Saudi Jordanian Investment Fund signs contract with Dar Al Handasah Consultants for engineering design, supervision of healthcare project

AMMAN — The Saudi Jordanian Fund for Health care and Educational Investments Business (SJFMEI), a wholly-owned subsidiary of the Saudi Jordanian Investment decision Fund (SJIF), on Thursday signed a agreement with Dar Al Handasah (Shair and Associates) – Dar – and Perkins & Will Worldwide, entailing the joint venture to carry out engineering style and design and supervision providers for the Healthcare Project.

Deputising for Key Minister Bisher Khasawneh, Minister of Investment decision Kholoud Saqqaf attended the signing ceremony, which was also attended by Minister of Wellness Feras Al Hawari, Saudi Ambassador to Jordan Naif Bin Bandar Al Sudairi, Director of the Jordan Expenditure Fund Zaher Qatarneh, and members of the board of administrators and the executive management of SJFMEI, in accordance to a SJFMEI assertion.

The agreement was signed by Fadi Al Stated, Chairman of SJFMEI, and by Abeer Tarawneh, the Director of Functions at Dar, on behalf of Dar and Perkins & Will Intercontinental.

Commenting on the occasion, Stated claimed that the implementation of the health care undertaking is progressing as prepared, and that the variety of Dar Al-Handasah and Perkins & Will JV was thanks to its nicely-recognized experience in the area of healthcare.

Mahmoud Sarhan, CEO of SJFMEI, stated: “Signing this deal with a person of the most distinguished worldwide teams in the fields of engineering style and supervision, signifies a major phase towards the execution of the Healthcare Undertaking, which seeks to add to improving healthcare services and health care schooling in Jordan and the area, in addition to strengthening Jordan’s posture in these sectors on regional and global concentrations.”

Tarawneh mentioned: “We are very very pleased and honoured to have been picked by the Saudi Jordanian Fund for Healthcare and Academic Investments to support the shipping and delivery of just one of the most significant and most impactful health care projects in Jordan and the region. We search ahead to working with our sister corporation – Perkins & Will International, 1 of the world’s foremost healthcare design firms – to give the engineering design and supervision solutions desired to supply a clinic and a college that can supply a earth-class excellent of care conventional and serve as a new regional hub for health care research and schooling.”

The project’s built-up location is estimated at 110,000 sq. metres, on a land region of about 187 dunums. It will be strategically located on the airport street, near the Ghamadan area, supplying accessibility to people from across Jordan.

On June 6, the Jordanian federal government and SJIF signed the investment decision and enhancement settlement of the $400-million task, which will be carried out dependent on a develop-run-transfer (BOT) model, as ownership of the undertaking will be transferred to the Jordanian federal government just after the close of the financial investment time period.

The health care project will consist of a university medical center with 330 beds, and 72 outpatient clinics, an ambulatory care building and a kids clinic, and a health care faculty with a overall potential for 600 college students, with a projected once-a-year pupil consumption of 100 learners. The challenge is anticipated to develop much more than 5,000 long term employment chances.

It will be executed in partnership with two of the most prestigious world institutions in the fields of healthcare and medical training: The College School London (UCL) Clinical University, as the educational spouse, and UCLA Health and fitness in Los Angeles, California, as the scientific spouse.

The challenge will also involve five health care centres of excellence, concentrated on delivering abilities close to the most frequent, and swiftest-growing, non-communicable conditions in Jordan and the area, like cardiology, oncology, neurology, gastroenterology, and orthopedics, though also focusing on highly developed scientific research by way of developing 4 scientific investigation centres in the fields of genomics and precision medication, stem cells and regenerative medicine, wellbeing systems and community overall health, and Bioinformatics.

Up to 7.5 per cent of the project’s profits will be focused to R&D in Jordan.

The venture seeks to deliver world wide expertise and skills into Jordan, lead to improving the health sector in the country, strengthen the product of accountable care, present superior-quality health care companies, and stimulate health care tourism and improve Jordan’s posture in this industry, the assertion explained.

By providing entry to distinguished healthcare education and learning, the project also seeks to construct medical competencies aimed at graduating a new era of health professionals, researchers and foreseeable future leaders in medicine.

The Saudi Jordanian Expense Fund Company was proven as a cooperative partnership amongst the Kingdom of Saudi Arabia and the Hashemite Kingdom of Jordan. Stemming from the outcomes of the Saudi Jordanian Cooperation Council, SJIF was founded on April 27, 2016, and its scope of operations was sophisticated via a subsequent MoU, signed August 25 of the exact same year, concerning the Kingdom of Saudi Arabia’s Public Expense Fund and the Jordan Investment Fund. The Saudi Jordanian Expense Fund was officially registered as a minimal public shareholding enterprise in March 2017, under the Jordan Expense Fund Law No. (16) of 2016.

The Community Investment decision Fund of Saudi Arabia owns 95 per cent of the corporation, though Jordanian banks individual the remaining 5 for every cent.

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