Saudi-Jordanian Investment Fund invests $400 mln in medical facility in Jordan

Signing the agreement

The Saudi-Jordanian Investment Fund (SJIF), which is affiliated to the Public Investment Fund (PIF), signed an agreement with Jordan to invest nearly $400 million in a healthcare facility in the country.
 

The project aims to transfer global knowledge to Jordan and improve the quality of healthcare and medical education in the country, according to Almamlaka.
 

The project, which is based on the build–operate–transfer (BOT) system, aims to establish a university hospital with a capacity of 300 beds, 60 outpatient clinics, specialized children’s hospital, emergency care and a medical university with a capacity of 600 seats.
 

SJIF said in a statement that the project’s construction work will start after completing the initial engineering designs, which are expected to be ready during the second half of this year.
 

The Amman-based fund was established in 2017 as a public shareholding company. PIF holds 92% of SJIF, while Jordanian banks own the remaining 8%.