Egypt Real Estate Investments: Healthcare Vs Tourism
Amr M. Aboualam
Entrepreneur | Chairman | CEO | Board Member | Strategist | Business Developer | Consultant | Mentor
Egypt has hundreds of four and five stars hotels spread across it. All of them, with very few exceptions, have Management companies running them and other companies owning the real estate with limited interference in the management. In the same time in the healthcare sector, companies own and manage all the major hospitals with very few exceptions.
Separating the ownership of the real estate from the management in the healthcare sector represents huge opportunities to both sector, real estate and healthcare. This will allow big investments to flow into the two sectors and help to offer better healthcare reach and services in a Country with more than 100M inhabitants. Real Estate companies and fund are ready to invest with the healthcare management providers not only in their expansion plans, but they are ready to invest in the current assets. Investing in the current healthcare assets will avail enough funds for the healthcare management companies to spend more on the renovations and upgrades highly needed during the pandemic and after it.
It’s not only about private sector transactions, the Government is by far the top spender in the healthcare sector with the main aim of providing the healthcare service to whomever needs it from its citizens, regardless if the citizen can afford its cost or not. Releasing the locked funds in the real estate will allow the government to offer better services to more people and will stimulate real estate funds and trusts markets whom are looking for credible tenants and long-term relationships with them. The model is already applied by the government in the tourism and educational sectors, so why not try it in the healthcare?
There are big opportunities in creating synergies between the healthcare and real estate investment sectors; it is the time to work on them for the benefit of all stockholders.
LOTUS Management and Consulting
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