SR 169 MILLION DEAL BETWEEN CARE AND KING SAUD UNIVERSITY
Jeddah, August 2012: CARE RTKL, a subsidiary of Healthcare Development Holding Company, has signed a contract with King Saud University to equip the university’s dentistry hospital. The deal is worth SR 169 million and CARE will be implementing the project within 240 days.
The signing took place Monday 30 July, 2012 at the Ministry of Higher Education headquarters in Jeddah. The signatories were Dr. Khalid bin Mohammed Al Angary, the Minister of Higher Education and Chairman of King Saud University, and Dr. Wael Kaawach M.D MBA, CEO of Healthcare Development Holding company (HDH).
Dr. Wael Kaawach expressed his happiness at the partnership with King Saud University, saying: “There is no doubt that King Saud University is one of the largest and most prestigious universities in the Kingdom and the Arab world, and its success has made it one of the best universities in the entire world. The university’s new dental hospital is an important addition to medical education in the Kingdom, and we are proud to have been chosen equip it with the latest medical equipment.”
Also commenting on the contract, Dr. Eli Abo Chdid, the Executive Director of CARE, stated: “CARE specializes in implementing projects to equip and prepare hospitals and medical colleges, without any bias to a specific company or brand, keeping in mind that we represent the project owners and make their best interests our main priority.”
CARE is one of Healthcare Development Holding Company’s subsidiaries and specializes in improving and developing the infrastructure of medical services in the kingdom through a series of local and international partnerships.