Egypt's Speed Medical inks contract with MEDAF Investments

Speed Medical has signed the contract through one of its subsidiaries that operates in transferring Egyptian workers to Libya

  
A trader works at the Egyptian stock exchange in Cairo, Egypt September 23, 2019.

A trader works at the Egyptian stock exchange in Cairo, Egypt September 23, 2019.

REUTERS/Mohamed Abd El Ghany
 

Egypt - Speed Medical Company (SPMD) has signed a contract with MEDAF Investments Holding on Saturday, Speed Medical said in a statement.

Speed Medical has signed the contract through one of its subsidiaries that operates in transferring Egyptian workers to Libya.

The contract has been signed with the aim to conduct COVID-19 pre-travel analysis (PCR) through Speed Labs for a minimum of 600,000 travellers, with expected revenues of EGP 336 million, according to the statement.

Earlier today, Speed Medical announced that it will open 13 labs in Upper Egypt, which will bring the total number of Speed Medical’s labs to 134.

Established in December 2015 and listed on the EGX since March 2019, Speed Medical is a Cairo-based company that operates in the healthcare sector.

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