IFP Info - News
  • Agrofood
    • All
    • Agriculture
    • Environment
    • Food
    Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

    Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

    Arab states imported 1.73 million agricultural commodities from Egypt

    Arab states imported 1.73 million agricultural commodities from Egypt

    Wheat yield boom boosts Oman’s food security

    Wheat yield boom boosts Oman’s food security

    Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

    Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Trending Tags

    • Business & Economy
      • All
      • Business
      • Economy
      • Finance
      • Industry
      • Technology
      • Trade
      • Transport & Logistics
      Saudi: 53 new industrial licenses issued in April 2023

      Saudi: 53 new industrial licenses issued in April 2023

      Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

      Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

      Saudi transport authority approves 15 licensing, technical guides for railways

      Saudi transport authority approves 15 licensing, technical guides for railways

      Number of industrial decisions up by 10.56% to 356 in 2021

      Number of industrial decisions up by 10.56% to 356 in 2021

      Egypt’s macroeconomic conditions improving, says minister

      Egypt’s macroeconomic conditions improving, says minister

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Trending Tags

      • CES 2017
      • Election Results
      • eSports
    • Construction
      • All
      • Infrastructure
      • Real Estate
      Oman’s health ministry expected to award construction contract for two health centres in Q3

      Oman’s health ministry expected to award construction contract for two health centres in Q3

      Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

      Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

      Oman releases more Sultan Haitham City details

      Oman releases more Sultan Haitham City details

      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

      Trending Tags

      • Energy
        • All
        • Oil & Gas
        • Power & Electricity
        • Renewable Energy
        NEOM’s green hydrogen project is formally under execution: ACWA Power

        NEOM’s green hydrogen project is formally under execution: ACWA Power

        Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

        Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

        Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

        Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Total-led consortium to start drilling offshore Lebanon in September

        Total-led consortium to start drilling offshore Lebanon in September

        Trending Tags

        • Hospitality
          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          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

        • IFP Events
          • Event News
          • Upcoming Events
        No Result
        View All Result
        • Agrofood
          • All
          • Agriculture
          • Environment
          • Food
          Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

          Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

          Arab states imported 1.73 million agricultural commodities from Egypt

          Arab states imported 1.73 million agricultural commodities from Egypt

          Wheat yield boom boosts Oman’s food security

          Wheat yield boom boosts Oman’s food security

          Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

          Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics
            Saudi: 53 new industrial licenses issued in April 2023

            Saudi: 53 new industrial licenses issued in April 2023

            Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

            Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

            Saudi transport authority approves 15 licensing, technical guides for railways

            Saudi transport authority approves 15 licensing, technical guides for railways

            Number of industrial decisions up by 10.56% to 356 in 2021

            Number of industrial decisions up by 10.56% to 356 in 2021

            Egypt’s macroeconomic conditions improving, says minister

            Egypt’s macroeconomic conditions improving, says minister

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman’s health ministry expected to award construction contract for two health centres in Q3

            Oman’s health ministry expected to award construction contract for two health centres in Q3

            Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

            Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

            Oman releases more Sultan Haitham City details

            Oman releases more Sultan Haitham City details

            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              NEOM’s green hydrogen project is formally under execution: ACWA Power

              NEOM’s green hydrogen project is formally under execution: ACWA Power

              Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

              Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

              Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

              Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Total-led consortium to start drilling offshore Lebanon in September

              Total-led consortium to start drilling offshore Lebanon in September

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                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

              • IFP Events
                • Event News
                • Upcoming Events
              No Result
              View All Result
              IFP Info - News
              No Result
              View All Result

              Gulf healthcare expenditure to increase to $79 billion

              SG

              April 8, 2013
              in Uncategorized
              0
              Share on FacebookShare on Twitter

              Healthcare expenditure in the GCC countries is expected to swell to $79.02 billion in 2015, with public health expenditure amounting to 64 percent of the aggregate, Kuwait Financial Centre (Markaz) said in the executive summary of its GCC Healthcare report.

              The report cited top-five healthcare projects that are currently under execution in the six countries. Unlike emerging economies which have regulatory bodies that focus exclusively on the insurance industry, the GCC countries' insurance markets are regulated by either the central bank or a public authority.

              GDP per capita in the GCC has grown at a CAGR of six percent between 2000 and 2009. The highest Adolescent Fertility Rate (AFR) in the GCC in 2010 (24.7 in UAE) happens to be lower than that of UK (30), US (33), Egypt (43) and India (79).

              Alpen Capital in a separate report on GCC Healthcare Industry in December 2011 said the healthcare market in Saudi Arabia is expected to expand at a CAGR of 12.3 percent to $25.7 billion in 2015 from an estimated $14.4 billion in 2010. The growth would be mainly driven by population explosion – population in the largest of six GCC countries is likely to increase by 3 million over the next five years – and improving life expectancy.

