Is Dubai the new Middle East medical capital?
In a strong signal of Dubai’s fast-growing position as one of the world’s leading medical capitals, the sector in the emirate is projected to be worth $10.9 billion (Dh40 billion) by 2013.
The two major factors driving this growth are the increased investments by government and international investors, as well as Dubai’s emerging role as a leading destination for medical tourism. The substantial growth in investments is expected to yield a sharp rise in new medical institutions, research and medical education facilities.
As Dubai celebrates the UAE’s 41st National Day, this boom is in line with the vision of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make the emirate a leading destination for healthcare investments.
In addition to new institutions, Dubai is also receiving growing interest from international pharmaceutical companies who are striving to make breakthroughs in medical cures. This trend is further boosted by the ever-growing number of highly-skilled professionals who are applying to work in Dubai. What is particularly notable is that Dubai’s leading hospitals such as Saudi German Hospital-Dubai have attracted professionals from some of the world’s most prestigious medical institutions in Europe and elsewhere.
“The sharp increase in applications can be attributed to two main factors: firstly the massive increase in investments; which in turn has been attracted by Dubai’s impressively high quality of services. This chain reaction will create a continuous cycle, because the best professionals want to work at the best hospitals, which in turn attracts the best investments, and so on,” Saudi German Hospital-Dubai CEO Dr Reem Osman said.
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Businessmen tortured in UAE
- State of the Arab World Economy report 2016: diversify, tax, slash subsidies
- Arab investors won't dump the Trump despite anti-Muslim remarks
- UAE economy minister projects high growth despite oil prices
- leading global provider of medical devices selects dubai as middle east base
- Gulf Capital Acquires 75% of TechnoScan, the Largest Chain of Medical Diagnostic and Imaging Centers in the Middle East
- The Saudi-German Hospitals Group continues to grow
- US medical fund enters region with joint venture; potential to drive world-competitive medical technology base in Middle East
- Injazat Capital announces agreement between shareholder unit Dawee Medical Company and Victorian Healthcare Association