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30.05.24 10:30
Economics

Healthcare industry in Gulf Cooperation region is expected to be worth US$135 billion by 2027

Rising investor confidence is fueling this expansion

The source claims that as long as the Gulf states persist in changing the industry in accordance with their ambitions for economic diversification, investors will become more positive about the healthcare business in the area. This is reported by Arab News.

With the growth of clinical capabilities, digital transformation, human capital development, and innovative healthcare centres, the Gulf states are spearheading the transformation of this vital industry.

As per the source, an increasing number of regional players operating in the healthcare domain of the Persian Gulf nations are procuring domestic enterprises or global brands in order to expand their business portfolios and modify their business strategies.

According to reports, the UAE has also started to place priority on enhancing the health and wellbeing of its people.

Photo: iStock

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