Estithmar Holding has recently signed a groundbreaking 15-year contract with the Libyan Government’s Department of Support and Development of Medical Services to manage and operate Misurata Hospital for Cardiovascular Disease and Surgery, beginning from February 2025. This agreement stands as a testament to the commitment of both parties to enhance healthcare standards and improve access to specialized treatments for Libyan citizens. By focusing on the training of Libyan medical and administrative personnel, the contract aims to promote local capacity building, thereby contributing to the overall development of Libya’s healthcare system.
The Partnership Agreement
Signing Ceremony and Key Attendees
The formal signing ceremony of this monumental agreement took place in Doha, officiated by Eng. Mohamed Bin Badr Al-Sadah, the Group CEO of Estithmar Holding, and Dr. Ahmad Salem Ahmad, the Head of the Department of Support and Development of Medical Services. This momentous event was witnessed by several prominent figures, including the ambassadors of Qatar and Libya, along with members of Estithmar Holding’s executive team.
Eng. Al-Sadah, during his speech, elaborated on the significance of this partnership, pinpointing it as an important step in Estithmar’s international expansion in the healthcare sector. He affirmed the company’s unwavering commitment to delivering high-quality services through innovative and sustainable projects aimed at improving medical services for Libyan citizens. Al-Sadah also highlighted the strategic importance of investing in Libya, given its potential, expressing optimism that these ventures would offer considerable benefits to shareholders.
Dr. Ahmad reciprocated these sentiments, emphasizing the vital role of this agreement in fortifying Libya’s healthcare sector. He expressed his gratitude towards Estithmar Holding, a leading Qatari company, and reiterated the Libyan Government’s dedication to elevating local healthcare services. The goal is to diminish the necessity for citizens to travel abroad for medical treatments. This partnership specifically targets the provision of exceptional healthcare within Libya, particularly focusing on complex cardiovascular and vascular surgeries, while also aiming to foster the development of the medical and administrative workforce.
Estithmar Holding’s Expanding Portfolio
Extensive Experience in Hospital Management
Estithmar Holding brings to the table a wealth of experience in hospital management and operational expertise, managing a vast array of healthcare facilities. Among its notable projects are The View Hospital in Qatar, the Korean Medical Center in Darb Lusail, and the Algerian-Qatari-German Hospital. Additionally, the company holds management responsibilities for hospitals in Iraq and has signed pivotal agreements with the health ministries of Uzbekistan and Kazakhstan.
This extensive portfolio underscores Estithmar Holding’s capability and readiness to support Libya’s healthcare infrastructure development, ensuring the delivery of high-standard medical services. The company’s history reflects a consistent trajectory of driving significant improvements within the healthcare facilities it manages. These improvements are often achieved through innovative approaches and a commitment to localizing and enhancing human capabilities within the healthcare sector.
Continuing this tradition, the new contract with the Libyan Government sets a clear path towards enhancing Libya’s healthcare landscape. With a focus on complex cardiovascular and vascular surgeries, Estithmar aims to establish Misurata Hospital as a center of excellence. The planned training initiatives for Libyan medical and administrative staff will not only fortify local expertise but also ensure the sustainability of high-standard healthcare services in the region.
Future Prospects and Potential Impact
Estithmar Holding has recently entered into a significant 15-year agreement with the Libyan Government’s Department of Support and Development of Medical Services. The contract, set to start in February 2025, grants Estithmar the responsibility of managing and operating Misurata Hospital for Cardiovascular Disease and Surgery. This collaboration signifies a strong commitment between the two parties to elevate healthcare standards and broaden access to specialized medical treatments for the Libyan population. An essential component of the agreement is the focus on training local Libyan medical and administrative staff, which will enhance local expertise and skills. This initiative is expected to play a crucial role in the broader development and sustainability of Libya’s healthcare infrastructure, fostering self-sufficiency and excellence in medical services. The partnership underscores a strategic effort to empower the Libyan healthcare system and ensure long-term improvements in medical care for the country’s citizens.
