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Mouwasat Hospital - Yanbu
Overview
Developing and operating a hospital at Al Sawari District, Yanbu Industrial City, at a cost of SAR 500 million, spanning an area of 40,00 square meters. The hospital includes 200 beds and 60 clinics.
Project Information
Healthcare
- Health care > Health Care Services
500.00 (Million Riyal) * Estimate:
200 beds / 60 clinics
Saudi Arabia
Yanbu
Al Sawari district
Under Construction
2022
2025
- In 2021, the company announced obtaining the final approval from Royal Commission for Jubail and Yanbu on the initial and final illustrative, planning and engineering plans of the project.
- In Q1 2022, the company raised the estimated cost of the project to SAR 465 million from SAR 325 million due to the increase of the built-up area and building materials cost.
- In Q2 2022, the company signed a contract with Tareg Al Jaafari Contracting for the construction works of the project.
- In Q3 2022, the company announced that the hospital’s implementation works started.
- In its 2022 board report, the company revealed that construction work still ongoing on the eighth hospital of the company at a total cost of SAR 500 million and it is expected to be complete and operational in 2024.
-
In Q3 2023 investor presentation, the company revealed that the hospital is expected to be complete in 2025.
-
Owners
Name
Percentage
100.00%
Related Parties
Name
Role
Tareg Al-Jaafari Contracting Est.
Contractor
Financing Sources
Source
Percentage
Equity
20.00 %
Debt
50.00 %
Third-Party
30.00 %
Project Developments
A look at Mouwasat’s latest project developmentsArgaam Special24/03/2020
Mouwasat mulls establishment, acquisition of new projects; sees better performance in H2 2022: MDِArgaam special 15/08/2022
Mouwasat to start new branch in Yanbu Industrial City at SAR 325 mln Argaam18/12/2018
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