US Ambassador touts up to $40B healthcare investment opportunities in Egypt by 2025
Updated 12/15/2024 6:02:00 AM
Arab Finance: The US Ambassador to Egypt Herro Mustafa stated that Egypt's healthcare sector offers promising investment opportunities valued between $30 billion and $40 billion in hospital infrastructure by 2025, according to a statement by the Ministry of Investment and Foreign Trade.
Moreover, Mustafa expressed hopes that American companies would be major partners in these projects.
The announcement came during a virtual meeting between Egypt’s Minister of Investment Hassan El-Khatib and the ambassador.
The meeting included over 60 participants, with representatives from more than 40 American companies operating in 27 states. They discussed investment opportunities in Egypt’s healthcare and pharmaceutical sectors.
El-Khatib emphasized that healthcare and pharmaceuticals are top investment priorities for Egypt in the meantime.
Additionally, he noted that the government aims to double hospital bed capacity from 142,000 to 300,000 beds while reinforcing private sector investments under the universal health insurance system.
The meeting also explored opportunities to establish private hospitals in Egypt. Currently, the private sector owns about 30% of hospitals, and investors are encouraged to build private hospitals through partnerships or direct investments.
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