GCC healthcare construction market grows at a steady rate

 22-Jan-17, Saudi Gazette

The healthcare construction market in the GCC appears to be growing at a steady rate as various high-value construction projects are being developed in the region.

Image: World Health Organization

There are 709 healthcare construction projects with a combined estimated value of USD65 bn, out of which 133 healthcare projects are each worth over USD100 mn. These projects make up almost 80% of all healthcare projects in the region. However, there are also many healthcare projects on hold, including Dubai healthcare City in the UAE, Bahrain Health Oasis in Bahrain and King Faisal Medical City in Saudi Arabia.

Saudi Arabia makes up approximately 53% of all healthcare projects in the GCC. The UAE has the second highest number of healthcare projects in region at 17%. Kuwait constitutes only 6% of all healthcare projects but in dollar terms, Kuwait makes up around 11% of all total project values in the GCC, because of several mega construction projects in the country.  

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