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          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

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

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

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            Iraq set to award new Faw Port deals

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            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

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            Aecom wins Neom utilities infrastructure design contract

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              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

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              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

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              France to help Iraq generate electricity, will invest in education, science: Macron

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              Acwa Power inks finance deals for 900MW Dubai solar park

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                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

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                Qatar’s hospitality sector peaks despite turbulent 2020

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

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                Staycations to stimulate Qatar’s hospitality sector

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                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Medical tourism to boost Dubai's revenues

              Oxford Business Group

              February 5, 2015
              in Healthcare, Hospitality
              0

              Looking to capitalize on its reputation for healthcare, Dubai has set its sights on expanding the medical tourism sector with a target of half a million health and wellness visitors by 2020, boosting the economy with a fourfold increase in revenues from this segment.

              The number of medical tourists reached 135,000 last year, up from 120,000 in 2013, according to Dubai Health Authority (DHA). The total is expected to exceed 150,000 by the end of the year, the consultancy firm Colliers International estimates.

              Investments in new facilities are also being made to retain citizens and residents of the Emirate who are choosing to seek treatment abroad for specific illnesses, and improve the service more generally as a new universal healthcare insurance system is rolled out.

              Revenue rising
              Dubai’s experience in the hospitality sector is helping pave the way for growth as organizations such as the DHA and Dubai Tourism and Commerce Management (DTCM) are working together with hospitals and hospitality providers to offer healthcare “packages”. These include treatment, hotel accommodation and flights, alongside visa provisions tailored to visitors seeking treatment and a new dedicated online portal catering for this specific segment of the hospitality market.

              Health officials said in January the emirate is also considering offering medical tourism insurance products for patients travelling to Dubai for medical treatment.

              Revenues from medical tourism are forecast to increase 15% to Dh1.1bn ($299.5m) in 2016 from Dh652m ($177.5m) in 2012 according to the DHA. This figure will climb again to Dh2.6bn ($708m) in 2020. The government is expecting a 15% return on investments (RoI) for its medical tourism initiative, DHA director-general Essa Al Maidoor told journalists at a conference at the end of January.

              Healthcare city
              After decades of Middle East nationals travelling to other regions for treatment, predominantly Singapore, India and Thailand, the government in Dubai is acting to establish a regional base for medical tourism.
              A focal point of inward investment is Dubai Healthcare City (DHCC), which was founded in 2002 as a free zone centered on medical education, treatment, research and enterprise and now has more than 130 clinical facilities.

              In 2014, DHCC facilities treated 1.2m patients, according to a statement issued at the end of January, with about 15% of this total from overseas. Among this group, half are from the Gulf region, a third from the wider Arab world, with the rest from Eastern and Western Europe and Asia. DHA is also targeting countries such as Russia, the CIS countries, India, Pakistan, Nigeria, Angola and the United Kingdom as part of its medical tourism strategy, which has been designed over two phases with the first running until 2016 and the second until 2020.

              Although medical tourism is often associated with cosmetic or plastic surgery, a survey conducted at DHCC in 2014 showed fertility treatment was the most popular offering for patients in the first half of 2014.  Cosmetic surgery was second most popular, followed by dental treatment, cardiac and orthopaedic procedures.

              Reversing the tide
              The domestic market has also been earmarked for growth with new facilities being built to cater for the needs of the local market. The UAE spends around Dh4,420 ($1,200) per person each year on healthcare, ranking it among the top 20 countries in the world for healthcare spending per capita.

              Reform of the healthcare system is also likely to drive up standards and expand areas of expertise – companies with more than 1,000 workers are already required to ensure a health cover is in place for their staff. The mandatory health insurance scheme will require all employers to provide basic healthcare cover by the end of June, 2016.

              DHA figures released last year showed that in addition to the Dh8.5bn ($2.3bn) spent on healthcare in Dubai in 2012, a further Dh1.5bn ($408m) was spent outside the emirate, often to pay for treatments or specialist care that could only be found abroad. Oncology treatments were sought by more than one in five, while 12.9% saw orthopaedic surgeons, 12.6% visited neurosurgeons and 5.1% had heart surgery.

              In 2015, the private Mediclinic City Hospital, located in the DHCC free zone, is hoping to start meeting the demand for oncology services. “We are busy building a new center including a linear accelerator and PET scan and so it’s going to be a fully-fledged oncology center, from diagnostics to therapeutic,” Tarek Fathey, Mediclinic Hospital Director and COO of Mediclinic Middle East, told OBG.

              Encouraging investors to offer specialist medical services in Dubai would also produce a direct saving for the government. Of the Dh1.5bn spent on treatments abroad in 2012, DHA itself paid Dh338.2m ($92m) for 1819 patients.
              Oxford Business Group
              5 February

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