NMC Health, Hassana Investment sign agreement to build Saudi healthcare network

The memorandum of understanding targets a total investment of 6 billion Saudi riyals

  
Image used for illustrative purpose. Nurses wheel a patient in the emergency department at Al-Noor Specialist Hospital in Mecca September 30, 2014.

Image used for illustrative purpose. Nurses wheel a patient in the emergency department at Al-Noor Specialist Hospital in Mecca September 30, 2014.

REUTERS/ Muhammad Hamed

Dubai: NMC Health said it has signed an agreement with Hassana Investment Company, the investment arm of the General Organization for Social Insurance (GoSI) of Saudi Arabia, to develop a pan Saudi Arabian network of world-class healthcare facilities.

The memorandum of understanding targets a total investment of 6 billion Saudi riyals and the employment of up to 10,000 staff over the next five years, NMC said in a statement.

(Reporting by Saeed Azhar; Editing by Kirsten Donovan) ((Hesham.Hajali@thomsonreuters.com; +20223948100;))

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