Tuesday 14/April/2026 – 10:39 PM
The Ministry of Health and Population is conducting a comparison and study between 3 technical and financial offers submitted by alliances and international companies to implement the Medical City project affiliated with the Hospitals and Educational Institutes Authority in the New Capital, amid a trend to choose the best partnership model that achieves the highest health, scientific and economic returns, and at the lowest possible cost to the general budget, according to what two official sources in the ministry revealed to Cairo 24.
3 companies compete to implement the medical city for teaching hospitals
The two sources explained that the three offers submitted by the Chinese company CSCEC, the Turkish company YDA, and the Inventure Group are still at the initial drawings stage, and have not reached the final executive drawings stage, indicating that the three companies are currently working on developing the designs based on the observations of the competent authorities.
The two sources added that the Ministry is awaiting the completion of the detailed technical offers, in addition to submitting the final financial offers, in preparation for conducting a comprehensive evaluation and choosing the most appropriate model for implementation.
An upcoming meeting with the Chinese side and review of the financing proposal
One of the sources revealed that an upcoming meeting will be held tomorrow with the Chinese company “CSCEC” to discuss the technical developments of the plans and discuss the financing aspects related to the project.
He explained that the Chinese offer includes a proposal to provide a soft loan through Chinese banks to finance part of the project, but this option is still under study in light of the state’s tendency to reduce dependence on external borrowing in major projects.
Meanwhile, the other source in the ministry indicated to Cairo 24 that all financing scenarios are still before the state, and include relying on entirely internal financing for the project, or external financing from international institutions and partners, or a mixed model that combines internal and external financing, in a way that ensures achieving the best balance between cost and financial sustainability without burdening the budget with additional, unconsidered burdens.
Dividing roles between creation, financing and operation
The first source explained that there is a proposal under study that depends on dividing the roles between the different parties, so that the Chinese company will undertake the construction implementation, due to its great experience in this field, while the “Inventure Group” or the Turkish company will undertake financing, management and operation, in a way that achieves integration between technical and investment expertise.
The first source revealed that the estimated cost of the project is estimated at about $1.5 billion, and may reach about $2 billion or more, in light of the construction work, advanced medical equipment, and supporting infrastructure that includes power stations and logistical services.
The source explained that the project is not limited to establishing a medical city only, but rather aims to develop an integrated system that includes therapeutic services, scientific research and medical training, in addition to attracting Egyptian talent abroad and enhancing the work environment within the health sector.
The two sources concluded their statements by emphasizing that all offers are still under technical and financial study, and that the final decision will be taken after completing the executive drawings and submitting the final financial offers, in preparation for choosing the most appropriate formula for implementation during the coming period.
