China Metallurgical Group signed a $531 million deal with the Kuwait Health Assurance Company (KHAC) to build two hospitals with a 600 bed capacity in Kuwait (see story). The hospitals will serve Kuwait’s expatriates, who constitute over 70% of the country’s population. For Kuwait natives, healthcare is free, but foreigners are required to buy insurance. Currently, the two groups share facilities, but the system is overburdened with expatriates.
