The government is handing over management of King Faisal Hospital into private hands in a bid to raise standards and entrench its position as a leading referral hospital.
“The provision of world class health care to all Rwandans is a priority for the Government of Rwanda. Such private initiatives and investments to transform King Faisal Hospital into a multi-speciality regional referral hospital provide great economic value.” Francis Gatare, the Chief Executive Officer of the Rwanda Development Board said.
A Concession Agreement has been signed with Oshen Healthcare Rwanda Limited to upgrade, finance, develop, operate and maintain King Faisal Hospital and turn it into a multi-speciality regional referral hospital.
Oshen Healthcare Rwanda Limited is wholly owned by Oshen Group SA.
Oshen will invest euro 21 million (nearly $24 million) for the first five years. The overall objective of the agreements is to grant permission to the investor to be able to operate in Rwanda and to document the main roles and responsibilities of both the investor and the government to ensure King Faisal Hospital is able to operate as a regional referral hospital that has several specialities.
Finance minister, Amb. Claver Gatete said, “This investment comes at a time when Rwanda’s ambition to become a medical hub for the region. It is through right investments that the hospital can provide excellent medical services thus expanding its catchment area.”
The concession is based on performance indicators such as introduction of new procedures, equipment and latest technologies, improve management structure and offer training to local professional in medicine and nursing as well as keep the hospital accredited to international standards.