Client has signed a land lease contract with Madinah Municipality for constructing, operating, and maintaining a hospital. The company plans to establish a hospital on the leased land, providing integrated health services through many different medical specialties, after obtaining the necessary approvals and licenses from the relevant authorities. Client also received earlier this month, a letter from Madinah Municipality awarding a lease contract to invest in a land with a total area of 18,772 square meters. The contract value is SAR 30.2 million, excluding value-added tax (VAT), representing the total rental value for 50 years.
This project is currently under planning stage.
The project is in the initial stages of planning.
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