Building new hospitals in Angola
Financing the construction of three new hospitals in Angola
We provided a €222 million loan for the construction of three new hospitals in Angola, with a total capacity of 400 beds. The hospitals – which are being built in Cabinda, Luena and Huambo – represent the first projects implemented by Vamed Health Projects Italy, an Italian company active in the design, construction and supply of systems and medical equipment for turnkey hospital projects, as well as staff training, commissioning and start-up of the facilities. They primarily use Italian sub suppliers.
Vamed Health Projects Italy was founded in 2017 in Florence, and is part of the Vamed Group which is active in the hospital sector across Europe, Asia, Africa, the Middle East, and Latin America, with branches in 40 countries. This project was a partnership between UniCredit, SACE and SIMEST.
UniCredit’s loan for these projects is fully in line with the Bank’s activities in supporting Italian businesses engaged overseas. Considering, in addition, that the projects aim to improve the healthcare offering serving densely populated and developing geographic areas, there is full consistency with our UniCredit Unlocked plan, oriented to provide customers with suitable tools and to support investment projects with a positive social impact."
Global Head of Structured Trade & Export Finance