Saudi German Health awards $59.5mn in contracts for expansion of Saudi German Hospital Riyadh ...United Arab Emirates

Saudi German Health (SGH) has awarded contracts worth $59.5mn for the construction of an outpatient tower with 14 clinics and a 207-bed inpatient expansion in the Saudi German Hospital Riyadh. In a filing on the Saudi Exchange, SGH said it had awarded the contracts to International Hospital Construction Company (IHCC). It added that it expects to complete the project within 36 months from the date of award. The expansion project is being financed partly through bank loans and partly through the international generation of funds by the company, the filing added. Saudi German Hospital Riyadh has a built-up area of 35,188sqm and contains an existing 300-plus beds, the company said. It is locat

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