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    Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

    $36mln contract for construction of Duqm fisheries complex

    $36mln contract for construction of Duqm fisheries complex

    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

    Local, Italian companies partner up to establish food retail chain in Egypt

    Local, Italian companies partner up to establish food retail chain in Egypt

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      Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

      Egypt’s food industries contribute 24.5% of GDP

      Egypt’s food industries contribute 24.5% of GDP

      Profits at top Saudi banks jump 17.6% in Q1

      Profits at top Saudi banks jump 17.6% in Q1

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      New study reveals that UAE is most competitive economy in the Arab world

      New study reveals that UAE is most competitive economy in the Arab world

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      • CES 2017
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      Oman Construction Equipment Industry to 2028

      Oman Construction Equipment Industry to 2028

      $36mln contract for construction of Duqm fisheries complex

      $36mln contract for construction of Duqm fisheries complex

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      Madayn working on major Oman industrial city projects

      Madayn working on major Oman industrial city projects

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Iraq set to award new Faw Port deals

      Iraq set to award new Faw Port deals

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        Suez Canal expects US$3.5 billion in revenues in H1

        Suez Canal expects US$3.5 billion in revenues in H1

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Investments in renewables in Egypt reach LE6 bn: Official

        Investments in renewables in Egypt reach LE6 bn: Official

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        JGC lands $3.7bn Iraq refinery upgradation project deal

        JGC lands $3.7bn Iraq refinery upgradation project deal

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        • Hospitality

          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

          Qatar’s hospitality sector peaks despite turbulent 2020

          Qatar’s hospitality sector peaks despite turbulent 2020

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Staycations to stimulate Qatar’s hospitality sector

          Staycations to stimulate Qatar’s hospitality sector

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        • Agrofood
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          • Agriculture
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          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics

            Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

            Egypt’s food industries contribute 24.5% of GDP

            Egypt’s food industries contribute 24.5% of GDP

            Profits at top Saudi banks jump 17.6% in Q1

            Profits at top Saudi banks jump 17.6% in Q1

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            New study reveals that UAE is most competitive economy in the Arab world

            New study reveals that UAE is most competitive economy in the Arab world

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Trending Tags

              • Hospitality

                Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

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              GCC to spend $4.8 billion on home health care services by 2025

              The Saudi Gazette

              February 3, 2016
              in Uncategorized
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              According to the EY 'Investment Big Bets – Healthcare and Life Sciences in the GCC' report, specialized centers of excellence (CoEs), home health care services, long-term and post-acute care rehabilitation (LTPAC), biotechnology, medical disposables manufacturing and primary care services are key trends in the region's health care sector.

              Amit Zushi, Partner, EY, said: "The health care sector has been growing upwards of 10% per annum across MENA, with significant potential for growth in quality care over the next few years. Mandatory insurance has been and will continue to be a big driver, particularly in Qatar, Saudi Arabia and parts of the UAE. Equally, many GCC governments are in the middle of overhauling their public health systems, paving the way for considerable further opportunity for the private sector to fill the capacity and quality gaps. Despite investment in recent years, demand for quality care continues to outpace supply as GCC countries continue to rank among the highest in the world on risk factors related to chronic lifestyle ailments such as diabetes, hypertension, cardiovascular conditions and obesity. It is critical, now more than ever, to invest in the key areas that can accelerate the development of health care in the region. While the private sector is aiming high, the winners will focus on the right propositions, delivery models and partnerships. On the ground execution of patient-centric models will be the long-term differentiator."

              Increased demand for specialized centers of excellence (CoE) and home health care services.

              Demand for specialized centers of excellence (CoE) is growing rapidly as the burden of disease shifts from the public sector to the private sector. Most GCC public hospitals are functioning at over 80% bed capacity, which is putting pressure on the private sector and specialized clinics to service more patients. A substantial number of patients are also seeking specialized treatment abroad, so developing more CoEs locally would help meet their unique needs and reduce the need to travel overseas for treatment. Developing more CoEs would also bring in more medical tourists as well as attracting and retaining highly qualified and experienced clinical talent in the GCC.

              Home health care services are becoming an increasingly attractive investment opportunity as the aging population rises in the GCC.

              Ahmed Faiyaz, MENA Healthcare Transaction Advisory Services Leader, EY, said: "By 2020, $3.5-4.8 billion could potentially be spent on home health care services across the GCC. Significant growth is expected in the area of mobile health apps and home-based diagnostic and physiotherapy services," comments Ahmed.

              The provision of LTPAC rehabilitation services in the GCC is currently too small to meet the growing demand. In addition to the issue of limited availability of LTPAC dedicated facilities, GCC countries are facing issues with the existing locations where most LTPAC services are offered.
               
              Currently, the majority of patients who require LTPAC are cared for in an acute-care hospital occupying beds dedicated for acute cases, thus becoming bed blockers in public hospitals for extended periods of time.

              Approximately 20-30% of GCC public hospital beds are currently being occupied by LTPAC patients.

              "The current estimated bed gap for LTPAC patients in the GCC is between 2,000-2,400, with more than 50% of the capacity gap existing in Saudi Arabia. While a few GCC governments have taken steps to invest in LTPAC services, more needs to be done to establish independent operations while integrating these services into public and private hospitals," comments Ahmed.

              The GCC region has strong infrastructure in place for the creation of a sizable pharmaceutical manufacturing base. The development of dedicated biotechnology platforms and incubator programs such as Dubiotech in the UAE, Jeddah Biocity Park and Badir for biotechnology in Saudi Arabia, is creating a healthy ecosystem for biotechnology to grow.

              The GCC medical disposables sector, while growing at a very fast rate, is mainly import driven. With only 7% of total GCC medical disposables sales being contributed to by local production, and majority of medical disposables imported from Europe, there is a significant opportunity to manufacture medical disposables locally. Providing hospitals with ready-made disposable kits for different types of surgeries and medical services could help curb waste and create efficiencies in procurement.

              Traditional primary health care facilities in the GCC have not evolved quickly enough to meet the rapidly growing demand from patients for enhanced services and treatment. Technology enabled primary health care centers, such as those with advanced diagnostic capabilities for health screening, are in high demand. The proportion of spending on primary care is expected to rise significantly and technology continues to help bridge the gap between traditional health care and existing service offerings.
              The Saudi Gazette
              3 February
               

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