Ajman Bank has signed a financing agreement with Saudi German Hospitals Group for the construction of Saudi German Hospital Ajman (SGH-Ajman). The planned hospital would be a 50- bed facility in the Emirate of Ajman. The total cost of the project is AED327.3 million, and the completion of all phases of the project and formal opening of the hospital is expected in 2018. The signing of the agreement was overseen by Mohamed Amiri, Chief Executive Officer of Ajman Bank, and Sobhi Batterjee, CEO and Chairman of the Saudi German Hospitals Group. Akram Khan, Vice President of Ajman Bank, said that the agreement includes providing a housing fund for hospital workers and a range of items within the framework of the agreement.
Construction Week's Leaders in Construction Summit is set to take place on September 3 in Dubai. IHCC, a turnkey solutions provider that specializes in healthcare, education and mixed-use projects, will participate in the Summit by organizing a panel discussion on designing and managing diverse social infrastructure projects including hospitals, schools and universities. IHCC's CEO Sultan Sobhi Batterjee will share insights at a panel discussion that will mull diverse emerging issues in the real estate sector such as the rise in spending on social infrastructure across the GCC, how contractors can win work in this area, what special capabilities are required and best ways to partner with leading international education and healthcare providers.