Maharat Al Injaz signs structural works contract for SMC3 hospital in Riyadh
SMC Healthcare signed a SAR 148,447,428.50 contract, excluding VAT, with Maharat Al Injaz on 27 September 2026 for foundation, construction and structural works at the planned 296-bed SMC3 Hospital in Riyadh.
Event / data period: 2026-09-27
Published: · Updated:
Specialized Medical Company (SMC Healthcare) announced on 28 September 2026 that it signed a contract on 27 September 2026 with Maharat Al Injaz Company Limited. The contract covers the foundation, construction and full structural works of the SMC3 Hospital project on the Northern Ring Road in Riyadh. Its value is SAR 148,447,428.50, excluding VAT.
The works follow the approved drawings, specifications and bill of quantities, and the contract runs for 360 calendar days from site handover. SMC3 is designed with 296 beds and 200 outpatient clinics, and the company said it will include a helipad for emergency services and the transfer of critically ill patients. The company said it will finance the project through internal resources and/or bank facilities, as required, and that no related parties are involved.
SMC Healthcare expects construction of SMC3 to be completed in the fourth quarter of 2028. It said the project’s main financial impact on its results should begin when the hospital starts operating, which it also expects in the fourth quarter of 2028.
Data
Contract figures
Contract value, duration and design capacity stated in SMC Healthcare’s Saudi Exchange announcement of 28 September 2026.
- Contract value, excluding VAT
- 148,447,428.5 SAR
- 2026-09-28 · Observed
- Contract duration from site handover
- 360 calendar days
- 2026-09-28 · Observed
- Designed hospital beds
- 296 beds
- 2026-09-28 · Target
- Designed outpatient clinics
- 200 clinics
- 2026-09-28 · Target
Methodology
The contract value is the amount stated by the company, excluding VAT. The 360-day duration counts from site handover and applies to this contract only. Beds and clinics are the hospital’s design capacity, not built or operating capacity.
Updated:
Subjects and places
Subject proposals
- Health facilitySuggested
- Subject suggested from the title or summary: hospitalwww.saudiexchange.sa ↗
- Infrastructure projectsSuggested
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- Saudi Arabia · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
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