Riyadh, KSA:– Colliers International, The Global Commercial Real Estate Leader, released its latest white paper on the healthcare sector in the Kingdom of Saudi Arabia, the 12th edition in the Pulse series of research papers on healthcare in the MENA region. The paper focuses on the key factors impacting the Saudi healthcare market; outlook, opportunities and challenges for operators, investors and policy makers.
With Vision 2030, the Kingdom is going through fundamental structural changes in all economic sectors including healthcare.
Mansoor Ahmed, Director of Healthcare, Education and Public Private Partnerships (PPP), highlighted that “The healthcare sector in the Kingdom continues to evolve alongside the global advancements in technology, research and development. However, the successful growth of the healthcare sector will be dependent on embracing, developing and adopting new technologies and innovations founded on global research and development (R&D) producing data-driven, patient-centric and result oriented healthcare.”
He adds “One of the key factors for the growth of the KSA Healthcare is the increasing population and more specifically changing age profile of the population, which is expected to reach 45 million by 2030 based on SAGIA projections. The increase in population is expected to fuel the demand for healthcare services in the Kingdom. However, the change in the composition of population, which dictates future healthcare requirements, will create demand for a number of specialisms; paediatrics, lifestyle diseases, long-term care, rehabilitation, home care and rejuvenation services. With the increase in requirements combined with the Governments Saudization programme, we anticipate a significant requirement for Saudi national doctors and nurses which in turn will drive demand for medical education facilities”.
“Based on Colliers analysis, utilising global beds per population, by 2030, KSA will require 29,000 to 47,000 additional beds.in turn requiring an additional investment of US$ 16.2 to UD$ 26.3 billion. We expect most of the investment to come from the private sector, Privatisation through Public Private Partnership (PPP) and the creation of more REIT funds. Based on Colliers estimate, REIT funds in the Kingdom can unlock between US$ 5.7 billion to US$ 7.1 billion from property values in the private sector with potentially a further US$ 16.9 billion to US$ 21.1 billion from the public sector.” Mansoor concludes.
-Ends-
CONTACTS
Inci Gecekusu, Marketing & Communications Manager +971 55 763 3737 Inci.Gecekusu@colliers.com
ABOUT COLLIERS INTERNATIONAL
Colliers International is a leading global real estate services and investment management company. With operations in 68 countries. With operations in 68 countries, our 17,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
In MENA, Colliers International has provided leading advisory services through its regional offices since 1996. Colliers International currently has five corporate offices in the region located in Dubai, Abu Dhabi, Egypt, Riyadh and Jeddah.
© Press Release 2019Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
