Initially, Humania plans to build a new hospital in Alexandria and a medical tower in Cairo, Egypt. While operating under the renowned Saudi German Hospital brand, Humania North Africa shall aim to provide best-in-class patient care to the region through world-class expertise and cutting-edge technologies. IFC has led both the equity and debt rounds and is also the lead participant, contributing over $100 million to Humania North Africa. Thanking the financial partners, Aamir Rehan Managing Director Humania said “Humania North Africa is a multi-country, multi-asset platform built in partnership with six global institutions from different countries that will support us in building and operating greenfield tertiary care hospitals almost simultaneously in Egypt and Morocco. Ahmed El Bakry, Managing Director Humania Africa added from Cairo “Based in North Africa, we witness, every day, the acute shortage of quality healthcare in our region, which we also saw further amplified during the Covid-19 crisis.

Source: The North Africa Journal July 02, 2020 14:26 UTC