New government healthcare sector plan to see c17% increase in investments to EGP12.6bn in FY16/17; includes new hospitals, clinics and existing facility upgrades
The government is seeking to raise investments in the health sector to c17% Y-o-Y to EGP12.6mn in FY16/17 and will rely on the private sector and economic agencies to carry out c43% of the investments, according to a detailed healthcare agenda published in Al Borsa. The treasury is expected to finance c81% of the public portion, with the remainder expected to be financed through reserves, local government budgets and international grants. Key investments in the plan includes EGP4.5bn for 160 hospitals renovations and 43 specialised facilities, EGP450mn on intensive care units and 300 ambulances, in addition to EGP520mn for primary and basic care facilities. The plan includes the development of 15 radiology centres, neonatal units, facilities for oncology, liver diseases, paediatric care and ophthalmology. (Al Borsa, Enterprise)
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