Gulf Cooperation Council (GCC) countries have seen marked improvement in health care provisions in the last 10 years. A scarcity of resources, however – including the availability of qualified physicians and nurses – remains a cause for significant concern.
And the demand for healthcare in the GCC is only growing; the result of an ever-expanding population with an extended life expectancy, paired with lifestyle-related conditions such as obesity and diabetes.
In previous years, healthcare in the GCC was funded solely by the government, but as the need for advanced technology and its associated costs continue to climb, these nations are gradually turning to private investors in a bid to pool resources and provide for the masses.
Subsequently, Public Private Partnerships (PPPs) are increasingly being raised as an alternative approach to healthcare. While not quite a revelation in the GCC – which has implemented the model in sectors such as energy storage – partnerships such as these remain relatively untested in the healthcare arena.
With plans for projects already underway in Saudi Arabia, Dubai, and Kuwait, however, that is all about to change.
Proponents of PPPs are optimistic, but establishing balanced, legal frameworks will be critical to ensuring better care for patients and a Return on Investment for financial contributors.
To learn more, visit https://www.meed.com/gcc-healthcare-sector-seeks-private-investors/.
About the authors
Shashank Rath (far left) is a partner with Synergy Consulting IFA and leads the social infrastructure sector-related advisory. Nitesh Singh (right) is an associate at the firm