Alburouj Medical District progress

The first phase of the $110 million Alburouj Medical District project, between Suez and Ismailia has been launched.

Redcon Medical Parks, a newly founded provider for healthcare real estate development services and a subsidiary of Redcon Development, has launched its first project, in cooperation with Capital Group Properties (CGP).

Redcon’s gated healthcare facility is situated in CGP’s Alburouj community and surrounded by highly populated communities El Shorouk, Obour City, Oraby, 10th of Ramadan, Stella and New Heliopolis.

The first building will accommodate independent clinics, a pharmacy, lab, diagnostic centre, gym, wellness centre, restaurants and coffee shops. Three further buildings will include a hospital. health centres and more clinics. The first phase will be completed by 2020 and the whole project operational by 2023 with 100 clinics.

The Medical District project is funded by RMP and a number of other sources, including clinics sales and loans. It is also seeking national and international healthcare investors. As well as offering care for locals it seeks to attract medical tourists.