Healthcare Investment in KSA

Analysis

The healthcare sector in the Kingdom of Saudi Arabia (“KSA”) is the largest in the Middle East and has huge potential for further development.

Partly responsible for this is KSA's population growth rate, which is the highest in the GCC. The healthcare sector in KSA is made up of many industries - from medical devices and pharmaceuticals to hospitals and health care information technology (“IT”). Healthcare investment in KSA can potentially reap vast rewards and this article will explore the subject in more detail. 

Current Climate in Saudi Arabia

Saudi nationals are entitled to free health care, which is also available to religious pilgrims. However, in 2014, the government announced that nationals working in the private sector would no longer be able to access free treatment in government hospitals. This announcement was expected as all Saudi nationals in the private sector must have private health insurance provided for by their employers. This is the same for expatriate workers, whose employers must provide private health insurance for them and their dependants within KSA.

The high demand for healthcare services, which is continuously increasing in KSA, is largely due to the following factors: