group. The Egyptian market is one of the best markets in the region” pointing out that the medical city in Giza is the third of the group’s projects in Egypt after the medical city in Alexandria and the Saudi-German Hospital in Cairo.”
Al-Batterjee medical city of Alexandria project is expected to be completed by the end of 2019 to provide specialized medical services to citizens and residents in the northern governorates of Egypt as well as patients coming from Libya, where the city is about 5 hours distance by overland road from the Libyan border.