Brand View: Dr Ibtesam Al Bastaki, director of Investments and Private-Public Partnerships Department at the Dubai Health Authority, outlines the benefit of the recent Health Investment Guide
Can you outline the key aims of the Health Investment Guide?
The healthcare landscape in Dubai has developed significantly over the past decade and will keep getting more specialised in the future. With the support we offer investors, I am optimistic we have a healthy future ahead where the government can work closely with the private sector to further develop and support a robust and sustainable health system.
The Health Investment Guide lists the advantages of investing in Dubai and presents a snapshot of the health system in Dubai, with key trends on patient volumes and spending. The guide also provides investors real time information on demand for services, supply and capacity gaps and supports them with information that is critical to their investment mandates and plans.
What are the main points covered by the guide?
The Dubai Health Investment Guide is broken up into different segments. The first details the drivers underpinning the growth of healthcare demand in Dubai, such as a growing population, a strong and diversified economy, a stable and attractive investment climate, a rising burden of disease and prevalence of chronic diseases and a rise in health tourism, among others.
Secondly, the guide provides an overview of health regulations and any upcoming changes and initiatives relevant to investors.
Thirdly, the information maps out the investment journey for different types of facilities, while also highlighting the investment needs and priorities for outpatient care units, acute inpatient beds and specialized services including long term care and critical care beds for 2020, 2025 and 2030, based on comprehensive analysis of demand and supply projections in line with the Dubai Clinical Services Capacity Plan 2018-2030.
Lastly, the guide provides details on Dubai’s free zones, focusing on the key initiatives by the Dubai Health Authority and Dubai Future Accelerators programme.
What are the main advantages of investing in Dubai’s healthcare industry?
Dubai leads the way for private sector participation in healthcare in the MENA region. In line with the vision of Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, private sector healthcare providers account for over 75 percent of outpatient services and over 65 percent of inpatient services in the emirate.
Dubai’s also enjoys excellent infrastructure and a competitive, investor-friendly business environment. Combining Dubai’s position as a global and regional hub for innovation and talent, with new investment initiatives by government and government-related entities, the emirate offers huge opportunities for private sector providers to participate in the emirate’s next big leap in sustainable growth.
How much has this sector grown in the past few years?
Dubai’s health sector has seen tremendous growth over the last few years, with number of licensed health facilities growing to 3,100 by April 2018 from approximately 2,800 facilities in 2014 with an approximate year-over-year growth of 4%.
This increase includes private hospitals, specialised health centres, pharmacies, diagnostic centres and dental centres.
The growth we see is supported by a rise in population, rising utilization of health services specifically in the private sector, the implementation of mandatory health insurance which has seen approximately 98% of Dubai’s resident population covered by health insurance as of September 3, 2018.
Brand View allows our business partners to share content with Arabian Business readers.
The content is supplied by Arabian Business Brand View Partners.