Specialized Medical Co. Announces Project Award with The Government of the Kingdom of Saudi Arabia (Ministry of Health) -acting as the procurer and asset owner under the Project Agreement.
AI Summary
- Specialized Medical Company’s subsidiary, Al-Mukhtas Al-Sehhi Medical (51% owned), received a project award from the Saudi Ministry of Health to manage and operate the SABIC Behavioral Care Specialist Hospital.
- The project has an estimated total value of SAR 3.8 billion inclusive of VAT and a contract term of 15 years under a Public-Private Partnership (PPP) model.
- The scope includes full medical and non-medical operations, maintenance, and facility management for the 150-bed mental health and addiction treatment facility.
- The facility features 19 outpatient clinics and 6 day-care rooms, providing specialized services in rehabilitation and aftercare.
