SGH II

completed

The project entails funding the expansion plans of Saudi German Hospitals Group (“SGH” or “the Group”), a leading provider of healthcare services in the Middle East and North Africa (“MENA”) region. The Group commenced operations in 1988, with its first hospital in Jeddah, Saudi Arabia. Currently the Group has a regional network of five hospitals, four training and nursing institutes and one medical college located in Saudi Arabia and Yemen. The Group has developed an ambitious long-term corporate vision: - to design, finance, construct and operate 30 world-class hospitals and create 50,000 jobs by the year 2015 and - to be the dominant regional player in the private medical education by establishing 5 medical colleges by the year 2010. In order to meet these long-term goals, the Group is embarking on a multi-phase expansion plan to enhance its presence in its existing hospitals and move to new markets. The Group’s expansion plan includes:- a 150 bed hospital in Hail, Saudi Arabia; - a 300 bed hospital in Cairo, Egypt; - a 315 bed hospital in Dubai, UAE; - a chain of thirty specialty clinics in Cairo; - a 100 – 150 bed hospital in Addis Ababa, Ethiopia; and - a nursing school in Cairo.