Exhibition
The healthcare sector in the Arabian Gulf will continue to enjoy high growth in 2010, despite the global slowdown. Growth will be driven by government investment in infrastructure improvement, according to leading industry observers.
Per capita health care spending in the Gulf Co-operation Council (GCC) countries is expected to continue growing faster than the global average, according to a recent report from Alpen Capital.
The report states that growth in income levels as well as an increase in health insurance coverage will boost demand for health care services. The report adds that per capita health care requirements and spending will increase as the GCC population ages and the disease mix changes.
The Alpen Capital report forecasts the GCC may need in excess of 25,000 additional beds by 2020 to address growing demand for in-patient treatments. The largest share of demand is accounted for by Saudi Arabia followed by the UAE.
Currently there are a total of 132 hospital projects underway with a combined construction value of US$17,917m. The three largest projects currently under development are Education City Development - Sidra Medical & Research Centre, Doha, Qatar (US$ 2,300 Million), KMPW - Jaber Al Ahmed Al Sabah Hospital (South Surra Hospital), Surra, Kuwait(US$ 1,200 Million) and 2000 Health Clinics - Master Plan - Saudi Arabia (US$ 1,000 Million)
|
Construction value of projects by country (US$ million) |
| Country |
Construction Value (US$M) |
| Bahrain |
130 |
| Jordan |
200 |
| Kuwait |
1904 |
| Morocco |
100 |
| Oman |
330 |
| Qatar |
2940 |
| Saudi Arabia |
8133 |
| United Arab Emirates |
4180 |
| Grand Total |
17,917 | |
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