Dallah Healthcare Company (DHC), a Saudi Arabia-based healthcare services provider, has announced plans to build a new hospital in Riyadh-Al-Arid district, reported TradeArabia.
The hospital will be built on 45,000m² of land within the company’s property in Riyadh.
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The property is located at the crossroads of Prince Saud Bin Abduallah bin Jalawi and Abu Bakr Al-Siddiq roads.
With a capacity of 250 beds and scope for future expansion, the facility will have a total estimated built-up area of 87,300m².
Construction of the new hospital will be financed through the company’s resources and long-term facilities.
Excavation and site preparation for the project are anticipated to start soon, with construction scheduled to commence in Q3 2023 upon receipt of necessary permits.
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By GlobalDataFollowing regulatory approvals, the construction is expected to be completed in Q4 2025.
In January 2023, DHC completed the procedures for the acquisition of all Kun Investment Holding Company’s shares in International Medical Center Company (IMC), reported Mubasher.
The acquisition of the shares increased DHC’s ownership of IMC to 27.18%.
