Alameda to invest around $318 mln in Egypt in five years

Alameda Healthcare Group is looking to invest 5 billion Egyptian pounds ($318.1 million) in Egypt in the next five years, its chairman Fahad Khater announced on Sunday.

Speaking at a press conference in Cairo, Khater said the new investment is part of Alameda’s expansion strategy for Egypt, including setting up new hospitals in the country’s New Administrative Capital, New Alamein City, Alexandria, Assiut, and Mansoura.

“We are looking to create more than 5,000 job opportunities,” Khater added.

The group also plans to add 1,000 new beds in the next five years, in an effort to cover part of the market needs in Egypt.

“The group is working to launch a nursing academy to boost our capacity and ensure that patients get the best healthcare level.” Khater said.

The expansion strategy also involves the establishment of excellence centre designed to provide comprehensive medical services as they will include the most up-to-date technologies covering sever major specialties; cardiology, neurology, oncology, orthopedics and Spine surgeries, nephrology and kidney transplantation, gastroenterology, hepatology, and liver transplantation, and respiratory diseases, he concluded.