JIF and SJIF signs agreements to develop USD400mln project in the healthcare sector

JIF and SJIF signs agreements to develop USD400mln project in the healthcare sector

The agreements were signed by SJIF chairman Mr. Hisham Attar, SJIF CEO Mr. Omar Alwir, Amman Mayor Dr. Yousef Al Shawarbeh, who is also the chairman of Amman Vision Investment and Development Company, JIF Director Mr. Zaher Qatarneh, and acting CEO of Amman Vision Investment and Development Company Ala’a-Eddin Beano.

The project will be implemented based on a build-operate-transfer (BOT) model, as ownership of the project will be transferred to the Jordanian Government after the end of the investment period, as the project is included under the provisions of Jordan Investment Fund Law No. (16) of 2016 as per the decision of the Jordanian Cabinet issued on October 18, 2020.

The healthcare project will consist of a university hospital with 300 beds, and more than 60 outpatient clinics, an ambulatory care building, and a medical school with a total capacity for 600 students, with a projected annual student intake of 100 students. The project is expected to create more than 5,000 employment opportunities.

The project will be strategically located on the airport road, near Ghamadan area, providing access to patients from across Jordan.

It will be implemented in partnership with two of the most prestigious global institutions in the fields of healthcare and medical