Andalusia Hospitals

completed

Andalusia Group (Andalusia or the Group), a hospital and healthcare company established in 1984, is operating under the brand name of “Al-Salama” in Alexandria, Egypt and “Hai-Al-Jamea” in Jeddah, Saudi Arabia. Andalusia’s network operates 200 beds in total (88 in Jeddah; 112 in Alexandria) and provides services to 420,000 patients a year.The Group has developed an $68 million 3-year expansion program which consists of:An investment program in Egypt of $33 million which entails:- expansion of Al-Salama hospital in Alexandria from 83 to 115 beds, and - construction of a new 100 bed Al-Salama hospital in Cairo.An on going investment program in Saudi Arabia of $35 million which will result in:- construction of a new 120 bed hospital in the new Jeddah Gate down town, - expansion of existing Hai Al-Jamea Hospital in Jeddah, and - expansion of dental and dermatology center in Jeddah.The proposed IFC investment is an A loan for IFC’s own account of up to $15 million and an equity investment of up to $10 million.