Saudi Atraba wants to invest $1 bln in medical city in Egypt

Saudi Arabia’s Atraba Integrated Holding Company announced on Sunday that it is studying the implementation of a fully-fledged medical city in Egypt, with investments worth $1 billion.

The medical city is set to be developed on a space of 500,000 square metres through a consortium with a number of Egyptian investors, Atraba’s chairman Fawaz Bashraheel said on Sunday.

“We have started negotiations with a bunch of the Egyptian investors, mainly the businessman Mohamed Abou El Enein,” Bashraheel further added.

“The city will be one of the biggest medical cities in the world,” he said.