Muscat: Three hospitals to provide intensive care, emergency services and specialist baby care are going to be set up in Khasab, Suwaiq and Salalah.

The three will be built by UK-based firm International Hospitals Group (IHG), with support from UK Export Finance, Britain’s export credit agency that provides funding to companies that undertake overseas projects. In this case, it has supplied IHG with a loan of more than £500 million, which is repayable in the form of a loan.

Commenting on this, Liz Truss, the International Trade Secretary for the UK said, “The size of this contract demonstrates the appetite for the UK’s world leading healthcare expertise across the globe. I am delighted UK Export Finance is supporting the construction of these three hospitals which will not only improve healthcare provision in Oman but will also expand IHG’s overseas business.”

IHG will provide a full design, construction and services package for all three hospitals. Work will also include the construction of emergency power systems, maintenance facilities, roads and other associated infrastructure.

An International Hospitals Group spokesperson said: “International Hospitals Group is most grateful that UK Export Finance is supporting the development of these three hospitals, which will enhance the provision of healthcare services in the Sultanate of Oman.”

UK Export Finance also helped the International Hospitals Group win these three contracts, with all three hospitals employing specialists from the UK during the construction and design phase, in addition to procuring medical equipment from Britain.

UK Export Finance is the UK’s export credit agency and a government department, working alongside the Department for International Trade as an integral part of its strategy and operations. It exists to ensure that no viable UK export lacks for finance or insurance from the private market. It provides finance and insurance to help exporters win, fulfil and ensure they get paid for export contracts.

Sectors which UKEF has supported exports include: infrastructure, aerospace, healthcare, telecommunications, transport and industrial development.

© Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.