Italian firms ink deal to develop hospital in Oman

Oman-based Al Madina Real Estate signs agreement for public-private partnership healthcare project

Two Italian companies have signed an agreement to develop a hospital project in Oman.

Oman-based Al Madina Real Estate said in a statement that it signed a memorandum of understanding with the ICM Maltauro Group and F&M Ingegneria.

The terms of the agreement outline the cooperation between the companies in developing a multi-specialty hospital project in the sultanate.

The statement said opportunities are to be explored across Oman and a proposal will be submitted in due course. The project is expected to be developed under a public-private partnership (PPP) model.

Al Madina Real Estate’s CEO, Abdul Rahman Awadh Barham, said: “With ICM’s domain expertise in developing healthcare projects in Europe under a similar delivery model, we are confident in our ability to present a comprehensive proposal for the project in due course.

"The project is...