Company working diligently to build hospital for retirees

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KUWAIT CITY, Jan 22: The Public Institute for Social Security has made significant progress in overcoming obstacles related to the study, design, construction, and operation of the hospital for ‘retirees’. The project is managed by the Kuwait Medical City Company, established specifically for this purpose. According to a document the estimated cost for building the project is set at 55.8 million dinars.

Established in January 2012, the Kuwait Medical City Company operates under the Commercial Companies Law with a capital of 40 million dinars. The General Organization for Social Insurance owns 99.94% of the company through one of Wafra International Investment Company’s portfolios.

The document indicates that the company is working diligently to secure necessary approvals from various government agencies to initiate the establishment of the retirement hospital. Plans have been submitted to the ministries of Electricity, Water, Renewable Energy, and Public Works, as well as the Public Authority for Roads and Land Transport, to facilitate the removal of obstacles and begin infrastructure development for the hospital. The Kuwait Medical City Company was established by PIFSS to oversee the study, design, construction, and operation of the Kuwait Medical City project. The project aims to provide high-quality healthcare services for Kuwaiti retirees.

Situated in the Amghara region on an 860,000-square-meter plot (formerly a car garage headquarters removed two years ago), the medical project encompasses a hospital with 400 beds, expandable to 800 beds. The hospital features five specialized centers focusing on heart disease, respiratory system, digestive system, urinary tract, kidneys, and bones. Additional medical services include outpatient clinics, long-term care, and rehabilitation services.

The hospital will be complemented by various non-medical elements such as residential, commercial, entertainment, services, infrastructure, and green spaces. While the original completion date was set for March 31, 2026, a delay is expected, pushing the completion to the end of 2027. A recent meeting with the Ministry of Public Works highlighted the delivery of special plans for the hospital, outlining project details, water requirements, implementation plans, and necessary connection points. The Kuwait Medical City Company, in line with its establishment goals, also holds the authority to invest financial surpluses in various portfolios, as specified in its articles of incorporation and articles of association.

This news has been read 779 times!

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