New hospitals with a value of $11 billion are active. $6.4 billion is currently under construction, and $4.8 billion is in design.
Sub-Sahara Africa investing $11 billion in new hospitals
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Egypt is investing $1.8 Billion in new hospitals
Egypt leads North Africa with more than 60% of the new hospital projects. Egypt’s population exceeds 108 million, or 42% of North Africa’s total population. Egypt’s population growth rate is also the highest in North Africa. Investing in healthcare is a primary focus for the Egyptian government.
Growth in the Middle East Healthcare Construction Sector
The Middle East has more than $18 billion of active hospital projects. More than 70% of these new projects are in Saudi Arabia. The UAE is second with 14% of active hospital projects. Of the $18 billion, more than $12 billion is under construction, with the balance, or $6 billion, in the pre-execution phase.
7 companies & Nigerian government reaffirm commitment to support the goals of the CEDI
According to a US State Department September 2022 press release, the government of the Federal Republic of Nigeria has signed a letter of intent with seven companies in Lagos.
Top 10 Countries by risk rating: Africa
ABiQ provides a risk rating for each country in Africa. The overall country risk rating is a composite rating. This composite rating is a measure that outlines to what extent economic, political, financial, health, security and other factors can affect investing and doing business in a country. The rating ranges from 1-10, with 1 being the best possible rating, and 10 being the worst possible rating.
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