Saudi Arabia’s Jamjoom Pharma has signed an agreement with King Abdullah Economic City (KAEC) to build a hospital that will be completed in Q4 2024.
Construction will start in mid-2021, and the hospital will be built in multiple phases.
The medical and rehabilitation centre will create 500 jobs initially, and the number could rise to 800 upon completion of all development phases.
Sitting on a 10ha plot of land, the hospital, one of many planned across the kingdom, will be built with 150 beds, with the figure eventually increasing to 500.
KAEC is located on the west coast of Saudi Arabia and is approximately the size of Washington DC, covering more than 181km². The city is being developed by the Tadawul-listed Emaar the Economic City, a unit of Dubai-headquartered real estate giant Emaar. The project is said to be the world's biggest privately-financed new city.
Group chief executive officer of KAEC, Ahmed Linjawy, said he was “honoured” that Jamjoom had selected the under-construction city to be the home of the hospital.
He said Jamjoom’s decision to select KAEC as the destination stemmed from “confidence in the city’s status, its ambitious future, and its strategic location, which connects it to all western province cities in under an hour”.
Chief healthcare and education officer at KAEC, Mazen Tammar, echoed Linjawy’s comments and said the complex would be “a key addition” to healthcare services planned for KAEC.
“The healthcare division of KAEC aims to become one of the leading regional healthcare destinations for specialised treatments, located in a modern residential environment complete with world-class social, sports, and educational facilities,” he added.
In addition to all of the residential amenities and public spaces, KAEC is also home to the King Abdullah Port and the Haramain High Speed-Rail.