Tamasuk, Alghanim Consortium announces the successful Financial Close of the Al Ansar Hospital Public-Private Partnership (PPP) project, marking a significant milestone in the healthcare infrastructure of KSA. This groundbreaking achievement, realized under the Ministry of Health Saudi Arabia MOH PSP Initiative, sets a precedent for future healthcare PPPs and underscores our commitment to advancing healthcare services.
The public-private partnership project was awarded to the Alghanim International – Tamasuk consortium by the Ministry of Health Saudi Arabia (MOH) in collaboration with the National Center for Privatization & PPP (NCP). It covers the financing, design, procurement, construction, commissioning, and 20-year operations and maintenance of a 244-bed public emergency hospital and associated facilities.
Key Highlights:
- Project Scope: Constructing a 244-bed public emergency hospital in Madinah
- Consortium: Alghanim International, Tamasuk
- Lenders Group: Alinma Bank, Natixis Corporate & Investment Banking, and Riyad Bank
- Impact: Improving healthcare services for locals and pilgrims, especially during Hajj and Umrah
The Compay stated that, beyond constructing a hospital, we are committed to environmental and social stewardship. Our project is closely aligned with essential ESG frameworks, guaranteeing sustainability throughout its development.
Related: Tamasuk, Alghanim Consortium Signed Agreement for Al Ansar Hospital in Madinah
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