Attracting Foreign Investors to Build Hospitals in Mashhad

Deputy of Management and Resources Development in Mashhad University of Medical Sciences said: based on a decision at a ministerial level, a memorandum of understanding has been signed between an Italian company and chancellor of Mashhad University of Medical Sciences according to which Italian investors will build a one-thousand bed hospital in Mashhad.

Dr. Bahraini stated: this hospital will be constructed based on a memorandum of understanding between Mashhad University of Medical Sciences and Pessina Company of Italy toward expanding health and medical services, tourism therapy industry, making use of foreign investment, fully realization of the potential of native staff in Mashhad and using standard high quality Iranian goods, As reported by WedDa.

David Mangi, Technical Manager of Pessina Company, in an interview with WebDa (Mashhad University of Medical Sciences) about the reason for choosing Mashhad for investment stated: after negotiating with the Ministry of Health and investigating the conditions in Mashhad, we reached the conclusion that the presence of the Holy Shrine of Imam Reza and providing native and foreign pilgrims with health care services and motivation from the side of the university officials have created a good opportunity for investment in hospital building.

He noted: the hospital is going to be built with one-thousand beds and the expenses have been estimated to be 300 million dollars 85 percent of which will be paid by Italian banks willing to invest in Iran.

Referring to the fact that after administrative procedures are done, the construction of the hospital will begin by the next 9 months, this Italian investor added: the hospital will be built based on a 20-year perspective, and in addition to medical and surgery departments, hotels and shopping centers will also be constructed.

David Mangi insisted: to build this hospital, local work force will be employed, and all its construction stages will be gone through under the permition of the World Energy Organization and by considering the level of pollution and transportation. 

Answering the question: “How do you evaluate medical structures in Mashhad?” he stated: according to my visit from the new hospital Kudakan Akbar, 540-bed and the new pharmaceutical university, I did not observe any difference between Iran and Italy in this regard, and I was actually surprised by the expertise of managers and contractors in Mashhad.

About the background of Pessina Company, David Mangi also stated that the company was founded in 1954 and has worked in health and treatment equipment area in other countries such as the CIS ones.

He pointed out that regarding the honorable background of cooperation between Iran and Italy, we and other Italian companies are honored to cooperate with Iran and are going to try the chance of our presence in medical construction in this country.

It should be noted that the Commonwealth of Independent States (CIS) includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan