Shifa Hospital is designed, owned and will be operated solely by Omani pioneers with core focus in surgical specialties.

Bank Nizwa has signed an agreement to finance the construction of a new state-of-the-art multispecialty private hospital in the sultanate.

Shifa Hospital is designed, owned and will be operated solely by Omani pioneers with core focus in surgical specialties. The hospital is envisaged to provide in-country value by filling the gap in the country’s healthcare requirements and provide employment opportunities. Bank Nizwa, in a press statement, said that it is honoured to be associated in providing the necessary financing support to such a worthy sustainable development venture.

The financing agreement was signed by Khalid al Kayed, CEO of Bank Nizwa and Dr Salim al Ghannami, CEO of Shifa Hospital at the bank’s head office recently.

Kayed said, “Bank Nizwa has been leading the way in Islamic banking in the sultanate and we believe in investing in projects that go beyond just promising financial returns. We want to ensure they also benefit the communities. Quality healthcare is an integral building block of a thriving economy. By supporting ventures that have the same goal as Oman’s Vision 2040, we want to do our part to enhance the healthcare system in the country.”

“With thoughtful partnerships that drive not just economic returns but also play an active role in rendering its services to society, we are proud to say that our varied portfolio reflects some of the most noteworthy Islamic financing agreements in the sultanate,” Kayed added.

Dr Ghannami said, “The construction of the new private hospital will support the national socio-economic sector and uplift the healthcare system which resonates with our beliefs and principles. This will be achieved through the provision of modern and high standard medical services available at the facility.”

To be built on more than 10,000sqm land, Shifa hospital will start operating with a 100 bedded multispecialty in the first phase. It will contain nine state-of-the-art care facilities mainly focusing on surgical specialties. Shifa Hospital specialising in sports medicine is also seen as a promising option for athletes in the sultanate.