{"id":631716,"date":"2018-03-26T04:04:02","date_gmt":"2018-03-26T04:04:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/universal-healthcare-act-drumming-up-interest-in-egypts-healthcare-industry\/"},"modified":"2018-03-26T04:04:02","modified_gmt":"2018-03-26T04:04:02","slug":"universal-healthcare-act-drumming-up-interest-in-egypts-healthcare-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/universal-healthcare-act-drumming-up-interest-in-egypts-healthcare-industry\/","title":{"rendered":"Universal Healthcare Act drumming up interest in Egypt\u2019s healthcare industry?"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Universal Healthcare Act drums up interest in Egypt\u2019s healthcare industry? <\/strong>The issuance of the Universal Healthcare Act<\/a>, which was signed into law and January and is up for implementation in July, is drumming up investor interest<\/a> in Egypt\u2019s healthcare sector and medical industry.<\/p>\n

The Saudi German Hospitals Group is planning to inaugurate its USD 500 mn <\/strong>medical city in Alexandria<\/strong><\/a> next year, <\/strong>SGH Cairo CEO Mohamed Hablas tells Al Shorouk<\/a>. The company is nearing the end of construction on its medical city complex in Alex West<\/a>, which will house eight hospitals, a 220-clinic medical center, and an EGP 700 mn science and technology college. SGH is also planning to open two new hospitals in Egypt under its Andalusia brand <\/strong>at an investment cost of EGP 750 mn, one each in Six October City and New Cairo, in addition to its plans to build a hospital in Asyut and another in the new administrative capital.<\/p>\n

Medical group Speed is also planning to invest EGP 500 mn over the next three years<\/strong>, Chairman Mahmoud Lasheen says<\/a>. Speed intends to open a EGP 200-220 mn hospital in Obour City by the end of this year and simultaneously work on another EGP 280 mn facility in New Cairo, which it expects to inaugurate in the second half of 2019. Speed Medical Examination Services had announced earlier this month that it was planning to invest EGP 67 mn in 43 new labs between now and the end of 2Q2019, in addition to expanding its network to Libya, Morocco, Kenya, and Uganda.<\/p>\n

Recently,Mena Health Partners\u2019 recent announced<\/strong><\/a> it would be investing EGP 3 bn <\/strong>over the coming three years in its portfolio of four hospitals, and Saudi Arabia\u2019s Elaj has been on an acquisition spree<\/a> says its expansion plans<\/a> include a EGP 500 mn oncology hospital in Cairo.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Universal Healthcare Act drums up interest in Egypt\u2019s healthcare industry? The issuance of the Universal Healthcare Act, which was signed into law and January and is up for implementation in July, is drumming up investor interest in Egypt\u2019s healthcare sector and medical industry. The Saudi German Hospitals Group is planning to inaugurate its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631716","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"eb779f8c-2fc7-4223-8e4e-a17431b91660","order":"0","is_powered_by":true,"section_story_id":"8ce3d6c3-60d7-4144-a0ff-27597913217c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631705],"teaser":"","voice_url":""},"yoast_head":"\nUniversal Healthcare Act drumming up interest in Egypt\u2019s healthcare industry? - 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\/2018\/03\/26\/universal-healthcare-act-drumming-up-interest-in-egypts-healthcare-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Universal Healthcare Act drumming up interest in Egypt\u2019s healthcare industry?\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Universal Healthcare Act drums up interest in Egypt\u2019s healthcare industry? The issuance of the Universal Healthcare Act, which was signed into law and January and is up for implementation in July, is drumming up investor interest in Egypt\u2019s healthcare sector and medical industry. 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Their objections appear to be over fears of the dreaded and evil \u201cprivatization of healthcare\u201d \u2014 which Nasserist groupthink lingo for contracting out to the private sector. 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In a statement on Saturday, the group said that the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602824,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-healthcare-tithe-this-year-will-definitely-be-on-topline\/","url_meta":{"origin":631716,"position":2},"title":"Egypt\u2019s healthcare tithe this year will definitely be on topline","author":"enterpriseam admin","date":"8 April 2019","format":false,"excerpt":"EXCLUSIVE- Healthcare tithe this year will definitely be on the top line: The 0.25% levy businesses will have to pay as part of the Universal Healthcare Act will definitely be on revenues for the current fiscal year, Tax Authority head Abdel Azim Hussein tells us, implying that it is just\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632978,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/health-ministry-to-hold-national-dialogue-sessions-next-month-over-pricing-of-medical-services-under-new-healthcare-act\/","url_meta":{"origin":631716,"position":3},"title":"Health Ministry to hold \u201cnational dialogue\u201d sessions next month over pricing of medical services under new healthcare act","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"LEGISLATION WATCH- \u201cNational dialogue\u201d on pricing of medical services under universal healthcare act: The Health Ministry will reportedly begin holding \u201cnational dialogue\u201d sessions next month to discuss the pricing of medical services offered under the new Universal Healthcare Act with different stakeholders from the public and private sectors. 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