{"id":613653,"date":"2024-01-18T00:00:00","date_gmt":"2024-01-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/18\/local-leasing-firms-ink-sale-and-leaseback-agreement-with-ehcs-for-capitalmed-project\/"},"modified":"2024-01-18T00:00:00","modified_gmt":"2024-01-18T00:00:00","slug":"local-leasing-firms-ink-sale-and-leaseback-agreement-with-ehcs-for-capitalmed-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/18\/local-leasing-firms-ink-sale-and-leaseback-agreement-with-ehcs-for-capitalmed-project\/","title":{"rendered":"Local leasing firms ink sale and leaseback agreement with EHCS for CapitalMed project"},"content":{"rendered":"

Local leasing firms team up for sale and leaseback agreement with CapitalMed:<\/strong>Beltone Financial subsidiary Beltone Leasing, Banque du Caire\u2019s Cairo Leasing Corporation<\/a>, and El Sewedy Group\u2019s Easy Lease<\/a> have inked a EGP 600 mn sale and leaseback agreement with Egyptians for Healthcare Services<\/a> (EHCS), Beltone said in a statement (pdf)<\/a>.<\/p>\n

Where is the money going? <\/strong>The funds will help EHCS finance the remaining costs of the service building in the first phase of the CapitalMed medical complex in Badr City. The agreement will see EHSC maintain operational control of the project. <\/p>\n

It\u2019s hasn\u2019t all been good news for EHCS this week : <\/strong>UAE-based district cooling firm Tabreed<\/a>, which was contracted to design, build, and operate a heating and cooling plant for CapitalMed in 2022, terminated its contract with EHCS<\/a> last week as the FX crisis had rendered the project \u201cfinancially unsustainable.\u201d <\/p>\n

CapitalMed? <\/strong>The EGP 18 bn medical complex aims to serve<\/a> as many as 20 mn people andincludes a general hospital and 19 specialist centers. Construction for the first of four phases of the project began in 2022, with all phases set to be completed within 10-12 years after breaking ground on the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funds will help EHCS fund its CapitalMed medical complex in Badr City<\/p>\n","protected":false},"author":1,"featured_media":613654,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8313],"tags":[812,8293,2104,72,503,7115],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-613653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","tag-beltone-financial","tag-capitalmed","tag-egyptians-for-health-care-services-ehcs","tag-enterpriseam","tag-financial-services","tag-healthcare","wpautop","entry"],"acf":{"mongo_id":"375e7f7c-b769-4346-a89d-1bf55532b4e4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1459.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian leasing firms ink EGP 600 mn sale and leaseback agreement with EHCS for CapitalMed project","related_issue":[613644],"teaser":"The funds will help EHCS fund its CapitalMed medical complex in Badr City","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.101ec0d2-37ce-4133-ac6a-b10d9e93e535.mp3"},"yoast_head":"\nLocal leasing firms ink sale and leaseback agreement with EHCS for CapitalMed project - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/18\/local-leasing-firms-ink-sale-and-leaseback-agreement-with-ehcs-for-capitalmed-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local leasing firms ink sale and leaseback agreement with EHCS for CapitalMed project\" \/>\n<meta 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