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Al Fouzan wins SR500m university hospital contract
Saudi Al Fouzan Trading and General Contracting has been awarded a SR 500 million contract to build a university hospital in Dammam.
The 400-bed capacity hospital is seen as a crucial project for the university by the government, which gives special attention and support to its higher education sector.
Board chairman of Al Fouzan Trading and General Contracting, Sheikh Mohammad Al Fouzan said the company's specialist experience in building and designing hospitals in line with modern design styles and high standards, plus its recent Middle East's Best Medical Project Pioneering Award, had led to its appointment for the project.
The company’s latest successful project was The King Abdullah Medical City in Mecca, which was handed over in record time.
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Gulf hospital projects in rude health
Hospitals and medical facilities have seen strong development in the last two years, especially in areas of the GCC that are playing catch-up to provide for their communities.
Many projects are coming to completion this month or in twelve months’ time – timely, some might say, to welcome in a more stable economic environment and higher population growth.
For some developers and contractors they are proving a long-term source of returns, compared to the relative quick bucks of property.
A key challenge is being able to understand the changing dynamics of healthcare that will inevitably filter through into the specifications of new medical facilities, or upgrades to existing structures.
Both globally and locally there has been an increasing shift from general care to a more customer-tailored service.
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