Egypt’s Minister of Investment and International Cooperation Sahar Nasr, and Founder and President of Thumbay Group Thumbay Moideen held a meeting on Oct.27 to establish a branch of the Gulf Medical University based in the Emirati capital of Ajman.
Nasr, Minister of Higher Education and Scientific Research Khaled Abdel Ghafaar, and Moideen inked the agreement in the presence of Prime Minister Mostafa Madbouly.
Moideen said that the value of the prospective deal is LE5 billion ($281 million), and that the goal of the project is building a medical park that offers comprehensive healthcare, and provides training for young health workers.
The investor added that the Gulf Medical University adopts the latest education and training techniques in all medical branches such as the virtual patient. That is an interactive software simulating clinical processes.
The university has also partnerships with reputable universities worldwide including University of Arizona, University of Commonwealth Virginia, Medical College of Wisconsin, University of Saint Joseph, Heidelberg University, Medical University of Lublin, and Tokyo Medical University.
Moideen praised the legislative reforms undertaken by Egypt for securing a proper investment environment. On the other hand, Minister Nasr highlighted that the investment law grants incentives for investments in free and investment zones, and underdeveloped areas.
Nasr asserted that the ministry is working closely with the Ministry of Higher Education and Scientific Research to attract investments in that domain within the framework of the presidential initiative to invest in human capital, and that the ministry would ensure that licenses and paperwork finish smoothly.
Source: Egypt Today
