Already an indispensible part of the health care sector in the emirate, private medical care is ready to enter into a new and even more mature phase. Among the factors driving its growth are a new health insurance law that is being rolled out over the next several years, which will bring millions of new domestic customers to the private market....
In the closing weeks of 2013 the Dubai Health Authority (DHA) announced the details of a long-anticipated new health insurance mandate. Based on an employer-provided benefit model, the new regulation stipulates that by October 2014 companies that have more than 1000 employees will be required to provide health insurance to their staff.
As it seeks to become a centre for medical tourism, Dubai is entering into a mature and competitive market, but also one with positive growth trends and increasing demand. According to consulting firm McKinsey & Co, medical tourism was estimated to be a $100bn global industry in 2012, and many countries throughout the world have registered...
As the emirate leverages its diverse leisure activities and central location, medical tourism looks set to grow beyond the $1.69bn in revenue earned in 2012. A number of health and pharmaceutical groups are eyeing Dubai as a regional centre, owing to its well-developed transport and communication links and ongoing advances in technology and research. Insurance is not currently required by law...
The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current agenda.
Over the past 40 years, Oman has enacted a series of five-year investment and development plans that have facilitated the rapid modernisation of the country’s health care system. Indeed, since 1970, Oman has increased its number of public hospitals from two to 50 and now hosts 10 private hospitals as well. Today, in the midst of the eighth five-...
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