Much discussion of Jordan’s economic potential focuses on the mining and processing of minerals, but knowledge sectors like pharmaceuticals may offer a more effective tonic for the economy.
The Middle East Health
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Rising demand for health care combined with the graduated introduction of the National Health Insurance Scheme (Seha) look set to boost Qatar’s nascent pharmaceuticals and medical products segment.
A two-pronged drive to tackle the rise of lifestyle diseases in Oman and broaden the range of medical facilities available locally has put the country’s health care services on course for rapid growth.
As Kuwait moves forward on health care reforms aimed at expanding service provision for its rapidly growing population, the private sector is set to play a more prominent role in the industry. While free health care is guaranteed to all Kuwaiti citizens, population growth has put considerable strain on state-owned facilities. The government has recently announced a number of new projects slated to be constructed across the country, with public-private partnerships (PPPs) expected to bolster service quality and provision for Kuwait’s 3.25m residents.
A flurry of new deals signed in the first quarter of 2014 are set to push up trade between Bahrain and India, while also paving the way for the Kingdom to continue expanding its health care sector and pharmaceuticals industry.
Health services in Qatar are in the midst of transition, with a new national health insurance scheme progressively being implemented. While government officials maintain the system will improve medical outcomes and efficiency, the private sector has objected to their limited responsibilities under the new regime.