UAE’s NMC Healthcare looking at further Egypt opportunities

INVESTMENT WATCH- UAE-based hospital operator NMC Healthcare is eyeing growth in Egypt, which it sees as “a very interesting and fundamentally strong market,” the National reports. NMC, which is poised to become the second-biggest non-state healthcare provider in Saudi Arabia, says it needs to study Egypt further before pressing ahead with any expansion plans in the country. “Once we understand the market, and we believe it’s a good market, we will definitely look at opportunities in Egypt,” CEO Prasanth Manghat said. NMC has already signed operation and management contracts to manage Cairo’s Dar Al Fouad and As-Salam hospitals.