SUBSIDIARY NAME
Bagamoyo Medical City
COUNTRY
TANZANIA
SECTOR/ INDUSTRY
REAL ESTATE
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
June 1, 2022
ACQUISITION VALUATION
300 MILLION
TOTAL ASSET VALUATION
3 BILLION
REAL ESTATE
Bagamoyo Medical City by Mastatex company ltd acquire on June 1, 2022 for construction of buildings, purchase of equipments and working capital.
Our proposed project is for the setting up of a medical city that will comprise of Pharmaceutical plants, 1000 bed super specialty hospital, 100 bed mother and child hospital, medical research center, Medical training college for nurses and clinical officers, Medical university, Residential area, Amusement park and shopping malls. All this will be done in phases. To start with, we plan to set up the pharmaceutical plants. This plant will include: Nasal sprays plant, Iv fluids plant, standard generic plant, anti-cancer drugs plant, anti-diabetic drugs plant and active pharmaceutical ingredients (API) plant. This is to conform to European standards.
COUNTRY
TANZANIA
SECTOR/ INDUSTRY
HEALTH CARE
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
June 13, 2022
ACQUISITION VALUATION
300 MILLION
TOTAL ASSET VALUATION
3 BILLION
HEALTH CARE
Bagamoyo Medical city acquired on June 13, 2022.The project entails construction and equipping of: Pharmaceutical plants( IV fluids, anti-cancer drugs, anti-diabetic drugs, nasal sprays, standard generics drugs, insulin pens and Active pharmaceutical ingredients), Medical university, medical training college, medical research center, 1000 bed super specialty hospital, 100 bed mother and child hospital, shopping malls, residential area, hotel with world class golf course, industrial park and ICT park.