The transformation of GCC economies, attempting to break from the traditional oil based capital, has been underway for some time. Looking towards a knowledge and technology based portfolio has proven fruitful for a number of countries, particularly within the healthcare sector of the UAE.
Healthcare is one of the principle concerns facing the UAE; aging and growing populations, alongside a shift from predominantly public to a private sector paradigm, are just a small sample of the problems residing inside the current system.
Huge investments and development projects are underway all across the GCC, such as Hamad Medical Corporation’s announcement that Qatar will receive the nation’s largest expansion to both public and private resources in the country’s history. However, many projects are choosing to take note from foreign approaches to inform these new investments.
Intercare Health Center in Abu Dhabi are looking towards European systems, such as the NHS within the UK, in an attempt to bring together knowledge and technology based solutions, and relate them to the issues facing UAE healthcare. Seeking to adopt a holistic approach to healthcare practices, the centers aim to change the ways in which healthcare is experienced, focusing on shaping healthcare around the patient.
Examples of this desire to learn and adapt alongside foreign approaches is unsurprising, as current trends within the GCC’s healthcare sectors are proving fruitful, and it is expected that healthcare spending within the Middle East will continue to grow, potentially reaching $150 billion by 2020.
Diversifying into healthcare makes total sense for Middle Eastern investors, as the healthcare industry is constantly evolving, and creating exciting new technology every day. Whereas oil and natural resources may deplete, providing facilities for healthcare looks likely to remain a smart investment for decades to come.
There is a very visible hunger to learn and invest in foreign knowledge and technology, and a desire to connect with opportunities within the European market has the capacity to prove fruitful for all involved.
On October 31, 2017, Naseba will be hosting the 3rd MENA Private Equity and Venture Capital Summit in Dubai, United Arab Emirates. The primary focus of the summit is to offer a deal flow platform that will introduce representatives of sovereign wealth funds, traditional PE and VC firms, regional conglomerates and family-owned businesses to innovative business cases from around the world.
The summit will combine insightful panels led by key regional and international tech investors and experts and pre-scheduled introductory meetings between up to 30 healthcare, life science and ICT investment opportunities and key regional investors and strategic partners, to raise capital and form strategic and commercial partnerships, in an informed and exclusive environment.
To access the Middle Eastern investors and strategic partners submit your business case here,
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