Market information
The projects planned in the Gulf States in the hospital build industry will continue to be developed and are forecasted to be delivered on time.
Currently, there is an ongoing hospital build programme in the GCC countries worth $14 billion - in various stages of construction in a series of major public, private and jointly financed initiatives. Healthcare projects are less affected by the economic slowdown as regional governments remain committed to the growth of the healthcare infrastructure.
The Proleads database of healthcare projects shows that Saudi Arabia is in the midst of a major construction programme with a total of 83 projects ranging from the $400 million King Saud University Medical City in Riyadh to the $5 million Qatif Central Hospital expansion in the Eastern Province.
Qatar only has two projects currently underway but one alone is the region’s biggest and most ambitious – the Sidra Medical and Research Centre which forms part of Doha’s Education City development and budgeted at $2.3 billion.
In the United Arab Emirates, the biggest project currently underway is the $1.9 billion first phase of the Cleveland Clinic Al Suwwa Island development in Abu Dhabi. Second biggest is the Mohammed bin Rashid al Maktoum Academic Medical Centre in Dubai Healthcare City budgeted at $572 million.
Kuwait has a major hospital project currently under construction - the $1.2 billion Jaber Al Ahmed Al Sabah Hospital. Bahrain,meanwhile, is spending $130 million on the King Hamad General Hospital.
Secure your share of the booming healthcare market and book your stand today!