Lebanon Businessnews News

Lebanon Medical City
to open in Akkar
Investment of up to $50 million to build hospital

and nursing institution

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Construction works on the Lebanon Medical City have been launched by Bodon Group in Akkar, which will be completed in two years.

Abdel Rahim El Bodon, Chairman, said: “We were intending to open a mall, but after conducting a market study, we found it more feasible to change the plan and build a hospital instead.”

“There is a shortage of hospitals that offer high quality services in the Akkar region and ours will be built with high standards,” said El Bodon.

The land plot is 73,000 square meters and the built-up area of the hospital is 30,000 m2. Investment in the project is expected to reach $50 million. “We are still searching for investors that can equity fund the project.” El Bodon said that they are facing difficulty in obtaining loans from banks.

The medical city will comprise a hospital that will host 210 beds. It will also include a nursing institution and a hospitality vocational institute specialized in training staff on hospital food. It will employ around 600.

Bodon Group is in the process of obtaining the license for the hospital from the Ministry of Public Health. A medical management company will manage it, when it is completed. Bodon Construction is the company contracting the project.

Bodon Group has several affiliates, including a textile factory, a cosmetics factory in Egypt, and a trading company for sport gadgets.
Reported by Rania Ghanem
Date Posted: Aug 12, 2015
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