Saleh: Sustainable infrastructure needs to be anchored on healthcare, education
The Group CEO of Metro Capital Advisory, Farouk Saleh says sustainable infrastructure Development needs to be anchored on healthcare, education, and other key services sector that add value. Speaking with CNBC Africa, he notes driving investments into the establishment of a 1,500 medical bed city in Abuja, Nigeria is a focal point in Nigeria’s health services trajectory.
Fri, 01 Dec 2023 12:11:15 GMT
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AI Generated Summary
- The importance of sustainable infrastructure development anchored on key services like healthcare and education was underscored at the African Investment Forum.
- A major initiative in Abuja, Nigeria, involves the development of a 1,500-bed medical city to revolutionize healthcare services and position Nigeria as a global healthcare player.
- Positive feedback and interest from financial institutions and developmental institutes indicate a strong appetite for investing in Africa and supporting large-scale infrastructure projects.
The African Investment Forum recently concluded with a focus on sustainable infrastructure development anchored on key services such as healthcare and education. Farouk Saleh, the Group CEO of Metro Capital Advisory, shared insights on the importance of investing in projects that add value to the community and attract investors to the region. Saleh highlighted a major initiative in Abuja, Nigeria, where a 1,500-bed medical city is being developed to revolutionize healthcare services and position Nigeria as a global player in the industry.
Saleh emphasized the critical role that the forum plays in bringing together stakeholders with a genuine interest in African investment. He noted that the event serves as a platform for signing deals and closing transactions, setting the stage for the immediate commencement of successful projects. The focus on sustainable infrastructure development underscores the need to create long-term value for the country while driving tourism and attracting capital injection from investors.
The project in Abuja aims to address the healthcare needs of the Nigerian population by eliminating the need for medical travel abroad. By building a world-class medical city, the project seeks to not only enhance local healthcare services but also position Nigeria as a competitive player in the global arena. Additionally, the development includes plans for an exhibition and convention center to attract further investment and promote economic growth.
The feedback received on the project has been positive, with interest from major banks and developmental institutes to partner in the initiative. Saleh expressed confidence in the influx of capital investment in the project following the forum, highlighting the strong appetite for investing in Africa. He reiterated the significance of unlocking African opportunities and showcasing the continent's potential for large-scale infrastructure projects.
Reflecting on the discussions and transactions at the forum, Saleh emphasized the continued passion and enthusiasm for investment in Africa. The theme of unlocking African opportunities resonated throughout the event, with participants acknowledging the groundbreaking nature of the projects being conceptualized on the continent. Saleh underscored the proactive approach taken with the Abuja project, noting that it has already commenced, moving from concept to implementation.
As the project progresses, Saleh stressed the importance of collaboration and the need for more stakeholders to join in the development efforts. The notable interest generated at the forum bodes well for the future of sustainable infrastructure projects in Africa, indicating a growing momentum towards impactful investments in key sectors like healthcare and education.
In conclusion, the African Investment Forum serves as a catalyst for driving sustainable development initiatives that add value to communities and attract investors to the region. The Abuja project stands as a testament to the transformative potential of strategic investments in healthcare and education, signaling a new era of infrastructure development in Nigeria and across the continent.