Page 104 - SGH REPORT - FEBRUARY 2024
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2/15/24, 2:51 PM Saudi German Health opens new hospital in Egypt
The statement emphasizes that all necessary licenses were secured from the relevant
authorities, enabling the hospital to commence patient admissions from Oct. 11, 2023.
The company is entitled to receive a 10% share of net profits before taxes in management
supervision fees for the hospital.
In September 2016, the company’s board approved a management supervision agreement
for Batterjee Medical City in Alex West district of Alexandria, according to data available
on Argaam.
Batterjee Medical City comprises four phases, the first of which encompasses a general
hospital and staff accommodation at an estimated cost of EGP 1.5 billion and EGP 110
million, respectively.
Phase two includes seven specialty hospitals, which will likely cost between EGP 5 billion
and EGP 6 billion. This is besides up to EGP 20 million for staff accommodation for each
hospital.
The third phase consists of a medical center, featuring 220 clinics, valued at up to EGP 200
million.
Finally, a college of medical sciences and technology will be established under phase four, at
an estimated cost of EGP 700 million.
https://www.argaam.com/en/article/articledetail/id/1703804?IRAccessToken=budget-saudi 2/2
