Dubai Healthcare City Authority Forecasts Robust Growth in UAE Healthcare Spending

Dubai Healthcare City Authority Forecasts Robust Growth in UAE Healthcare Spending

By Staff Writer, 30 January 2024

In a recently released report on Monday, the Dubai Healthcare City Authority (DHCA), overseeing the Dubai Healthcare City (DHCC) free zone, projects a substantial expansion in healthcare spending within the UAE in the next five years.

The sector's total expenditures are expected to surge to AED126 billion ($34 billion) by 2027, with a predominant contribution from the public sector.

The report highlights that public sector spending is set to reach AED104 billion in three years, boasting a Compound Annual Growth Rate (CAGR) of 7.5%, while the private sector is predicted to see an 8.8% growth, reaching AED22 billion.

Notably, the Dubai Healthcare City, dedicated to medical care in the Middle East, is emerging as a magnet for investments.

Investments totaling AED1.03 billion have been attracted to Phase 2 of the free zone since 2019, offering 22 million square feet of mixed-use commercial and residential space, along with facilities for hospitality and healthcare.

The workforce within the free zone has expanded from 10,000 in 2021 to 11,500 this year.

Housing 481 facilities, including advanced diagnostics, specialized treatments, and surgical procedures, the free zone proudly hosts the regional headquarters of 130 global companies.

Titled "Dubai’s Healthcare Ecosystem Highlights," the report was unveiled at Arab Health 2024, the region's largest healthcare event.

This event, which commenced on Monday in Dubai, aims to build on the AED6.65 billion ($1.81 billion) in deals secured during the previous year's exhibition, showcasing promising growth indicators in the emirate's healthcare sector.

Source: Cleofe Maceda / Zawya

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