PROJECT

Projects

Summary of Proposed Investment

Project Number

25918

Company Name

ANDALUSIA ARABIAN HOLDING COMPANY

Date SPI Disclosed

Jun 18, 2007

Country

Egypt, Arab Republic of

Industry

Health, Education and Life Sciences

Projected Board Date

Jul 20, 2007

Status

Completed

Sector

Hospitals and Clinics

Department

Regional Industry MAS MCT

Environmental Category

B - Limited

Previous Events

Approved : Aug 16, 2007
Signed : Oct 23, 2007
Invested : Jan 10, 2008

Project Description

The project consists of financing the expansion in Egypt of Andalusia Group (Andalusia or the Group). Andalusia is a hospital and healthcare company established in 1984 with hospital operations in Jeddah, Saudi Arabia and Alexandria, Egypt. The company intends to expand its operations in Alexandria, enter the Cairo market, and establish a nursing academy to address the chronic shortage of nurses in the region.

Sponsor / Cost / Location

Development Impact