Arab Finance: Prime Minister Mostafa Madbouly has directed the rapid preparation of investment opportunities in Egypt’s health sector for the next decade, coupled with clear partnership mechanisms, the Golden License, and standard contracts to attract private sector participation, as per a statement.
This came during a meeting to discuss the long-term investment strategy for healthcare, attended by Deputy Prime Minister for Human Development and Minister of Health and Population Khaled Abdel Ghaffar, Minister of Investment and Foreign Trade Hassan El-Khatib, and senior officials.
Madbouly emphasized that the government is actively promoting high-potential sectors as part of its broader economic strategy, closely monitored by President Abdel Fattah El-Sisi.
This includes implementing structural reforms, advancing digital transformation, and fostering a more competitive and investor-friendly environment across key sectors, with health among the top priorities.
He highlighted the significance of the health sector, particularly medical tourism, as a strategic investment avenue.
The government, he said, is committed to providing the necessary support to develop healthcare services and infrastructure in collaboration with the private sector.
Further coordination meetings are planned to align sector-specific investment opportunities with national targets and to ensure that the Ministry of Investment serves as the central platform for promotion.
During the meeting, Abdel Ghaffar presented a comprehensive 10-year investment plan, which includes the development of health infrastructure, the completion of universal health insurance phases, and the modernization of existing facilities.
The plan also aims to enhance public-private partnerships under a clear legal framework, applying international quality standards and providing investors with access to sector data and trends.
Abdel Ghaffar outlined over 75 investment opportunities across several areas, including the development and operation of hospitals, medical and diagnostic technologies, digital healthcare transformation, pharmaceutical localization, and home healthcare services.
He noted that 63 opportunities have been identified for hospital development and operations, including existing and newly constructed state hospitals, as well as land allocations for new facilities in partnership with the private sector.
Opportunities also include managing 41 facilities across 14 governorates and establishing 21 investment hospitals in new urban communities. Three opportunities are available in specialized services, and six are focused on localizing radiology technologies.
Abdel Ghaffar also proposed a private-sector partnership for a national digital healthcare transformation initiative, including a unified hospital information management system and AI-based software, expected to be completed in three to five years.
In pharmaceutical localization, he reviewed the current state of local production and outlined targets to expand domestic manufacturing capacity.
He also introduced a new home healthcare initiative through the "Salamatak" app, targeting 13 million annual visits and an estimated EGP 27 billion in investment potential.
Additionally, Abdel Ghaffar shared details of "Health Egypt," a new company to manage and operate healthcare facilities, aiming to offer competitively priced services aligned with private sector standards. He also outlined a 200-bed hospital project under evaluation with a completed feasibility study.
El-Khatib confirmed that both ministries are actively working to develop and promote these investment opportunities, noting that the Ministry of Investment will ensure their inclusion in the national investment map and coordinate with investment banks.