Meed | PIF backs $400m Jordan health care project

PIF backs $400m Jordan health care project

16 October 2023

Jordan has launched a $400m health care project funded by Saudi Arabia’s sovereign wealth fund, according to local media reports.

Jordan’s Deputy Prime Minister Nassir al-Sharida laid the groundstone for the project in the capital, Amman, on 13 October.

Investments in the project could reach over $400m to be funded by the Saudi Jordanian Fund for Medical and Educational Investments Company (SJFMEI), understood to be a wholly owned by the Saudi Public Investment Fund (PIF).

The project comprises a 600-seat medical university, a 330-bed hospital, 72 outpatient clinics, and several specialised medical centres, the reports stated.

Academic partners of the 110,000-sq-metre project include London University and the California Medical Centre.

In November last year, Dar and the US' Perkins & Will – both subsidiaries of Dar Group – won the contract to provide engineering design and supervision services on the project.

According to a Dar Group statement, the new healthcare complex will include five medical centres of excellence, focused on providing expertise in cardiology, oncology, neurology, gastroenterology and orthopaedics.

It will also focus on advanced scientific research by establishing four scientific research centres in genomics and precision medicine, stem cells and regenerative medicine, health systems and public health, and bioinformatics.

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Jennifer Aguinaldo