Growing UAE Healthcare Sector highlights numerous opportunities for partnership and investment for U.S. companies
A new report, released by the U.S.-U.A.E. Business Council, finds that the United Arab Emirates’ ‘U.A.E.’ healthcare sector has made significant strides through partnership with U.S. companies. As outlined in the country’s federal diversification plan, U.A.E. Vision 2021, the U.A.E. 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 U.A.E. Healthcare Sector’, analyzes the comprehensive healthcare relationship between the two countries. The report found that in 2013 alone, U.A.E. healthcare spending reached an estimated $16.8bn and is expected to grow at a CAGR of over 16% through 2014. The report also highlights specific areas of opportunity for U.S. 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.-U.A.E. Business Council President Danny Sebright. “The healthcare sector provides unique and dynamic opportunities for U.S. companies and providers to support the U.A.E.’s evolving domestic healthcare infrastructure,” he added.
The report provides a snapshot of all federal and Emirate-level healthcare organizations in the U.A.E., 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.-U.A.E. partnerships are also highlighted, including the new Cleveland Clinic Abu Dhabi, and advice for incoming U.S. healthcare companies on best practices is provided, while illuminating the immediate gaps in the sector that require U.S. expertise. Numerous factors are cited in the report as contributing to the growth of this bilateral healthcare relationship. Among them is the U.A.E.’s emergence as the Middle East’s center for business and commerce, a deepening U.S.-U.A.E. bilateral relationship, and the significant investment in and development of the U.A.E.’s health care sector.
“This report provides a glimpse of the vast healthcare sector opportunities for U.S.-U.A.E. private and public sector stakeholders,” said Sebright. “The U.A.E. 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 with training and world-class ingenuity,” Sebright added.
For more information please contact:
Mr. Brian Principato