Business
Zambia Signs Us$2 Billion Medical City Mou as ZDA Partners with Uae Investor
Zambia has signed six Memoranda of Understanding (MoUs) with the United Arab Emirates (UAE), worth...
Picture: Zambia24
Zambia has signed six Memoranda of Understanding (MoUs) with the United Arab Emirates (UAE), worth a total of US$2.14 billion, to support investment across various sectors of the economy.
Among the agreements is a US$2 billion MoU between the Ministry of Health and DIHAD Sustainable Project Management LLC for the development of a Medical City in Lusaka’s Airport City.
The Medical City is expected to provide specialised services, including paediatric cardiac care, renal treatment, cancer treatment, research and training for health specialists.
The project is also expected to reduce the number of Zambians travelling abroad for specialised treatment and support the development of medical tourism.
Meanwhile, the Zambia Development Agency (ZDA) has signed an MoU with the Royal Group of Companies to identify and promote investment opportunities in agriculture, mining, infrastructure, housing, hospitality and water development.
The partnership is expected to support value addition, job creation and increased private sector participation.
The six agreements were signed during the Zambia-UAE Business Forum in Abu Dhabi and cover sectors including healthcare, technology, biotechnology, logistics and port-related services.
Source: Zambia24 — Read more
Also covering this story
- Diamond TV Zambia • 30 Sep 2026 Zambia Signs Us$2 Billion Medical City Mou as ZDA Partners with Uae Investor
More to read
All Business →Auditor General flags K3.56bn debts in health sector, missing Mukula logs, other financial management gaps
Zambia’s Auditor General has flagged outstanding health sector obligations of K3.56 billion, unaccounted-for confiscated Mukula logs and revenue collection weaknesses in government institutions, warning that persistent financial management gaps are depriving the state of resources needed for public services. The Auditor General’s report for the…
Disclaimer: Sensitive Content 21-Year-Old Illegal Gold Miner Dies after Pit Collapses in Mpika
A 21-year-old man has died after a gold mining pit collapsed on him at Kayelele...
Paliwal calls for closer integration of mobile money, banking to boost SME lending
Zambia needs stronger integration between mobile money services and the formal banking system to improve small and medium-sized enterprises’ (SMEs) access to credit, First Alliance Bank Managing Director, Kuldip Paliwal said. Paliwal said many businesses relied exclusively on mobile money, limiting banks’ ability to assess…