Baghdad: Apex Health, a subsidiary of Estithmar Holding and a leading healthcare provider in the Middle East and North Africa, announces that it has obtained an Investment License from the National Investment Commission in Iraq to develop a comprehensive private hospital with 400 beds in the Al Zaafaraniyah district (formerly Al-Rashid Camp) of Baghdad, the Iraqi capital.

According to Qatar News Agency, a statement from the company available on Qatar Stock Exchange’s website said that the project will be named Baghdad International Hospital, marking a stepchange in the level of healthcare in Iraq.

The new Baghdad International Hospital will be developed as one of Iraq’s foremost modern medical facilities on a 100,000-square-meter site in the Al-Zaafaraniyah district. It will be designed to capitalize on its riverside outlook over the Tigris, with the location and architecture enhancing the patient care experience. It will feature 400 beds, 16 ICU beds, 12 operating rooms, and 80 outpatient clinics, including an Emergency Department. The facility will be capable of accommodating more than 600,000 outpatient visits annually, in addition to over 100,000 inpatient admissions per year.

Commenting on the announcement, Estithmar Holding CEO Juan Leon said that “this step reflects Estithmar Holding’s proven international growth strategy which was validated by our recent strong financial results and is designed to deliver greater value to our shareholders.”