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Southwest Hospital-Jeddah
Overview
The project is a 50-50 joint venture between Al-Andalus Company and Dr. Sulaiman Al-Habib Medical Services Group, with aim to develop and operate a new hospital in Jeddah and the hospital includes 330 beds.
The project is part of Alandalus Square project that contains, two office towers, two residential towers and hotel apartment tower at city center, Jeddah.
Project Information
- Health care > Health Care Services
- West Jeddah Hospital Company is equally owned by Al-Andalus Real Estate Company and Dr. Sulaiman Al-Habib Medical Services Holding Group.
- On October 30, 2014, the company signed a partnership, design, development, management and operation contract.
- The company announced the completion of preparing the designs for the project, obtaining a building permit, and contractors are now being invited to submit offers for construction work the cost includes the value of the land.
- In January 2020, the company announced the completion of 50% of the basic equipment and 15% of the entire project phases. It also announced that the completion of the project’s phases will be by the third quarter of 2023, followed by the operation of the project during the fourth quarter of the same year.
- The company announced that its subsidiary, West Jeddah Hospital Company, had signed a contract for the implementation of electrical, mechanical and gypsum works for the West Jeddah Hospital project with Abdullatif Al-Arfaj and Brothers Holding Company, with a value of 288.4 million riyals.
- By the end of 2021, the company announced that the project was 29% complete.
- The company announced that the project is expected to be completed in 2023.
- In its Q3 2022 investor presentation, the company revealed that its expected it to be finalized in Q4 2023.
- In Q1 2023 presentation, the company revealed that the project is 61% complete.
- In Q2 2023 presentation, the company revealed that the project is 80% complete.
-
On December 31, 2023, Dr. Sulaiman Al Habib Medical Services Group announced
the completion of construction, electrical and mechanical works, and the hospital is expected to start commercial operation in Q1 2024.
-
On March 23, 2024, Alandalus Property Co. and Dr. Sulaiman Al Habib Medical Services Group announced that the hospital will open and start receiving patients on March 31.
Owners
Related Parties
Financing Sources
Project Developments
Tadawul-listed firms’ pipeline of projects, expansion plans for 2023Argaam Special03/01/2023
Key projects, expansions planned by Tadawul-listed companies in H2 2023Argaam Special13/07/2023
Here’s a look at Sulaiman Al Habib expansion, strategic plans in 2021Argaam Special27/03/2022
Sulaiman Al Habib plans to boost hospital bed capacity by 69% over 3 yearsArgaam Special31/03/2021
A look at latest developments on Sulaiman Al Habib’s future projects until February 2021Argaam Special03/03/2021
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