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MIDAR to seal €500m-600m healthcare investment with Gruppo GKSD by year-end
MIDAR for Investment and Urban Development, master developer of integrated mega cities in New Cairo, has signed a memorandum of understanding with Gruppo GKSD Italy to establish a landmark medical, educational, and research complex within its Mada project in East Cairo. The development will be executed in partnership with GKSD Investment Group, with Hospital Healthcare Holdings serving as the specialized medical and operational partner. The project is intended to deliver specialized medical services previously unavailable in Egypt, reducing the need for patients to seek treatment abroad. Elkousy emphasized its role as a “medical and investment link” connecting Europe, Egypt, and wider African markets. Kamel Ghribi, Chairperson of Gruppo GKSD, reaffirmed the group’s strategic commitment to Egypt, describing the country as a pivotal hub for healthcare innovation in the region.
Source: Daily News Egypt April 05, 2026 16:52 UTC
