Egypt to build healthcare resort in Giza

FeatureEgypt NewsNews
By Aya El Sayed
Mr. Hossam Heiba, CEO of the General Authority, Investment and Free Zones, Mr. Walid Al-Rashid, Chairman of the Board of Directors and Managing Director of Misr Investment and Development (MID) Company, and Dr. Mohamed Karar, Chairman of the Board of Directors and Managing Director of Maxim Investment Group, signed the contract to establish the first medical and health resort in Egypt. Credit: the Egyptian Cabinet.

Egypt’s General Authority, Investment, and Free Zones (GAFI), Misr Investment and Development (MID) Company, and Maxim Investment Group signed a contract on Tuesday to establish the country’s first medical and healthcare resort at a total cost of EGP 1.5 bln, according to Egypt’s Cabinet page on Facebook.

Maxim Group will develop an area of 40 acres in the Giza town of Al-Saff and transform it into Egypt’s first medical and healthcare resort, dubbed Naya Healthcare Resort.

Combining health care and hospitality services, Naya Healthcare Resort aims to boost medical tourism in Egypt, in line with the state’s strategy to enhance investment in the healthcare sector.

The project, that is supposed to provide 4,500 employment opportunities, aims at transforming the area into a hub for several activities, which will impact the development of the area.

GAFI chief Hussam Heiba highlighted the project as a successful example of public-private sector partnership (PPP), saying that the authority will continue to work with private sector partners in various ways.

 

 

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