INVESTMENT WATCH- USD 350 mn medical city to be established in Matrouh: Two unnamed companies from the US and UAE have partnered up to build a world-class medical city in Matrouh at an investment cost of USD 350 mn, Matrouh Governor Alaa Abu Zeid tells Al Shorouk. The project, which will be run by the US company once completed, is expected to house a number of specialized state-of-the-art hospitals and medical care centers that will aim to make Egypt a hub for medical tourism, said the project’s Chief Executive Gary Lang. The 370-feddan medical city will open its doors with a capacity of 600 hospital beds that will gradually increase to 6,000, he added. Details on construction timeline were not disclosed.

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