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Ajman Bank to finance construction of SGH-Ajman

The total cost of the hospital is $89.1m (AED327.3m), and is expected to open in 2018

Mohamed Amiri, CEO of Ajman Bank, and Sobhi Batterjee, CEO and chairman of the Saudi German Hospitals Group signed the contract.
Mohamed Amiri, CEO of Ajman Bank, and Sobhi Batterjee, CEO and chairman of the Saudi German Hospitals Group signed the contract.

Ajman Bank has signed a financing agreement with Saudi German Hospitals Group for the construction of Saudi German Hospital Ajman (SGH-Ajman), a 50-bed facility.

The total cost of the project is $89.1m (AED327.3m), and the completion of all phases of the project and formal opening of the hospital is expected in 2018, state news agency, WAM reported.

The signing of the agreement was overseen by Mohamed Amiri, chief executive officer of Ajman Bank, and Sobhi Batterjee, CEO and chairman of the Saudi German Hospitals Group.

Amiri said that the agreement is a true reflection of Ajman bank’s focus and keenness to support the medical sector by financing specific development projects that promote an integrated health care system in the emirate.

International Hospitals Construction Co had announced in 2014, that it won a contract to build a 300-bed hospital in Ajman, under the same management of Saudi German Hospitals Group.

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Construction Week - Issue 749
Sep 15, 2019