KUWAIT Dec 13 Kuwait Health Assurance Company
(KHAC) on Tuesday signed a 162 million dinar ($531 million) deal
with the China Metallurgical Group Corporation (MCC) to build
two hospitals with a 600-bed capacity, KHAC said.
The hospitals will serve insurance-paying expatriates who
account for some 70 percent of Kuwait's 4.4 million population.
KHAC, which was set up by the government in 2014 in
partnership with the private sector, aims to provide health care
services to expatriates separate from those provided by the
government to Kuwaitis.
Chief Executive Ahmed al-Saleh, who signed the deal in
Kuwait city with a senior MCC official, said the contracting
company would design, build, equip and maintain the two
hospitals, which will be located in al-Jahra and al-Ahmadi
Saleh said the projects are part of the development plan
approved by the Kuwaiti cabinet in 2010, which calls for
"providing the highest level of healthcare".
The two hospitals are expected to be completed within 36
months and will open by the end of 2019, he said.
In 2013 Kuwaiti investment firm Arabi Group Holding Co won
a bid to buy a 26 percent stake in KHAC which was auctioned by
the country's sovereign wealth fund.
($1=0.3050 Kuwaiti dinars)
(Reporting by Ahmed Hagagy; Writing by Sami Aboudi; Editing by