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GVC supports the expansion of Egyptian private healthcare provider Dokki Scan

Investor
Dokki Scan Radiology Centre
Location
Giza Governorate, Egypt
Investment
Energy efficient MRI, x-ray, and ultrasound units
Investment Size
US$ 1,177,700
Financial results
Payback of 5.5 years
Energy savings
40 MWh/year
CO2 savings
19 tCO2eq
Impact
Climate mitigation
Donor
EU, GCF, EBRD SSF

A new range of diagnostic equipment will be available to Dokki Scan radiology centre with support from the EBRD’s Green Value Chain financing facility.

The loan financed investments in a modern MRI unit replacing an older unit. The new unit is characterised by advanced diagnostic quality and lower power consumption. The loan also financed investments in new ultrasound and x-ray units which will enable the centre to improve its service quality services and diagnostics for outpatients.

Improving such diagnostic capabilities supports Dokki Scan’s critical role in addressing healthcare issues in the country resulting from the coronavirus pandemic. The centre will be able to offer faster and higher quality diagnostic services.

Dokki Scan Radiology Centre is a private medical diagnostic imaging centre and an SME. Established in 1995, the centre provides medical imaging and radiology diagnostic services to patients in Cairo, using different imaging technologies such as MRI, X-Ray, Ultrasound, CT, etc.

Aiming to expand and improve the quality of its service and reduce operational costs, Dokki scan invested in a number of high-performance technologies that would also allow it to meet the increasing demand for its service.

The centre replaced an old MRI unit with a new one of modern technology and lower energy consumption. The new unit provides a shorter scan time, compared to the old one, which will decrease the patient’s discomfort of spending a longer time in the scannerand decrease the waiting time for other patients. The new unit also requires fewer operational hours, and hence will reduce Dokki Scan’s electricity bills.

Furthermore, Dokki scan replaced several x-ray and ultrasound units with new ones of a modern technology. The new equipment provides better imaging quality and more precise diagnostic scans. It also enables  instant imaging preview, and quick full imaging output, hence reducing patient waiting time up to 30%.

By investing in high-performance technologies, Dokki scan is able to improve its competitiveness and profitability while providing improved medical services to an increasing number of patients.

The GVC/VC facility is providing financing for Dokki scan’s investment, and the Project team provided technical assistance in the selection of new technologies that would support the company’s objectives of improving quality and operational efficiency and hence the centre’s competitiveness. The investment incentive provided under the GVC facility has encouraged the company to invest in best-in-class technology.

The investment of US$ 1,177,700 allows the centre to achieve its growth plans, reduce 32% of the MRI energy consumption per year and reduce GHG emissions by 19 tCO2eq/year.

Egypt Green Value Chain Financing Facility was developed by the European Bank for Reconstruction and Development (EBRD) and is financially supported by the Green Climate Fund (GCF), the European Union (EU) and the EBRD Shareholder Special Fund (SSF).

The Sub-borrowers receive an investment incentive for successful project implementation, provided by a grant from the EU.