International Hospitals Group wins three hospital contracts in Oman

By Daniel Brightmore
UK Export Finance (UKEF) is supporting the financing of contracts between UK firm, International Hospitals Group (IHG), and Oman’s Ministry of Health...

UK Export Finance (UKEF) is supporting the financing of contracts between UK firm, International Hospitals Group (IHG), and Oman’s Ministry of Health.

IHG has won the contract for the construction of the Salalah, Suwaiq and Khasab hospitals, backed by over £500mn worth of funding from UKEF.

The three hospitals will provide intensive care, emergency services and specialist baby care. IHG will draw on world-renowned expertise and equipment from the UK supply chain for all three projects.

IHG has its UK headquarters in Denham, Buckinghamshire and partners with the University of Cambridge, the United Nations and the World Bank to provide health care projects all over the world.

UKEF has provided support to help win these major contracts in Oman, and provided a loan, repayable on a commercial basis.

The new projects will support jobs in the UK throughout the duration of the build, by drawing heavily on the expertise of the UK supply chain, including the supply of specialist knowledge and medical equipment.

International Trade Secretary, Liz Truss, commented: “The size of this contract demonstrates the appetite for the UK’s world leading healthcare expertise across the globe. I am delighted UK Export Finance is supporting the construction of these three hospitals which will not only improve healthcare provision in Oman but will also expand IHG’s overseas business.”

IHG will provide a full design, construction and services package for all three hospitals. Work will also include the construction of emergency power systems, maintenance facilities, roads and other associated infrastructure.

SEE ALSO:

Skanska to build UNC Hospitals Surgical Tower in North Carolina

CPB Contractors wins two Australian hospital projects worth $544mn

Ofwat pledges £13bn for infrastructure investment in the UK

Read the latest issue of Construction Global here

An International Hospitals Group spokesperson said: “International Hospitals Group is most grateful that UK Export Finance is supporting the development of these three hospitals, which will enhance the provision of healthcare services in the Sultanate of Oman.”

UK Export Finance is the UK’s export credit agency and a government department, working alongside the Department for International Trade as an integral part of its strategy and operations.

It exists to ensure that no viable UK export lacks for finance or insurance from the private market. It provides finance and insurance to help exporters win, fulfil and ensure they get paid for export contracts.

Sectors in which UKEF has supported exports include: infrastructure, aerospace, healthcare, telecommunications, transport and industrial development.

Share

Featured Articles

Jeddah Corniche Circuit undergoes changes ahead of F1 return

Changes have been made in cooperation with Tilke GmbH, following consultation with F1, FIA, and drivers, for a smoother, safer, and more exciting race

India’s L&T closes US$107m sustainability loan from SMBC

SMBC appointed as sole Sustainability Coordinator and Lender for three-year sustainability-linked loan

SEVEN to invest US$13bn in KSA entertainment destinations

PIF subsidiary to develop 21 integrated entertainment destinations with more than 150 attractions, across 14 cities in Saudi Arabia

Foster+Partners to design new Riyadh mega-airport masterplan

Construction Projects

EU to fund key energy and infrastructure projects in Africa

Built Environment

teamLab Phenomena Abu Dhabi reaches 25% construction mark

Technology & AI