HMG is spending $1.73bn to construct 6 hospitals in the Kingdom

Saudi-listed Dr Sulaiman Al Habib Medical Group (HMG) said that it is spending more than 6.5 billion Saudi riyals ($1.73 billion) on the construction of six hospitals. These ongoing projects will be completed between 2023 and 2025, the company said in its 2022 annual report.

The six projects are as follows:

Shamal Al Riyadh (North Riyadh) Hospital

Construction cost: SAR 2.2 billion

Land cost: SAR 659.5 million

Number of Beds: 500

Expected Completion date: 2023

Gharb Jeddah (Southwest Jeddah) Hospital

Construction cost: SAR 1.5 billion

Land cost: SAR 132.6 million

Number of Beds: 330

Expected Completion date: 2023

Maternity and Pediatric Hospital (New Takhassusi Expansion)

Construction cost: SAR 391 million

Land cost: SAR 80.8 million

Number of Beds: 145

Expected Completion date: 2024

Al Muhammadiyah (North Jeddah) Hospital

Construction cost: SAR 1.5 billion

Land cost: SAR 243.5 million

Number of Beds: 350

Expected Completion date: 2024

Sehat Al Kharj Hospital

Construction cost: SAR 427.8 million

Land cost: SAR 30.2 million

Number of Beds: 141

Expected Completion date: 2024

Al Hamra Hospital

Construction cost: SAR 470 million

Land cost: SAR 69 million

Number of Beds: 90

Expected Completion date: 2025

Source: Zawya