FINANCIAL NEWS

Saudi government to invest in medical project

24 Apr 2014

(MENAFN) A cooperation agreement between China International Development and Investment Corporation Limited (CIDIC) and Saudi developer Trans Sadara Company has been established to form Lana medical services Projects Company, Saudi Gazette reported.

The Lana medical services Projects Company will take on the task of developing 11 hospitals with a total of 200 beds across the kingdom.

A member of the board of directors in Trans Sadara Company said that the first phase of the project will commence in Jubail with a planned USD93.3 million hospital.

Each of the 11 planned hospitals will is set to have patient and rehabilitation centers, surgical units and pharmacies.

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