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 shrtage 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
 May 25 2016 - PAAFR, FAO to execute key projects in KuwaitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 25 (KUNA) -- The Public Authority of Agriculture Affairs and Fish Resources (PAAFR) have signed agreements with the Food and Agriculture Organization ...

 May 25 2016 - Kuwaiti oil price down 33 cents to USD41.78 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 25 (KUNA) -- The price for Kuwaiti oil went down 33 cents on Tuesday to settle at USD 41.78 per barrel (pb) after being at USD 42.11 pb last Monday, ...

 May 25 2016 - Tunisia keen on promoting social development cooperation with Kuwait - Min. Bin RamadhanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Khaled Jabbar TUNIS, May 25 (KUNA) -- Tunisia is working with Kuwait on promoting a solid cooperation on social development while a relevant memorandum of ...

 May 25 2016 - Kuwait's youth inspired by Japan's manufacturing innovation, entrepreneurshipKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Miyoko Ishigami OSAKA, Japan, May 25 (KUNA) -- Young manufacturing professionals from Kuwait led by Dr. Souhaila Al-Muttawa, faculty member of the ...

 May 25 2016 - Eurozone agrees to release next bailout funding for GreeceKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, May 25 (KUNA) -- Finance ministers of the 19-member Eurogrpup have agreed to unlock the next tranche of bailout to Greece, worth EUR 10.3 billion, after ...

 May 25 2016 - Kuwait protects environment with strict laws - Min. Al-OmairKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 25 (KUNA) -- Kuwait is taking serious measures to protect the environment and natural resources, said Minister of Public Works and Minister of ...

 May 25 2016 - Kuwait crude oil exports to S. Korea down 2.5 pctKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) TOKYO, May 25 (KUNA) -- Kuwait's crude oil exports to South Korea in April fell 2.5 percent from a year earlier to 9.88 million barrels, or 329,000 barrels per ...

 May 25 2016 - Kuwait's nat'l security apparatus chief meets Chechen Pres.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) MOSCOW, May 25 (KUNA) -- Chief of Kuwait's National Security Apparatus Sheikh Thamer Ali Sabah Al-Salem Al-Sabah met with Chechen President Ramzan Kadyrov in ...

 May 25 2016 - Saudi's Vision 2030 repositions its economic situationMENAFN
(MENAFN) Saudi Arabia plans to overcome its relaince on oil and integrate its economy and markets on an international scale, in order to attract more foreign investors.Moreover, Vision 2030 will ...

 May 25 2016 - Saudi, Egypt agree on USD 3.6bn property projectMENAFN
(MENAFN) The USD 3.6bn Mountain View iCity was proclaimed, Egypt's biggest next project which is a joint venture between Egypt and Saudi Arabia.Furthermore, the project reaffirms the confidence ...

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