The member states of the GCC – Saudi Arabia, Oman, Bahrain, Kuwait, Qatar and the United Arab Emirates (UAE) – are investing heavily into healthcare ventures to support the increasingly varied healthcare needs of their rapidly growing populations.
In the UAE, the government is looking to make the most of the country’s predicted medical tourism boom, which will result in revenues of an estimated 700 million USD by 2020. This represents a significant increase on the 300 million USD in revenue from medical tourism predicted this year.
According to the founder and CEO of Al Masah Capital, Mr. Shailesh Dash, “This is a fantastic forecast for the UAE healthcare industry, but it also highlights the important fact that both the government and private healthcare companies need to work hand in hand in order to realistically serve that many patients and generate the estimated revenues.”
The UAE government will be turning to the private sector to source the healthcare technology, medication and innovation necessary to support the continued annual influx of medical tourists into the country. This has translated into a willingness to invest in healthcare opportunities abroad in order to access medication, medical technology and knowledge outside of what is currently available in the UAE.
UAE based investment firms are also turning their focus to healthcare, following in the footsteps of major players like the Abraaj Group, one of the largest private equity investors in the region with 9.5 billion USD in assets under management. According to Tom Speechley, Head of Global Markets at Abraaj, the firm is currently “very excited about healthcare.” He noted that the demand-side drivers include urbanisation, population growth and the rise of non-communicable diseases. “We’ve done 29 investments in healthcare,” said Speechley. “We’ve never lost any money in that space. And the reason for that is because people will never give up the healthcare spend out of their overall consumption basket.”
The trend towards investing in healthcare includes deployments into stable overseas markets like the US. Naseba is a deal facilitator that has spent over a decade building a network of contacts with investors from around the world – including the GCC. This network includes family offices, sovereign wealth funds, investment firms, high net worth individuals and members of royalty.
Our investor analyst team speaks to investors on a daily basis in order to fully understand their needs and mandates. The team is currently sourcing high-potential, innovative healthcare investment opportunities on behalf of these investors.
On October 4th, 2016, we will be organising a private investor meeting in Dubai & Riyadh to introduce pre-screened Middle Eastern investors to pre-qualified US healthcare investment opportunities.
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