12/05/2026
GKSD Group has signed a strategic partnership with MIDAR for Urban Development, one of Egypt’s leading development companies, backed by Banque Misr, the National Investment Bank, The Arab Contractors, National Bank of Egypt, and Misr Capital.
The agreement provides for the establishment of an integrated system across healthcare, education, and scientific research, beginning with the construction of a fully integrated medical center in New Cairo, with investments ranging from €500 million to €600 million.
The memorandum of understanding was signed at MIDAR’s headquarters in Cairo, in the presence of Kamel Ghribi, Chairman of GSD Healthcare, President of the GKSD Group, and Vice President of the San Donato Group, and MIDAR CEO Ayman El Qoussy.
For his part, Kamel Ghribi told the Egyptian channel Extra News that this partnership represents a new benchmark for excellence by combining advanced medicine, academic excellence, and Italian expertise, alongside MIDAR’s advanced infrastructure plans.
He added that the initiative aims to strengthen healthcare infrastructure and support investments in healthcare, education, and scientific research, emphasizing Egypt’s importance as a regional hub for medical services.
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