Egypt’s New Urban Communities Authority (NUCA) has entered into a land sales agreement with NHMC Medical Services (Egypt), a subsidiary of NHMC, a U.K.-based company. The agreement entails the development of an integrated educational medical city and urban project in Shorouk City. The total investment for the project amounts to $300 million.
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The signing ceremony was attended by Amin Ghoneim, NUCA’s vice president for Real Estate and Commercial Affairs, and Dr. Nasser Michel Fouad, chairman of NHMC Investments & Credit Group Ltd, and His Majesty’s Deputy Lieutenant of Cheshire. Egyptian Prime Minister Mostafa Madbouly and Assem Al-Gazzar, Egypt’s minister of Housing, Utilities and Urban Communities, were also present.
Spanning a 72-acre plot of land, the project will allocate 65 percent of the area to urban development and 35 percent to the educational medical city, as stated in a joint press statement.
Innovative healthcare
Moreover, the project will feature the first English colleges of medicine, nursing, and physical therapy in the Middle East and Africa (MEA) region, in collaboration with the University of Buckingham. Additionally, it will house the region’s first educational and private hospital affiliated with the University of Buckingham.
Among the project’s highlights is a collaboration with US pharmaceutical company Johnson & Johnson to establish a hospital specializing in face, jaw, and knee surgeries. The facility will also include a dedicated medical area with 76 beds for the elderly and a sports academy catering to individuals with special needs.
Other components of the project include an international school, residential units such as villas, apartments, and hotel apartments, as well as commercial units including malls and office buildings for various medical specialties.
The project is expected to generate over 2,000 job opportunities.
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