              Life expectancy at birth levels in Saudi Arabia increased nearly 30 years from 44.9 years in 1960 to 73.6 years in 2009. The outpatient market is estimated at $22.0 billion, while the remaining would be contributed by the inpatient market.

              Given the strong demand for healthcare services, we believe the number of beds in Saudi Arabia is expected to expand at a CAGR of 2.0 percent to 63,930 in 2015 from an estimated 57,994 in 2010. The government has been aggressively implementing policies to build infrastructure and enhance private sector participation due to rising demand for healthcare services.
              The key drivers of demand for healthcare in the GCC are population trends, high growth in GDP and the prevalence of lifestyle diseases that require life-long treatment, Markaz report said.

              The distinguishing factor of the GCC markets as against other emerging markets is the massive role played by the governments and its unsustainability over the long run. Given that medical inflation is steeper than food inflation, the need for lowering government share in health expenditure cannot be overemphasized. Government's willingness to promote the healthcare sector is seen as a positive sign for a surge in private investment in the region.

              While Saudi had the highest Crude Birthrate (CBR) at 21.6, Qatar had the lowest at 12.7. The Crude Death Rate (CDR) has been on the decline too with the UAE registering a maximum decline of 30 percent over the ten-year period. Qatar has the highest life expectancy at 78 years comparable to the US (78) and the United Kingdom (80).

              The governments of the GCC countries have consistently endeavored to promote good health in the states.

              The Saudi Arabian Ministry of Health has made it mandatory for Haj pilgrims to be vaccinated against communicable diseases including yellow fever, cerebrospinal meningitis fever and polio. The MoH invites consultant physicians from Jordan, Pakistan, Egypt and US to pay periodic visits to the Kingdom. The UAE government has undertaken several measures including the National Immunization Program against polio, the Malaria Control Program, Directly Observed Treatment Short course (DOTS) and the National Tobacco Control Program. Dubai has the distinction of being home to two free healthcare zones – the Dubai Health Care City and the Dubai Biotechnology and Research Park.

              The Kuwait government has undertaken the extension of 9 medical towers that is expected to increase hospital capacity by 30 percent.

              Oman accords special importance to women's and children's health. The MoH reports that antenatal care coverage was more than 99.4 percent in 2010. Bahrain's MoH has launched I-SEHA program to manage and streamline health information systems in the country.

              The prevalence of lifestyle diseases and the lack of adequate infrastructure and trained workforce in the healthcare sector underline the need for Public Private Partnerships in the region. The GCC nations are heavily import-dependent for their surgical equipment needs. The manufacture of pharmaceuticals and surgical equipment are both limited and these allied sectors provide scope for private investment.

              Of the six GCC countries, Saudi Arabia and the UAE are most receptive to foreign investment in healthcare-related sectors. The two countries import bulk of their medical equipment from the US and Germany.

              Over the 10-year period, health expenditure per capita has grown at an annualized rate of 7.9 percent for the GCC nations as a whole.

              Kuwait's health expenditure per capita grew at 10.8 percent per annum. In absolute terms, Qatar's health expenditure per capita was the highest, despite the fact that the amount as a proportion of GDP was the lowest in the GCC.

              Public health expenditure in the GCC countries ranges between 63 percent and 80 percent of total health expenditure. The GCC Governments would like to reduce their contribution to the healthcare sector over time, given that the availability of petrodollars cannot be sustained forever. Country-level healthcare expenditure forecasts are made using a top-down approach with a break-up of public and private healthcare expenditure.
              The Saudi Gazette
              8 April

              Previous Post

              Majid Al Futtaim’s Beirut City Center opens in Hazmieh

              Next Post

              Qatar is ‘building prime assets’ globally to boost diversification

              Next Post

              UAE’s nuclear energy program on track

              News Letter

              Subscribe to our mailing list to receive daily updates direct to your inbox!

              *we hate spam as much as you do

              Filter By Country

              IFP Info – News

              The resource of credible, industry-specific updates

              Categories

              • Agrofood
              • Business & Economy
              • Construction
              • Energy
              • Event News
              • Hospitality
              • Interviews

              Countries

              • Bahrain
              • Egypt
              • Iran
              • Iraq
              • Jordan
              • Kingdom of Saudi Arabia
              • Kuwait
              • Lebanon
              • Oman
              • Other Africa
              • Other GCC
              • Other Middle East
              • Qatar
              • Syria
              • United Arab Emirates
              • Worldwide

              Newsletter

              Subscribe to our mailing list to receive daily updates direct to your inbox!

              *we hate spam as much as you do

              • About
              • Advertise
              • Privacy & Policy
              • Contact

              © 2023 IFP Group - All Rights Reserved / www.ifpexpo.com

              No Result
              View All Result
              • Agrofood
              • Business & Economy
              • Construction
              • Energy
              • Hospitality
              • IFP Events
                • Event News
                • Upcoming Events

              © 2023 IFP Group - All Rights Reserved / www.ifpexpo.com