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    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

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    FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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    Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

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    Africa: From Food Importer to Global Powerhouse

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    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

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    Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

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    Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

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    Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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      Consumer Electronics Boom Continues Across GCC, Middle East

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      Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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      Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

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      Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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      Oman Advances Vision 2040 with 95% of Strategic Programs Underway

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      Saudi Arabia Launches Second Phase of Industrial Incentives to Attract High-Value Investment

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      Qatar’s Economy to Grow 6.5% by 2027 on LNG Expansion – World Bank

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        Deal Signed to Build Bahla Cultural Center Facility in Oman

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        Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

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        Iraq Approves 5,000-Unit Housing Project in Basra

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        AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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        Saudi Arabia’s Construction Market Set to Hit $96 Billion by 2030

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        New Aerial Images Showcase the Monumental Scale of Baghdad’s $1 Billion+ Landmark Project

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        Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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        Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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        Global Modular Construction Market to Hit USD 157.9 Billion by 2032

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          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

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          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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          Iraq Aims for 12 GW of Renewable Energy by 2030

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          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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          Iraq and Power China International Sign Deal to Strengthen National Power Grid

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          Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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            Qatar’s Health Spending Set to Climb 14% by 2029

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            Qatar and the UK Explore Deeper Cooperation in Healthcare

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            Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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            Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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            Daewoong Pharmaceutical Debuts Nabotah Botulinum Toxin in Qatar

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              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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              Oman Secures $6.7 Billion in Tourism Investments Toward $7.8 Billion Goal by 2025

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              Oman Unveils 3-Kilometer Tourist Walkway in Nakhal: A Transformative Step for Local Tourism

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              Oman’s Hotel Sector Sees Strong Growth in Revenues and International Guests

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              Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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                Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                      Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

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                      Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

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                      Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                        Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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                        Qatar’s Economy to Grow 6.5% by 2027 on LNG Expansion – World Bank

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                          Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

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                          AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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                          Saudi Arabia’s Construction Market Set to Hit $96 Billion by 2030

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                          New Aerial Images Showcase the Monumental Scale of Baghdad’s $1 Billion+ Landmark Project

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                          Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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                          Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                          Global Modular Construction Market to Hit USD 157.9 Billion by 2032

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                            Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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                              Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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                              Qatar’s Health Spending Set to Climb 14% by 2029

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                              Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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                              Qatar and the UK Explore Deeper Cooperation in Healthcare

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                              Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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                                Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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                                Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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                                      Oman: A Strategic Logistics Hub with World-Class Infrastructure

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                                      Saudi pharmaceutical market to reach $4.7 billion by 2016

                                      SG

                                      January 4, 2013
                                      in Trade
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                                      Saudi Arabia, one of the largest pharmaceutical markets in the Middle East region, is forecast to expand by 4.7 percent a year to reach $4.7 billion by 2016, Deloitte said in its report entitled “2013 global life sciences outlook: Optimism tempered by reality in a ‘new normal’”.

                                      It said among specific market segments, pharmaceuticals accounted for $798 billion in market revenue in 2011; and biotechnology accounted for $289 billion.

                                      The Deloitte report also closely examines the current state of the global life sciences industry and the top issues facing stakeholders, with focus on the GCC. It indicates that the GCC States, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, comprise a dynamic life sciences and health care market, due to their growing and aging population and increasing total health care expenditures per capita.

                                      “To grow in this challenging climate, the life sciences industry is transitioning away from a primary-care, small-molecule-driven sales model, toward targeting specialist secondary care indications. Two practices we are witnessing are the use of high-value biologic therapies in the developed markets, as well as marketing branded and off-patent medicines in the fast-growing emerging markets, including the Middle East countries,” said Herve Ballantyne, healthcare industry leader, Deloitte Middle East. “Cost savings facilitated by mergers and acquisitions are also set to bolster profits.”

                                      The GCC population is expected to continue growing at five percent year-on-year, driven mainly by the influx of expatriates to the region, according to the report. While the dominant age group is estimated to be the 30-44 year old group, the 45-65 and 65+ age groups are expected to grow cumulatively by an average of six percent between 2011 and 2020. This aging population will further increase the burden on health care systems and costs.

                                      “There are many prevalent trends across the GCC, that are likely to impact life sciences and healthcare companies operating in the region,” said Ballantyne.

                                      “These trends include governments’ increasing investment in health awareness and lifestyle changes programs and technological advancements; the growth of smaller clinics and ambulatory centers; increased interest in medical tourism; and new health care regulations,” he added.
                                      SG
                                      4 January

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