Healthcare spending across the GCC is projected to reach a total of USD 44 billion by 2015 in light of ongoing improvements in healthcare infrastructure, healthcare cities, hospitals, specialty centres and primary healthcare centre aimed at meeting growing demand for high-profile services. The region’s market is expected to grow further by 11 per cent, driven by increased demand for hospital beds and healthcare centres which are expected to total 93,992 by 2015.
Kuwait in particular is seeing an influx of projects aimed at the development of integrated healthcare facilities and modern infrastructure for facilitating healthcare services that can cater to the growing, per capita income growth, and sufficient health insurance services in the country.
Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas, has announced that it will be participating at the MEED Kuwait Projects 2013 conference to explore business opportunities in the Kuwaiti healthcare market. The event serves as an ideal platform to seek best-in-class solutions for challenges posed by the country’s comprehensive development plans. It will discuss international best practices to help direct government expenditure plans by harnessing the potential of major industries such as healthcare, oil and gas, transport, and infrastructure.
Mahmoud Sabry, Area General Manager, Drake & Scull Kuwait, said: “The healthcare sector in Kuwait and the other GCC countries offers a variety of investment opportunities. These are being driven by higher government spending and advanced legislative frameworks for boosting the contributions of the private sector to the development of healthcare facilities and integrated centres adhering to the highest international standards. During the MEED conference DSI looks to employ its portfolio of advanced engineering technologies and extensive expertise in catering to the Kuwaiti Government’s plans for creating an integrated healthcare sector to meet the country’s ambitious aspirations.”
“Strategic public-private partnerships are great additions to national healthcare development. They foster an attractive investment environment for regional and international investors to engage in modern infrastructure and facility development projects to meet the growing demand for high-level healthcare services. The local and regional healthcare sectors represent a lot of investment potential that can contribute significantly to GDP growth,” Sabry added.
“We are confident that the increase in government expenditure and the generous budget allocated for establishing hospitals and specialty medical centres will play a pivotal role in launching a series of projects across the public and private sectors. These projects are poised to greatly impact Kuwait’s standing among the leading destinations for treatment and medical services offering the highest standards of quality and excellence,” he concluded.
DSI continues to enhance and strengthen its services offering with unmatched vertical integration and global footprint. The collaborative capabilities of the Engineering services (MEP and Water and Power), General Contracting, Oil and Gas, Rail and Infrastructure development continue to deliver strong performance quality work on project sites. Armed with a multicultural workforce, inherent financial strength and solid regional experience, the company’s outlook remains positive in terms of realising greater profitability and improving productivity across MENA, South Asia and Europe.