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Sun 23 Sep 2012 05:50 PM

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Qatar invests $192m in 2012 healthcare fit-outs

New research also shows Gulf state has $2.4bn healthcare projects set for completion

Qatar invests $192m in 2012 healthcare fit-outs
Healthcare, medical clinic, doctor, nurse generic

Qatar, with an investment of $192m, and Saudi Arabia ($145m) have bagged the largest shares of the healthcare interiors contracting and fit-out segment in 2012, according to latest research.

Investment by the two countries have seen them surging ahead of UAE and Oman investments of $119m and $13m respectively, said a report by Ventures ME.

The growing market of Qatar is the emerging leader in terms of project completion, with total healthcare projects worth $2.4bn expected to witness completion by year end, the report added.

This represents a 40 percent share of the total GCC medical projects expected for completion in 2012.

Saudi Arabia and UAE healthcare projects expected to complete in 2012 are worth $1.8bn and $1.49bn respectively, ranking as second and third largest spenders of healthcare in the GCC, the study showed.

Oman, Kuwait and Bahrain make up the balance with 3 percent, 1 percent and 1 percent respectively of the total GCC market.

The interiors contracting and fit-out developments in the GCC healthcare sector is estimated to earn $474m on projects worth $5.9bn this year.

"The new data confirm that investments in the GCC interiors contracting and fit-out market remain healthy across various sectors," said Frederique Maurell, event director of the Index International Design Exhibition, which commissioned the research.

More than 900 companies will be present at the exhibition to be held in Dubai later this month.

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