_How privatisation will drive investment in the Saudi healthcare sector
In April 2018, Saudi Arabia announced an ambitious privatisation plan, which includes 14 Public-Private Partnership (PPP) investments to be completed across 10 sectors, one of which includes healthcare by 2020.
رمضان 14, 1439
The key targets of the privatisation plan in relation to healthcare include:
- Updating and expanding primary care across Saudi Arabia.
- Providing additional rehabilitation and long-term care beds across the Kingdom through the creation of PPP structures.
- Planning for the establishment of additional medical cities.
- Preparing King Faisal Specialist Hospital & Research Center for privatisation and help it in achieving its leadership position through focusing on innovation.
- Updating and expanding laboratory and radiology services across the country in partnership with the private sector.
"Privatisation is a key focus area in the Saudi Vision 2030 and the National Transformation Plan (NTP)"
Strategic objectives stated for healthcare include:
- Privatisation of one of the two medical cities, through a Public-Private Partnership (PPP) scheme.
- Increasing private sector share of spending in healthcare through alternative financing methods and service providers
In the short to medium term, the healthcare space in Saudi Arabia presents itself as a sector with high growth opportunities. To ensure long-term success it is important to carefully study the market, identify gaps and be willing to continuously embrace technological advancement.