Latest news with #publicprivatepartnership
Jordan Times
4 days ago
- Health
- Jordan Times
Gov't, KBW sign JD133m deal to build Madaba hospital, digitise military medical services
AMMAN — Prime Minister Jafar Hassan on Saturday oversaw the signing of two agreements aimed at boosting Jordan's healthcare sector, in the presence of Saudi Prince Khaled Bin Alwaleed, Chairman of KBW Investments, and Chairman of the Joint Chiefs of Staff Maj. Gen. Yousef Huneiti. The first agreement, signed between the government and KBW Investments, paves the way for the construction of a new public hospital in Madaba, according to a Prime Ministry statement. The second agreement, between the Jordan Armed Forces-Arab Army (JAF) and Farah Jordan for Smart Cities, an army-affiliated company partially owned by KBW, focuses on advancing digital transformation in hospitals run by the Royal Medical Services (RMS). The agreement to establish the Madaba Government Hospital was signed by Minister of Investment Muthanna Gharaibeh, Minister of Health Firas Hawari, and KBW CEO Ahmad Sallakh. The digital services agreement was signed by Assistant Chairman of the Joint Chiefs of Staff for Planning, Organisation and Defence Resources Brig. Gen. Ammar Saraira and Sallakh, on behalf of KBW, which owns 49 per cent of Farah Jordan's shares. The two agreements represent a significant foreign investment in a vital sector, with a total value of JD133 million, marking the beginning of broader public-private partnerships in areas such as transport, infrastructure, and healthcare, the statement said. Following the signing ceremony, Hassan emphasised the importance of cooperation between the public and private sectors in enhancing the Kingdom's healthcare system. He also welcomed further investment with KBW, expressing appreciation for the company's contributions to corporate social responsibility, particularly in the education and health sectors. 'This is the first time a public hospital will be constructed in partnership with the private sector, after a delay of nearly a decade,' Hassan said. 'It is a much-needed project for the people of Madaba. The hospital, which will be fully government-run, will initially provide around 260 beds, expandable to 360. We expect citizens to benefit from its full services within three years.' Prince Alwaleed reiterated the company's long-term commitment to investing in Jordan. 'We consider Jordan our second home,' he said, noting that KBW has been operating in the country for more than 10 years and aims to expand across multiple sectors. Both projects are aligned with the Economic Modernisation Vision (EMV), particularly the pillar focused on quality of life, attracting foreign investment, and promoting digital transformation in the public sector, the statement said. The Madaba hospital project is classified as a major initiative under the Jordan Investment Fund Law and would be developed by KBW Investments and Infrastructure. It is the first partnership of its kind between the government and the private sector in the healthcare domain. The hospital would be built to the highest technical specifications, aiming to significantly improve healthcare services in Madaba and surrounding areas. The facility would consist of 13 floors, with a total built-up area of 54,000 square meters and an initial capacity of 260 beds, expandable to 360, according to the statement. It will also include eight main operating rooms, 60 outpatient clinics, 18 dialysis units, emergency care, lithotripsy and endoscopy units, intensive care, medical laboratories, catheterisation labs, and 830 parking spaces. Construction is scheduled to begin later this year, with the public-private partnership expected to reduce the original estimated timeline from seven years to just three. KBW would be responsible for construction, while the Ministry of Health will operate the hospital and provide staffing, equipment, and medical supplies. The government will begin repayments to the company after project completion, spread over a 10-year period. Hassan had announced plans for the hospital earlier this year during a Cabinet session held in Madaba in March, the statement said. As for the second agreement, the digital transformation project aims to modernise services across hospitals, health centres, warehouses, and other facilities affiliated with the RMS. The initiative would enhance inventory governance, reduce medicine and equipment waste and improve the management of medical supplies and fixed assets such as hospitals and clinics. It would also help streamline operations in labs and radiology units. The project is expected to raise the quality of care provided to citizens and patients at RMS hospitals. Cost savings generated by the digital transformation will be used to cover the agreement's expenses, the statement said. The project is expected to raise the quality of care provided to citizens and patients at RMS hospitals. Cost savings generated by the digital transformation would be used to cover the agreement's expenses. The agreement also includes training and certification of technical staff to manage the digital system and ensure high-quality data input. The final value of the agreement, estimated at around JD45 million, would be determined based on the digital services identified by a joint technical committee from RMS and other relevant departments. Founded in 2013, KBW Investments operates across a range of sectors, including energy, real estate, finance, media, engineering, and technology. It maintains a broad international presence through affiliated companies in Jordan, Saudi Arabia, the UAE, Italy, Romania, and other countries, the statement said.
