The perfect couple: U.S. and UAE healthcare relationship is growing
A new report, released on Tuesday by the U.S.-UAE Business Council, finds that the UAE healthcare sector has made significant strides through partnership with U.S. companies. As outlined in the country’s federal diversification plan, UAE Vision 2021, the UAE will continue to invest and partner with best-in-class companies to build a first-rate healthcare infrastructure while growing expertise and services to fulfill its citizens’ needs and expectations.
The report, “The UAE Healthcare Sector,” analyses the comprehensive healthcare relationship between the two countries. The report found that in 2013 alone, UAE healthcare spending reached an estimated $16.8 billion and is expected to grow at a CAGR of over 16 per cent through 2014. The report also highlights specific areas of opportunity for US companies including education and training, diabetes and other chronic non-communicable diseases, information technology challenges, updating policies regarding pharmaceuticals and medical devices, and healthcare insurance improvements.
“The United States and United Arab Emirates are rapidly expanding trade and commercial partnerships to meet economic diversification, foreign direct investment, and export promotion initiatives underway in both countries,” said U.S.-UAE Business Council President Danny Sebright. “The healthcare sector provides unique and dynamic opportunities for US companies and providers to support the UAE’s evolving domestic healthcare infrastructure.”
The report provides a snapshot of all federal and Emirate-level healthcare organisations in the UAE, as well as highlighting the significant growth of hospitals and the amount of beds in each individual Emirate over the last forty years. Current U.S.-UAE partnerships are also highlighted, including the new Cleveland Clinic Abu Dhabi, and advice for incoming US healthcare companies on best practices is provided. Numerous factors are cited in the report as contributing to the growth of this bilateral healthcare relationship. Among them is the UAE’s emergence as the Middle East’s centre for business and commerce, a deepening U.S.-UAE bilateral relationship, and the significant investment in and development of the UAE’s health care sector.
“This report provides a glimpse of the vast healthcare sector opportunities for US-UAE private and public sector stakeholders,” said Sebright. “The UAE has attainable ambitions to become a medical hub for the entire Middle East North Africa region and the U.S. is in a good position to support this goal.”
- UAE aims for energy diversification, bets on nuclear
- A 'fashion empire': How Zara is about to make a Lebanese family billionaires
- Staying home this year: how's Dubai's Shopping Festival faring in the absence of Russian shoppers?
- Living in the UAE? Here are the top ten ways to end up richer in 2015
- A 'quieter' shopping festival and ghosts of 2009: can Dubai move forward with $50 dollar oil?
- Dubai Exports hosts B2B meetings to foster business relationships with Saudi Arabian and Indian companies
- Growing Gulf Healthcare Demand Creates Opportunities for International Healthcare Support Industries
- UAE Strife as couples go under the knife
- healthcare provision must be targeted - Women’s Healthcare brings relevant health professionals together with 30,000 women in the UAE