Tourism
Healthcare Infrastructure • Medical Tourism • Integrated Developments
Location: Ain El Sokhna, Egypt
Project Year: 1993
Indicative Financing: Partial financing of USD 8 million
Disclosure: This case study describes an advisory engagement. Al Taiff acted in a financial advisory and coordination capacity and did not act as a lender, contractor, arranger in a regulated capacity, or guarantor. All figures are indicative and subject to third-party approvals, documentation, and applicable regulations.
The Situation
In 1993, Al Taiff pioneered one of the region’s earliest medical tourism developments through the establishment of a Healthcare & Tourism Village in Ain El Sokhna, Egypt. At the time, the concept of integrating healthcare services with tourism and hospitality was largely unexplored in the region.
The project aimed to combine medical services, wellness facilities, and hospitality infrastructure into a single integrated destination, introducing a forward-looking model for medical tourism long before it emerged as a global trend.
Advisory Scope
Al Taiff provided financial advisory and coordination support, including:
- Delivery of a comprehensive feasibility study assessing demand, service integration, and long-term sustainability
- Advisory support in structuring partial project financing amounting to USD 8 million, subject to applicable approvals
- Coordination support for procurement planning and execution of essential healthcare, hospitality, and supporting facilities
Outcome
The project became a benchmark for integrating healthcare and tourism within a single development, demonstrating a pioneering approach to medical tourism in the region. The Healthcare & Tourism Village showcased Al Taiff’s early capability to innovate, structure, and support projects in emerging sectors ahead of market adoption.
Tourism Village Development
Indicative Project Size: USD 20–25 million
Indicative Financing Structure: Approximately 60% financing (subject to approvals)
Disclosure:
This case study describes an advisory engagement. Al Taiff acted in a financial advisory and coordination capacity and did not act as a lender, contractor, arranger in a regulated capacity, or guarantor. All figures are indicative and subject to third-party approvals, documentation, and applicable regulations.
The Situation
Tourism projects play a critical role in building communities and supporting local economies. A developer planned to establish a tourism village designed to attract visitors and create a sustainable tourism destination. While the concept was clear, access to suitable financing represented the primary challenge to moving the project forward.
Advisory Scope
Al Taiff provided financial advisory and coordination support, including:
- Delivery of a feasibility study assessing market demand, revenue sustainability, and economic impact.
- Advisory support in structuring approximately 60% project financing within a total project size of USD 20–25 million, subject to third-party approvals
- Coordination support for delivery planning of infrastructure and tourism facilities to align execution with financing milestones
Outcome
The project developed into a thriving tourism hub that generated sustainable revenues and contributed to strengthening local communities and regional economic activity.