GCC health sector predicted to reach US$44 billion by 2015
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Sun May 13, 2012 8:50 pm

UAE. The UAE’s health sector has received a resounding vote of confidence, following analysts’ forecast that the industry will flourish from its current US$ 3.2 billion and boom to a mammoth US$11.9 billion (AED 43.7 billion) by 2015.

This phenomenal growth will be driven by long-term investments, which is typified by the investment in Saudi German Hospital-Dubai. The hospital’s parent entity, the Saudi German Hospitals Group demonstrated its commitment to the long-term vitality of the UAE’s health fraternity, and the hospital’s instant success stories have promptly vindicated this decision.

A recent study has shown that the health sector in GCC countries is estimated to expand at 11% annually, which augurs well for the prospects of the Saudi German Hospitals Group’s regional operations.

Dr Mohaymen Abdelghany, CEO of Saudi German Hospital-Dubai, reacted positively to the analysts’ projections: “This forecast gives us every reason to be very optimistic about our prospects in the short, medium and long term. Considering that the GCC’s health sector is predicted to skyrocket to AED161 billion by 2015 (US$43.9 billion), this will entice more top notch specialists to the UAE, which in turn will augment the eminently qualified medical practitioners who have been doing such a stellar job at Saudi German Hospital-Dubai.”

In another related study, the UAE and Saudi Arabia have been adjudged to be the region’s fastest growing health hubs. The demand for hospital beds will swell to 93,992 by 2015, and Saudi German Hospital-Dubai’s spacious premises have abundant capacity to keep pace with this demand.

As proof that the UAE can hold its own position against the world’s finest health sectors, Saudi German Hospital-Dubai has attracted some of the most highly-regarded European specialists. Its arsenal of next-generation equipment and amenities is on a par with – and sometimes even higher than – its counterparts in the USA and Europe.

By receiving this clean bill of health, it is envisioned that massive investments such as the one at Saudi German Hospital-Dubai will lure even heavier spending, which will stimulate growth and ultimately benefit the patients, employees, institutions and the UAE as a whole.
 

About the Saudi German Hospitals Group
The Saudi German Hospitals Group is considered the largest collections of private medical care in the Middle East and North Africa.  The first hospital in the group which is owned by the Batterjee family was established in Jeddah in 1998 to be the first of the leading medical network in which the group has expanded across the Middle East and North Africa.

Through its vision based on the precious Quran verse "Who revived it as if he saved all mankind," the group aims to raise the level of medical services provided to patients in various parts of the Arab world. The group has provided many new surgical methods for the first time in the Middle East and is still a leader in these developments. This is in addition to providing various activities and social services to care for and educate citizens.

Saudi German Hospitals Group - Dubai, is the new flagship hospital for the Middle East and Africa which is now open to bring contemporary German healthcare standards to the door step of the local community. It is the main central hub with a large new and ultramodern infrastructure. SGH-Dubai is a 300 beds hospital, in Al Barsha 3 District (New Dubai) with land measuring 100,000 sq. meters allocated. It is a hospital equipped with most modern amenities.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
date:Posted: October 29, 2014
UAE. Significant increase in inflows of private capital into UAE in 2014; UAE seen as hub between Africa and Asia; Political stability remains a major factor driving flows; UAE clear winner in the region, as other GCC countries see net outflows of private capital.
date:Posted: October 28, 2014
INTERNATIONAL. Foreign policy is what a president wishes would happen; foreign affairs are what actually happen; the problem that Obama has, which has crippled his foreign policy, is that his principles have not been defined with enough rigor to provide definitive guidance in a crisis.
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
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