Built to inform

Sign up for the daily newsletters

No, Thank you

Construction of $90m Saudi German Hospital in Saudi 23% complete

The Dammam project, being built by International Hospital Construction, is due to open by 6 June, 2019

Saudi German Hospital's Dammam facility will open in 2019 [image: sghdubai.ae].
Saudi German Hospital's Dammam facility will open in 2019 [image: sghdubai.ae].

Updates have been revealed about the construction of Saudi German Hospital's new facility in Dammam. 

Work on the project began on 7 December, 2016, after International Hospital Construction Company was awarded a $89.7m (SAR336.4m) contract comprising construction services, medical equipment, and furniture. 

VIDEO: JLL reveals GCC healthcare forecast

The Dammam hospital is currently 23% complete, with full completion expected by 6 June, 2019, the hospital company revealed in a statement to the Saudi bourse.

At the time of the contract award's announcement in 2016, Saudi German Hospital said that the project would be funded by Islamic financing mechanisms. 

A local bank would provide $80.1m (SAR300m) for the Islamic financing package, with the remaining to be funded directly by the company. 

At the time of the contract's announcement, Saudi German Hospital said the project would have a positive impact on its revenues and income.

 

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 763
May 04, 2020