en.Wedoany.com Reported - China Zhejiang Construction Investment Group Co., Ltd. (Zhejiang Construction Investment, 002761.SZ) announced on June 15, 2026, that its subsidiary, Zhejiang Construction International (Saudi Arabia) Co., Ltd., recently received a confirmation letter from the owner, successfully winning the bid for the Prince Mohammed bin Fahd University Specialist Hospital (PMFSH) project, with a bid price of approximately 1.8 billion yuan and a total construction period of 1,095 calendar days. The project is located in Khobar, Eastern Province, Saudi Arabia, with the owner being Prince Mohammed bin Fahd University (PMU). The project has a designed scale of approximately 59,000 square meters, with a planned capacity of about 120 beds, positioned as a regional teaching hospital and outpatient center serving the university's medical college, undertaking multiple functions such as medical education, clinical training, and regional medical services.
Zhejiang Construction Investment is a provincial state-owned listed construction enterprise group in Zhejiang, with core businesses including construction, engineering design, and professional operation services. According to the company's 2025 annual report, the full-year operating revenue was 81.108 billion yuan, of which overseas revenue was 3.376 billion yuan, accounting for 8.41% of total revenue. Zhejiang Construction International is the core platform for Zhejiang Construction Investment's overseas business, with its predecessor traceable to the Foreign Aid Office of Zhejiang Provincial Construction Industry Bureau. It completed its renaming and unveiling in 2024, and its current key markets include the North African market centered on Algeria, the Southeast Asian market centered on Thailand, and the Middle Eastern market centered on Saudi Arabia and the United Arab Emirates. Prior to winning this hospital project, Zhejiang Construction International Saudi Company had participated in prefabricated component production projects related to ROSHN Real Estate under the Saudi Public Investment Fund, accumulating localized construction capabilities and experience in Saudi Arabia.
Hospital construction involves multiple specialized fields such as medical circulation, electromechanical systems, clean areas, and smart hospitals, with equipment interface coordination and delivery standards higher than those of general public building projects. This project represents an important step for Zhejiang Construction Investment in extending from residential and component projects to high-standard public buildings and specialized medical construction in the Middle East market. In its 2026 business plan, the company stated that it would promote overseas markets by highlighting key areas, scientifically laying out plans, and deepening country-specific operations, consolidating traditional markets, advancing the development of new country markets in Southeast Asia, the Middle East, and Central Asia, and accelerating the collective international expansion of the industrial chain. Saudi Arabia's "Vision 2030" has designated the transformation of the healthcare system as a national strategy, planning to invest over $6.5 billion in medical infrastructure and digital health upgrades. As of the announcement date, the project has not yet signed a formal contract, and the specific implementation is subject to the terms of the formal contract.
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