Muscat: An influx of investments in healthcare real estate is injecting growth into the Middle East and North Africa (Mena) region's health sector, driven mainly by the United Arab Emirates and Saudi Arabia.
The UAE healthcare market is projected to expand by almost 100 per cent this year alone, becoming an Dh44 billion industry by 2015, according to the Dubai Chamber of Commerce and Industry.
Meanwhile, forecasts indicate exponential growth for the Gulf Cooperation Council (GCC) region, which will boom into a $60-billion health sector over the next decade, stated a press release.
Healthcare real estate
In the latest milestone for the United Arab Emirates' spiralling healthcare real estate, Dubai is now home to the MENA region's largest private mega-hospital, which was successfully designed, built, and equipped by IHCC, one of the region's leading providers of design-build turnkey solutions that is specialised in healthcare, education, and mixed-use projects.
The landmark project was custom-built for the Emirates Health Care Development Company at a cost of $115 million.
The hospital has a capacity of 315 beds, with more than 100 doctors and 600 other employees, serving up to 2,000 patients per day.
The project demonstrates the towering levels of investment in the United Arab Emirates, putting the country firmly on course towards its goal of becoming the international capital of medical tourism. Sultan Batterjee, chief executive officer of IHCC, expressed optimism that the region's healthcare real estate sector is set for even greater milestones:
"As the niche market of medical real estate grows, so too do the expectations of our clientele. That is why we have utilised state-of-the-art 'Design Build' turnkey solutions that are specialized in healthcare, leveraging our smart synergies with some of the world's top innovators."
"We strongly believe that healthcare consumers in the United Arab Emirates, GCC, and MENA region as a whole deserve the highest international standards, as evidenced by our quality control in building and planning this iconic project," he added.