Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Arabia to develop five integrated medical cities - report  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 22/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kuwait News Agency (KUNA)) The Kingdom of Saudi Arabia is developing five integrated medical cities intended to offer high quality healthcare services for the populace of the Kingdom to address the rapidly increasing demand for health services, a Kuwait Finance House (KFH) report showed



These cities are expected to add 6,200 beds in the Kingdom moving forward, it said



The kingdom is aiming to achieve a hospital beds-to-population ratio of 3.50 beds per 1,000 people by 2014, which will require adding another 41,000 beds across the country. To accomplish this goal, the government's ninth five-year plan, covering 2010-14, allocates 273.9 billion Saudi riyals for various health initiatives, including the construction of 121 hospitals, 700 primary health centers and 400 emergency centers, it said



Total ongoing healthcare projects in Saudi Arabia stood at USD 14.8 billion which represents approximately 48.5 percent of all GCC healthcare projects in the GCC region - the highest among the GCC countries. Looking at the huge number of healthcare projects, it is imperative that the Saudi Arabia government ensures that the new hospitals, medical cities and health centers have the right personnel in place when they are commissioned, it indicated



There is an ambitious target to double the total number of nurses to more than 130,000 and increase the number of doctors to more than 66,000, a near 50 percent increase. A large number of nurses are presently recruited from the Philippines, Malaysia and Indian subcontinent. The shortage of medical professionals in the Kingdom has never been neglected by the government, it said



To ease the shortage of manpower, Saudi Arabia has invested in expanding the number of undergraduate medical colleges. Some institutions have agreed training partnership with overseas institutions. The Ministry of Health and the Ministry of Higher Education, in conjunction with new facilities including King Fahd Medical City, have managed to put in place training plans, both locally as well as in collaboration with international universities and training institutions, to train the workforces, the KFH report added



With the introduction of compulsory health insurance, the Saudi health insurance, and consequently healthcare sector, is expected to grow in the near future as more private companies are now bound to provide medical insurance. Similarly, the GCC and the kingdom's healthcare sector is going through rapid change and most of the governments in the region are encouraging private sector investment in this sector, either through direct investment or through public private partnership (PPP)



All these factors provide an opportunity for private healthcare operators and service providers to enter into a market which offers unlimited potential for growth

The private sector should not wait for governments to do all the foundation work for PPPs. Instead, the private sector can be proactive, conducting its own analyses, such as feasibility studies, and sharing market intelligence with the public sector, the KFH report concluded.

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Nov 28 2014 - India says still searching for 39 workers seized in IraqArab News
(MENAFN - Arab News) NEW DELHI: India said Friday it was still searching for 39 construction workers abducted in Iraq in June denying a report claiming they had been executed by the Islamic State ...

 Nov 28 2014 - Gulf Asia approve steps to protect foreign workersArab News
(MENAFN - Arab News) KUWAIT CITY: Gulf and Asian labor ministers agreed Thursday on a series of initiatives aimed at boosting protection and improving conditions of employment for millions of foreign ...

 Nov 28 2014 - UAE hints at body to monitor forex pegThe Peninsula
(MENAFN - The Peninsula)   An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the US dollar, but local bankers said any change to the peg ...

 Nov 28 2014 - Qatar bourse index down by 3.72pc last weekThe Peninsula
(MENAFN - The Peninsula)  Qatari bourse fell on heavy selloff on latest Opec pessimism on output cut. The benchmark index plunged by 1.39 percent to finish at 13,330 yesterday.The entire sector ...

 Nov 28 2014 - Qatar calls for creating Common Islamic MarketThe Peninsula
(MENAFN - The Peninsula)  Speaking on behalf of all Arab countries, Qatar's Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, yesterday at the Ministerial Session of ...

 Nov 28 2014 - Saudis block Opec output cutThe Peninsula
(MENAFN - The Peninsula)  Saudi Arabia blocked calls yesterday from poorer members of the Opec oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude ...

 Nov 28 2014 - Don't bypass oil firm, Libya rival govt warnsThe Peninsula
(MENAFN - The Peninsula)  Libya's parallel government controlling the capital will take legal action against buyers of oil bypassing the Tripoli-based state oil firm National Oil Corporation (NOC), ...

 Nov 28 2014 - Qatar Airways partners with Coca Cola IPTLThe Peninsula
(MENAFN - The Peninsula)  Qatar Airways (QA) has teamed up with Coca-Cola International Premier Tennis League (IPTL) as the presenting sponsor for the inaugural edition of the event.The IPTL is the ...

 Nov 28 2014 - Aljazeera to hold global hackathonThe Peninsula
(MENAFN - The Peninsula)   Aljazeera is organising its first hackathon where some of the most innovative minds in media and technology from around the globe will work together and collaborate on the ...

 Nov 28 2014 - GCC 'Summit key to boosting unity'The Peninsula
(MENAFN - The Peninsula)  H M King Hamad bin Isa Al Khalifa of Bahrain yesterday met GCC Secretary-General Dr Abdullatif bin Rashid Al Zayani, who is on a GCC tour.King Hamad stressed the importance ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help