Yahoo
6 days ago
- Business
- Yahoo
QUEST WATER GLOBAL ANNOUNCES STRATEGIC GOVERNMENT PARTNERSHIP
VANCOUVER, CANADA, July 24, 2025 (GLOBE NEWSWIRE) -- QUEST WATER GLOBAL, INC. (OTCID: QWTR) ("Quest" and/or the "Company"), announced today that the Company has entered into a strategic partnership agreement in the Democratic Republic of Congo ('DRC') with the National Office for Rural Hydraulics ('ONHR'), a branch of the Ministry of Rural Development ('MRD'). The agreement creates a 10-year public-private partnership between the Company and ONHR. The project governed by the agreement aims to provide affordable, clean water to 1.5 – 1.8 million people in underserved rural and peri-urban communities throughout the DRC and is expected to help the Company and its current joint venture, AQUAtap Oasis Partnership SARL, accelerate their growth in the country and drive sustainable impact. The objective of the partnership is for Quest to manufacture and install a total of 300 AQUAtap Community Water Centers over the next five years in DRC communities where infrastructure is limited or nonexistent. This initiative will take place in the provinces of Kinshasa, Kasai, Bas-Congo, Haut-Katanga, and Lualaba. The project will follow a Design-Build-Finance-Operate-Transfer model. Isaac Kalonji Jr. III, COO of Quest, stated, "We are excited to partner with the National Office for Rural Hydraulics on this important initiative. This collaboration marks a significant step forward in our commitment to advancing rural development and enhancing water accessibility in the region. We believe that this partnership will bring about positive and measurable socioeconomic benefits, drive innovation, and enhance public services." Both the Company and ONHR anticipate that the partnership will create job opportunities for DRC residents because it will involve activities such as initial site surveys, installation, system commissioning, daily operations, and maintenance. The first systems will be built in South Africa, with plans to establish a fabrication facility in Kinshasa. Quest, in partnership with CLEAN International, a non-governmental organization based in Southern California, will provide Water, Sanitation, and Hygiene (WASH) education to the communities involved. The Company is responsible for contributing US$30M to the partnership over the duration of the project to fund the 300 AQUAtap systems. ONHR is entitled to receive 40% of the revenue while Quest is entitled to receive 60% of the revenue generated from the project. ONHR will provide the necessary authorization permits for each installation, as well as administrative support and tax exemptions on the importation of Quest's technology. Additionally, ONHR will provide the installation sites and 24/7 security for the installed systems. ONHR will also conduct water quality tests to ensure compliance with local health standards. About Quest Water Global, Inc. Quest Water Global, Inc. is a socially responsible and innovative water solutions company. The Company's goal is to provide a permanent, abundant, affordable, and sustainable source of drinking water to underserved communities. To achieve its financial, social, and environmental goals, Quest utilizes an inclusive, market-driven Build-Own-Operate business model. For more information, visit the Company's website at Notice Regarding Forward-Looking Statements This press release contains forward-looking statements, as that term is defined under applicable securities laws. Statements in this press release, which are not purely historical, are forward-looking statements. These statements are only predictions and involve known and unknown risks which may cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking statements, including: negative results from the Company's operations; the effects of government regulation on the Company's business; risks associated with the Company's ability to obtain and protect rights to its intellectual property; risks and uncertainties related to the Company's ability to raise additional capital; loss of management; and other factors beyond the Company's control. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, or performance. Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors and to assess in advance the impact of such factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Readers should also refer to the risk factor disclosures and other disclosures outlined in the Company's periodic reports filed from time to time with the Securities and Exchange Commission on EDGAR at and with the British Columbia Securities Commission on SEDAR+ at CONTACTS: John Balanko, President & CEO Quest Water Global, Inc. +1 888 897 5536 info@ Jacqueline McClure, Corporate Communications Quest Water Global, Inc. jmcclure@ Source: Quest Water Global, in to access your portfolio
Zawya
6 days ago
- Business
- Zawya
CBUAE and Mercury launch strategic joint venture
Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) and Mercury have announced the formation of a strategic joint venture, Unitey Business Services, aiming at supporting the Financial Infrastructure Transformation programme (FIT) launched by the CBUAE. This joint venture will enhance the operations of the UAE's national financial market infrastructure and meet the highest standards and practices in terms of efficiency, resiliency and business continuity of the different systems and platforms. By aligning CBUAE's strategic vision with Mercury's proven expertise in payments infrastructure technology and services, the venture represents a robust public-private partnership that underscores CBUAE's commitment to preserving national sovereignty over critical financial systems. The new joint venture company was formally launched during a signing ceremony witnessed by His Excellency Khaled Mohamed Balama, Governor of the CBUAE, Mr. Muzaffar Khokhar, Executive Chairman of Mercury, and His Excellency Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE. The agreement was signed by His Excellency Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE and Mr. Muzaffer Hamid, Chief Executive Officer of Mercury. Commenting on the agreement, His Excellency Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE, said, "This joint venture reflects our ambition to build a future-focused payments infrastructure that is both innovative and resilient, and promotes financial inclusion across the UAE. Our partnership with Mercury enables us to harness global best practices and capabilities as we drive the digital transformation of the UAE's financial ecosystem.' Mr. Muzaffar Khokhar, Executive Chairman of Mercury, added, 'We are honoured to partner with the Central Bank of the UAE in this strategic venture which plays a central role in advancing the vision of CBUAE's FIT programme and highlights our mutual dedication to creating a secure, inclusive, and future-ready payments infrastructure for the nation.' About Central Bank of the UAE (CBUAE) The CBUAE is the supervisory and regulatory authority of the banking and insurance sector in the UAE. It promotes monetary and financial stability, resilience, and consumer protection through effective oversight, supporting sustainable economic growth for the nation and its people. About Mercury Mercury is a Middle East Africa focused, multifaceted payment technology infrastructure and services provider to Central Banks and National payment utilities. Headquartered in the UAE, Mercury specializes in developing and operating secure, scalable, and inclusive payment ecosystems that strengthen national payment sovereignty and support long-term digital transformation.
Bloomberg
7 days ago
- Business
- Bloomberg
Pritzker Lures Another Startup for His Chicago Quantum Campus
Illinois Governor JB Pritzker has sealed a deal to bring another company to his Chicago quantum computing campus after investments from PsiQuantum Corp. and International Business Machines Corp. Infleqtion, a Colorado-based startup which recently raised $100 million, said it will build a utility-scale quantum computer as part of a $50 million, four-year public-private partnership with Illinois, according to a statement on Wednesday. The project will be developed at the state's new quantum and microelectronics park in Chicago's South Side.
Yahoo
22-07-2025
- Business
- Yahoo
Greystar partners with University of Mississippi on modular dorm
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Property: Kincannon site, West Row site Developer: Greystar, University of Mississippi Location: Oxford, Mississippi Units: 2,700 beds (total) Cost: Withheld Charleston, South Carolina-based Greystar is tapping its modular construction pipeline to build on-campus housing for over 2,700 students at the University of Mississippi in Oxford, Mississippi. The multifamily giant is on track to open two new residence halls at Ole Miss by 2027, developed in a public-private partnership with the university. Greystar is set to collaborate with university leaders, industry experts and Mississippi-based businesses to design, build, finance, operate and maintain the site, according to the release. More than 70% of the on-site construction work will be available to local and regional subcontractors. 'By leveraging our modular construction capabilities and working closely with local partners, we're able to deliver efficient, sustainable communities that support student success while contributing to Mississippi's economy,' said Julie Skolnicki, senior managing director of university partnerships at Greystar, in the news release. The West Row site, located across from the UM School of Law, will add 1,500 beds, a new dining hall and over 1,500 parking spaces. Another 1,200 beds are slated for the former site of Kincannon Hall, a 540-bed student dorm built in 1963, closed in 2015 and demolished in 2023, according to The Daily Mississippian. A new parking garage is already under construction at the Kincannon site. Portions of the buildings will be prefabricated by Greystar's modular construction business, Modern Living Solutions, at its factory in Knox, Pennsylvania, in order to shorten construction timelines and lower costs for students, according to the release. Living options will include suites and semi-suites. Public-private partnerships for residential development are a relatively new practice in Mississippi, according to Steven Holley, vice chancellor for administration and finance at the University of Mississippi. The University of Mississippi selected the model in an effort to meet the needs of an expanding student base, modernize campus infrastructure in the long term and save university resources for other priorities, including new academic and research facilities, according to Holley. 'At the heart of our mission lies our unwavering commitment to giving students the best experience possible, which is why this project is vital to addressing one of the most important aspects of the student experience: housing,' added Glenn Boyce, chancellor of the University of Mississippi, in the release. 'This transformative partnership with Greystar will provide a unique and exceptionally efficient approach to expanding housing options on campus.'
