Estithmar Holding signs 15-year contract for management and operation of Misurata Hospital for Cardiovascular Disease and Surgery in Libya

Doha, Qatar: Estithmar Holding signs a contract to manage and operate Misurata Hospital for Cardiovascular Disease and Surgery in collaboration with t...

Doha, Qatar: Estithmar Holding signs a contract to manage and operate Misurata Hospital for Cardiovascular Disease and Surgery in collaboration with the Department of Support and Development of Medical Services of the Libyan Government of National Unity.

The contract stipulates the handover of the hospital's management and operation to Elegancia Healthcare LIBQ Services W.L.L., a subsidiary of Estithmar Holding, for a period of 15 years starting from February 2025. The agreement aims to elevate healthcare standards and improve access to specialized treatment services for Libyan citizens. Additionally, it includes the training of Libyan medical and administrative staff, fostering local capacity building and contributing to the development of Libya’s healthcare system.

The contract was signed by Eng. Mohamed Bin Badr Al-Sadah, Group CEO of Estithmar Holding, and Dr. Ahmad Salem Ahmad, Head of the Department of Support and Development of Medical Services, an authority under the Libyan Government of National Unity, during an official ceremony held in Doha. The event was attended by Ambassador of Qatar to Libya, HE Khalid Mohammed Al Dosari; Ambassador of Libya to Qatar, HE Mohamed Al-Lafi; the Chairman of Estithmar Holding, Moutaz Al-Khayyat; the Vice Chairman and President of Estithmar Holding, Ramez Al-Khayyat; and members of Estithmar Holding’s Executive Team.

Eng. Mohammed bin Bader Al-Sada, Group CEO of Estithmar Holding, emphasized the significance of this partnership, stating: "This contract marks a pivotal step in our journey towards international expansion in the healthcare sector. It reflects our commitment to delivering world-class quality services through innovative and sustainable projects that aim to enhance medical services for Libyan citizens, localize the sector in Libya, and develop human capabilities and work methodologies." He further added:"Libya presents an attractive environment for investment due to its promising potential. This motivates us to contribute actively to the development of our business there, ultimately enhancing the investment value for our shareholders."