Across the region there is an increased focus on healthcare and rightly so. According to healthcare projections the value of the region’s healthcare market will reach between US$90 billion and US$130 billion by 2020 (Source: Middle East Insurance Review, October 2017). There has been a particular interest in the Kingdom of Saudi Arabia (KSA) market as a result of Vision 2030 which seeks to reshape the Kingdom and boost what is the Arab world’s largest economy.
As one of the region’s few genuine full service law firms, our combination of skills, expertise, experience and network of connections allow us to act as a ‘one-stop-shop’ for healthcare clients for all of their legal needs in the MENA region. We have explored current topical issues and market trends to give you an insight into the challenges facing the healthcare sector and bring to you in this edition of the healthcare newsletter some of the issues that are currently being faced by the healthcare industry covering:
Personnel aspects of Medical Malpractice in the UAE According to the Dubai Health Authority (DHA), the body that regulates and licenses the private and public sectors of the medical services industry in the Emirate of Dubai, Dubai’s medical tourism market was worth AED 1.4 billion in 2016, marking a 9.5% increase over previous years.
Spotlight on Healthcare Financing Across the region there is an increased focus on ensuring citizens and residents have access to quality healthcare. Certainty around who will pay for healthcare services is a key factor for those investing in the sector.
Medical Malpractice laws & processes in the Kingdom of Saudi Arabia As the Kingdom of Saudi Arabia (KSA) sees a change of culture quickly taking place, the medical malpractice landscape continues to develop with claim frequency and severity gathering apace. In this article, we look at the current medical malpractice regime in the KSA and the sorts of medical malpractice claims and trends that are emerging.
Prospect of full foreign ownership in the healthcare sector in the Kingdom of Saudi Arabia It has recently been announced that the Saudi Arabian General Investment Authority (SAGIA) has declared that foreign investors may be able to have full ownership of companies within the healthcare sector in the near future. We look at the effects of this and include a short video of our Saudi Arabia Symposium which gives key insights on KSA from market experts with a real focus on opportunities provided by the privatisation programme.
We would be delighted to discuss any of these issues with you in greater detail and hope you enjoy the read.