Sulaiman Al Habib announces new Hospital Project in Riyadh
- Date: 19-Dec-2022
- Source: Saudi Gulf Projects
- Sector:Healthcare
- Country:Saudi Arabia
Sulaiman Al Habib announces new Hospital Project in Riyadh
Dr. Sulaiman Al Habib Medical Services Group, Saudi Arabia announces to establish a new hospital project in Riyadh City by converting the Medical Center at Al Hamra district in Riyadh City to a hospital.
The Project will be built on a land with an area of 13,300 square meters that is located on King Abdullah Road in Al Hamra district, in Riyadh City, which is owned by Al Marakez Al Awwalyah for Healthcare Company.
The estimated total built-up area of the Project is 54,115 square meters, with capacity of 90 beds.
The estimated cost of the Hospital Project is SAR 539 million.
The ownership of the Project’s land will be completely transferred to a new company that will be established for this Project, which will be a subsidiary owned 100% by the Company.
The Project is expected to be completed during the first quarter of the year 2025, subject to obtaining approvals from the relevant authorities, statement mentioned.
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