{"id":95700,"date":"2025-03-27T00:00:00","date_gmt":"2025-03-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/27\/imc-opens-sar-168-mn-medical-complex-in-makkah\/"},"modified":"2025-03-27T00:00:00","modified_gmt":"2025-03-27T00:00:00","slug":"imc-opens-sar-168-mn-medical-complex-in-makkah","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/27\/imc-opens-sar-168-mn-medical-complex-in-makkah\/","title":{"rendered":"IMC Opens SAR 168 mn medical complex in Makkah"},"content":{"rendered":"

!_ImageURLWeb_! https:\/\/ent.news\/2025\/3\/2262.jpg<\/p>\n

\n

HEALTHCARE-<\/p>\n

IMC inaug<\/strong>urates new medical complex in Makkah:<\/strong> The International Medical Center<\/a> (IMC), a Fitaihi Holding Group<\/a> affiliate, opened a SAR 168 mn medical complex in Makkah\u2019s Al Naseem district, Fitaihi said in a disclosure to Tadawul<\/a>. The 19.9k sqm facility has 60 clinics.<\/p>\n

ICYMI-<\/strong> IMC announced in November<\/a> its plan to set up a new medical college in Jeddah, which will offer medical and nursing programs and a public health master\u2019s degree, with a capacity for 1.2k students.<\/p>\n

\n

M&A WATCH-<\/p>\n

Tihama A<\/a><\/strong>dvertising and Public Relations<\/a><\/strong> signed a one-year non-b<\/strong>inding MoU with <\/strong>Masar <\/strong>Alula<\/strong> to explore acquiring a stake in the firm<\/strong>, which owns the Hashikom restaurant chain, it said in a disclosure to Tadawul<\/a>. The size and value of the stake were not disclosed. The move is still pending due diligence and regulatory approvals.<\/p>\n

\n

DEBT WATCH-<\/p>\n

Knowled<\/a><\/strong>ge Economic<\/a><\/strong>City<\/a><\/strong> lined up a SAR 150 mn shariah-compliant corporate facility <\/strong>from the Saudi Investment Bank<\/strong>, it said in a disclosure to Tadawul<\/a>. The 4.5-year facility \u2014 guaranteed by land mortgages and promissory notes \u2014 will go toward financing the company's working capital needs.<\/p>\n

\n

CONSTRUCTION-<\/p>\n

Diriyah C<\/strong>ompany tapped Turner & Townsend<\/strong> as project and construction management <\/strong>consultant for the Northern District Construction Contract (NDCC)<\/strong>, it said in a post on LinkedIn<\/a>. <\/p>\n

REMEMBER- <\/strong>The PIF-backed NDCC is a joint venture comprising local contractor El Seif<\/a>Engineering Contracting<\/a> (Esec) and China State Construction Engineering Corp<\/a> (CSCEC) valued at SAR 7.8 bn<\/a>. It was formed to develop a mixed-use district set to be home to educational institutions, cultural venues, offices, and a luxury hotel.<\/p>\n

ALSO- <\/strong>The global consultancy firm was hired as cost consultant by PIF-owned housing developer Smart Accommodation for Residential Complexes Company<\/a> (SARCC), according to another post<\/a>. <\/p>\n

BACKGROUND- <\/strong>SARCC was set up in October<\/a> to address the housing needs of public and private sector staff working in major construction and development projects nationwide. The real estate development and managing firm has since acquired Al Nakhla Residential Resort<\/a> in a SAR 2.5 bn transaction to serve as a residential hub for senior management professionals. <\/p>\n

\n

CAPITAL MARKETS-<\/p>\n

Delta Alrea<\/strong>dh<\/strong> Capital earned approval from the Capital Market Authority<\/strong> to begin <\/strong>managing <\/strong>securities-related<\/strong> investments and advising activities<\/strong>, according to a statement<\/a> from the authority. <\/p>\n

\n

MEDIA-<\/p>\n

MRC Saudi <\/strong>partners with Adspective to boost audience analytics and ad <\/strong>strategies:<\/strong> Homegrown Analytics firm Media Rating Company<\/a> (MRC Saudi) partnered with Warsaw-based AI advertising company Adspective<\/a> to provide real-time insights into audience behavior, ad performance, and content engagement across television, digital, and out-of-home media, according to a press release.<\/a> The collaboration combines media analytics with AI-powered virtual product placement, allowing ads to be inserted directly into content based on viewer behavior. No investment ticket or timeline specifics were disclosed.<\/p>\n

\n

TELECOMS-<\/p>\n

Aces partne<\/strong>rs with RANsemi to develop 5G Open RAN neutral host small cell system in<\/strong> Saudi Arabia<\/strong>:<\/strong> Homegrown EPC contractor Aces<\/a> partnered with UK-based wireless semiconductor firm RANsemi<\/a> to develop a 5G Open RAN neutral host small cell system in the Kingdom, according to a post on LinkedIn<\/a>. Both companies will showcase their prototype system at the Small Cells World Summit (SCWS) in London in June.<\/p>\n

REFRESHER-<\/strong> Aces partnered with Nokia last month<\/a> to deploy a sharable indoor solution in Makkah, allowing three CSPs to operate a common network infrastructure, with the scalable deployment laying the groundwork for future 5G expansion.<\/p>\n

\n

INVESTMENT WATCH-<\/p>\n

Saudi Arabia and Egypt will partner up to produce fertilizers<\/strong> and soil enhancers in North Cairo\u2019s Nubariya, under an agreement inked between the Saudi Green Company for Agricultural Development and Egypt\u2019s Agricultural Research Center, according to a statement<\/a>. At a later stage, the two sides plan to collaborate on seed production, clean energy \u2014 with a focus on solar energy \u2014 medicinal and aromatic plants, and research. Fertilizer production will begin next June. <\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Knowledge Economic City lines up SAR 150 mn corporate facility from Saudi Investment Bank<\/p>\n","protected":false},"author":1,"featured_media":95701,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[2564],"tags":[54,4141,10,1234,170,1916,3374],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-delta-alreadh-capital","tag-enterpriseam-ksa","tag-fitaihi-holding-group","tag-knowledge-economic-city","tag-saudi-investment-bank-saib","tag-tihama-advertising","wpautop","entry"],"acf":{"mongo_id":"88488305-d14c-44aa-97d8-6af120c303e0","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2262.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IMC Opens SAR 168 mn medical complex in Makkah","related_issue":[95684],"teaser":"PLUS: Knowledge Economic City lines up SAR 150 mn corporate facility from Saudi Investment Bank","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.f0535be1-ebd9-4995-8523-7889e19c268b.mp3"},"yoast_head":"\nIMC Opens SAR 168 mn medical complex in Makkah - 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