ID :
44701
Sun, 02/08/2009 - 13:38
Auther :
Shortlink :
https://oananews.org//node/44701
The shortlink copeid
Report: UAE healthcare market to reach Dh43.7 billion in 2015
Dubai, February 7, 2009 (WAM) - The value of the healthcare market in the UAE alone is expected to rise to US$11.9 billion in 2015, from US$3.2 billion in 2005, according to a recent report.
"At present, almost US$14 billion worth of healthcare-related projects are underway across the Gulf region, with Saudi Arabia alone spending more than US$6.6 billion on a total of 83 projects, and the UAE and Qatar spending a respective US$2.9 billion and US$2.8 billion", said the report which was released by UAE-headquartered Crescent Investments.
At present, it added, almost US$14 billion worth of healthcare-related projects are underway across the Gulf region, with Saudi Arabia alone spending more than US$6.6 billion on a total of 83 projects, and the UAE and Qatar spending a respective US$2.9 billion and US$2.8 billion.
The Dubai healthcare sector, in particular, has grown rapidly over the last decade, and advances in medical and computer technology, among other factors, have made the sector a dynamic one.
The UAE is one of the more developed healthcare markets in the region, with one of the highest per capita healthcare expenditures, and there is a high demand for modern, hi-tech healthcare, explained Director of Investment at Crescent Investments, Vijay Sharma.
The recent mandatory health insurance policy in the UAE has also led to increased demands for health services and products, he added.
"At present, almost US$14 billion worth of healthcare-related projects are underway across the Gulf region, with Saudi Arabia alone spending more than US$6.6 billion on a total of 83 projects, and the UAE and Qatar spending a respective US$2.9 billion and US$2.8 billion", said the report which was released by UAE-headquartered Crescent Investments.
At present, it added, almost US$14 billion worth of healthcare-related projects are underway across the Gulf region, with Saudi Arabia alone spending more than US$6.6 billion on a total of 83 projects, and the UAE and Qatar spending a respective US$2.9 billion and US$2.8 billion.
The Dubai healthcare sector, in particular, has grown rapidly over the last decade, and advances in medical and computer technology, among other factors, have made the sector a dynamic one.
The UAE is one of the more developed healthcare markets in the region, with one of the highest per capita healthcare expenditures, and there is a high demand for modern, hi-tech healthcare, explained Director of Investment at Crescent Investments, Vijay Sharma.
The recent mandatory health insurance policy in the UAE has also led to increased demands for health services and products, he added.
