Health spending in Saudi Arabia to increase
The director of the economic department at the National Commercial Bank, Said Al-Sheikh, estimated the annual spending on health in the Kingdom of Saudi Arabia at 37.3 billion Saudi riyals ($9.9 billion), according to Al-Watan daily.
The government controls SR 29.8 billion ($7.9 billion) of this spending, while the private sector controls SR 7.5 billion ($2 billion) of total expenditures.
The value of pharmaceutical imports entering into Saudi Arabia hit SR 3.65 billion ($973 million) in 2000, reflecting a nine percent increase compared with the previous year. These imports are expected to reach SR 4.07 billion ($1.08 billion) by the end of 2001, an 11.6 percent rise versus the year 2000.
Average per capita spending on pharmaceuticals in Saudi Arabia amounted to SR 221 ($58.9) last year. This figure is expected to grow to SR 247 ($65.8) in 2001. — (MENA Report)
© 2001 Mena Report (www.menareport.com)