Saudi Arabias Middle East Healthcare Company has appointed a local contractor to carry out the main construction work on its $90m hospital scheme in the kingdoms eastern city of Dammam.
The local International Hospitals Construction Company (IHCC) has been appointed to build the 150-bed hospital in Dammam, according to a spokesperson for the Middle East Healthcare Companuy. The spokesperson also confirmed that work has already started with completion expected in mid-2019.
The hospital will be built in the Al-Faisaliah area of the city and will include 150-beds, a 100-outpatient clinic and eight operation theatres.
Saudi Arabias healthcare market is forecast to reach $27.4bn in 2020, registering a compound annual growth rate (CAGR) of 11 per cent from 2015.
This growth is expected to be achieved through increased private sector participation. The drive for private sector participation has resulted in a number of major government healthcare projects having been put on hold while the authorities look for alternative financing solutions.