Al-Mousa Healthcare, a leading healthcare provider in the Eastern Province, announced the signing of a strategic contract with BEC Arabia worth a total of SAR 657.5 million. Under this contract, announced on the Saudi Stock Exchange (Tadawul), BEC Arabia will undertake the preliminary construction work, foundation work, and concrete structure construction for the new Al-Mousa Specialist Hospital project in Al-Khobar.
Project details and initial phases
The contract spans 24 months and encompasses all tasks related to the initial phases of the project, in accordance with the approved plans and specifications. Al-Mousa Healthcare confirmed in its statement that excavation and site preparation work has been completed, paving the way for immediate commencement of the contract according to the established timeline and in line with the overall project implementation plan. The financial impact of this contract is expected to begin after the building's completion and the hospital's full operation.
A strategic context that aligns with the Kingdom's Vision 2030
This massive project comes within the context of the significant transformations taking place in the healthcare sector in the Kingdom of Saudi Arabia, as a key component of Vision 2030 and the Health Sector Transformation Program. This vision aims to enhance the role of the private sector in providing integrated, high-quality healthcare services and to raise the standard of medical care available to citizens and residents. Al-Mousa Healthcare's investment in this project represents a tangible step towards achieving these goals, contributing to increased bed capacity and the provision of specialized medical services in one of the most important cities in the Eastern Province.
The importance and expected impact of the project
Locally, the new hospital is expected to have a significant positive impact on Al-Khobar and the surrounding areas. The project will create hundreds of direct and indirect jobs during both the construction and operational phases, thus supporting the local economy. It will also improve access to advanced healthcare services for residents of the region, reducing the need to travel to other cities for treatment. Regionally, the project reinforces the Eastern Province's position as a leading healthcare hub in the Kingdom and increases competition among medical service providers, which will positively impact the quality of services provided to patients. This expansion demonstrates investor confidence in the Kingdom's economic environment and the private sector's ability to play a pivotal role in national development.
