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Expansion of Saudi German Hospital - Riyadh
Overview
The project encompasses an expansion of the Saudi German Hospital in Riyadh, by adding 143 beds and building a new tower comprising 160 clinics.The project's estimated cost is SAR 193.66 mln.
Project Information
Healthcare
- Health care
193.66 (Million Riyal) * Estimate:
160 clinics - 143 beds
Saudi Arabia
Riyadh
Saudi German Hospital - Riyadh
Completed
2018
2023
- The construction contract was awarded to the International Hospital Construction Company in March 2018 and the contract value was 193.66 million.
- The company announced that the contractor started work on the project in August 2018 and it is expected that the project will be completed by october 2021.
- The company announced that the percentage of completion achieved in the expansion of the medical tower and inpatient beds in the hospital reached 70%, and the project is expected to be completed by Q3 ,2022.
- In Q4 2022, the company announced that construction works were completed, and commercial operations will commence after obtaining the final approvals from the Ministry of Health.
- In Q1 2023, the project started commercial operations.
-
Owners
Name
Percentage
100.00%
Related Parties
Name
Role
Financing Sources
Source
Percentage
Mix
100.00 %
Project Developments
Overview of key delayed projects, expansions of Saudi-listed firms in 2022Argaam Special03/01/2023
Top Saudi projects, expansions to watch in 2021Argaam Special11/01/2021
Saudi German Health starts operations at medical tower in RiyadhArgaam22/01/2023
Saudi German Health completes construction of medical tower, inpatient beds expansion project Argaam13/11/2022
Saudi German Health to add 450 beds to operational capacity in 2022, prices up 10%: CFOArgaam Special16/05/2022
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