IFP Info - News
  • Agrofood
    • All
    • Agriculture
    • Environment
    • Food
    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Agreements signed to establish 4 food factories in Jordan

    Agreements signed to establish 4 food factories in Jordan

    Morocco set to launch potash project: report

    Morocco set to launch potash project: report

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Food Africa and pacprocess MEA to launch in December with an even larger area

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

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

    Trending Tags

    • Business & Economy
      • All
      • Business
      • Economy
      • Finance
      • Industry
      • Technology
      • Trade
      • Transport & Logistics
      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      International investors keen on entering Saudi market, says minister

      International investors keen on entering Saudi market, says minister

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Egypt starts implementation of silicon production project in New Alamein

      Egypt starts implementation of silicon production project in New Alamein

      Trending Tags

      • CES 2017
      • Election Results
      • eSports
    • Construction
      • All
      • Infrastructure
      • Real Estate
      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

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Qatar to implement new strategies for real estate development

      Qatar to implement new strategies for real estate development

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

      Trending Tags

      • Energy
        • All
        • Oil & Gas
        • Power & Electricity
        • Renewable Energy
        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

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

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        Oman’s refinery products output jumps by 44%

        Oman’s refinery products output jumps by 44%

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Oman signs $20bn hydrogen deals

        Oman signs $20bn hydrogen deals

        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
          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Agreements signed to establish 4 food factories in Jordan

          Agreements signed to establish 4 food factories in Jordan

          Morocco set to launch potash project: report

          Morocco set to launch potash project: report

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Food Africa and pacprocess MEA to launch in December with an even larger area

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

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

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics
            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            International investors keen on entering Saudi market, says minister

            International investors keen on entering Saudi market, says minister

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Egypt starts implementation of silicon production project in New Alamein

            Egypt starts implementation of silicon production project in New Alamein

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            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

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Qatar to implement new strategies for real estate development

            Qatar to implement new strategies for real estate development

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

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

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              Oman’s refinery products output jumps by 44%

              Oman’s refinery products output jumps by 44%

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

              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

              Saudi Arabia spends more on healthcare

              OBG

              May 17, 2012
              in Uncategorized
              0
              Share on FacebookShare on Twitter

              The Kingdom is launching a massive health care sector spending program, a priority in a country where population growth, increasing numbers of religious tourists and a rise in lifestyle-associated illnesses are putting pressure on existing medical infrastructure.

              In late December 2011, the Saudi government pledged to increase budgetary spending on health care by 26% in 2012, a significant jump in year-on-year expenditure. In 2009, the Kingdom invested $13.86bn in health services, approximately 11% of the total budget. This rose to $16.58bn in 2010 and to $18.32bn in 2011, or 11.3% and 11.8% of the national budget, respectively.

              Much of the spending will go towards modernizing and expanding the country’s network of government hospitals. The Ministry of Health’s (MoH) strategic five-year plan, launched in 2011, is largely focused on building 121 new hospitals and renovating a further 66.

              In February, Abdullah Al Rabeeah, the minister of health, authorized payment of $373.26m for construction of the first phase of the King Faisal Medical City (KFMC), a 1350-bed facility in Saudi Arabia’s Southern Province.
              In the same month the minister also gave approval for the construction of a 300-bed child and maternity hospital in Al Jouf, a city in the north of the Kingdom. The project, awarded to Musad Al Otaibi Contracting Company, will cost $67.19m.

              This fillip to the medical sector comes as part of a broader $34.66bn public spending package instigated by King Abdullah Bin Abdulaziz Al Saud in 2011. This investment in public housing, health care and infrastructure has contributed towards the Kingdom’s buoyant economic growth. Indeed, the economy is expected to grow by 4.7% in 2012, according to Standard Chartered Bank.

              But this recently ramped-up focus on health care provision is by no means a new issue. According to Fayad Dandashi, the CEO of Futuremed, this is a long running challenge for the Kingdom. “In terms of the number of beds, doctors and nurses per–capita, we fall behind most of the GCC and developed countries,” he told OBG.

              Dandashi said that public health care provision has lagged private sector dynamism. “Over the past decade, private sector spending has been the driving force in new health care projects. However, the government has massively increased funding for health care infrastructure projects, building capacity and subsidizing mega private-sector initiatives.”

              Of the 415 hospitals in Saudi Arabia, 127 are operated privately. According to MoH statistics, there are now 58,126 hospital beds in the Kingdom, 12,817 of which are in private institutions.

              The country has the biggest and fastest-growing population of all the GCC countries. The population is an estimated 27m, according to the Central Department of Statistics and Information (CSDI), and this figure is expected to reach 31.6m by 2016. Additionally, the Kingdom receives more than 20m visitors each year for the Hajj and Umra pilgrimages, a number that grows steadily each year, putting further strain on the system.

              This pressure is further compounded by a sharp rise in lifestyle-associated, non-communicable illnesses, such as obesity, diabetes and hypertension. McKinsey & Company, a US-based consultancy firm, estimates that instances of cardiovascular disease and diabetes will increase by 240% by 2025. This represents an considerable financial burden: according to the King Abdulaziz City for Science and Technology, expenses caused by cardiovascular disease will reach $21.33bn by 2032, while diabetes will cost the Kingdom $31.99bn by 2035.

              Ayman Tamer, the president of Tamer Group, a local health care company, told OBG that non-communicable diseases are “one of the biggest threats we face; they seriously affect the economy and productivity of any community”. The key, according to Tamer, will be a strategic swing towards preventative health care through public health awareness and rapid diagnostics.

              Nevertheless, despite this increase in public spending, private sector investment will continue to play a vital role. According to Loay Nazer, the chairman of BUPA Arabia, much could be done to further facilitate investment. “Currently, insurance companies, foreign firms and Saudi joint-stock companies with foreign ownership are unable to own hospitals or clinics,” Nazer told OBG. “There is a real need for increased investment, so opportunities should be opened up to new players.”

              Oxford Business Group
              17 May

               

              Previous Post

              GITEX Saudi Arabia confirms 250 exhibitors ahead of May 21 opening

              Next Post

              Saudi nonoil exports rise 31 percent to SR 176.57 bn

              Next Post

              Qatar-Thailand 2011 trade exchange worth $2.8 billion

              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