Saudi Arabia to invest $66 billion in healthcare infrastructure by 2030

RIYADH: Saudi Arabia plans to invest SR250 billion ($66.67 billion) in healthcare infrastructure and boost private sector participation from the current 40 percent to 65 percent by 2030, according to a new Gulf Cooperation Council (GCC) report published on Sunday.

The report forecast the Kingdom’s population will grow from 34.3 million in 2019 to 39.4 million by 2030 and estimated that the number could rise as high as 45 million by 2050.

Published by the UAE’s Mashreq Bank and international research firm Frost & Sullivan, the report revealed strong growth in the GCC healthcare sector, driven by a surge in medical devices, a growing branded generics market and increased investment in infrastructure and innovation.

The report…

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