Overview
Large youth base and a rapidly ageing population with prevalence of chronic diseases are expected to triple healthcare demand in the next 10 years.
Healthcare and Life Sciences Overview
The healthcare and life sciences sector represents one of the most attractive sectors in the Kingdom. Saudi Arabia currently has a population of 35 million, nearly 60% of whom are under the age of 35, representing an incredible market demand not just today, but also for the future. The healthcare and life sciences sector accounts for 17.7% of the country's budget expenditure in 2021, making it the Kingdom's third largest recipient of government funding.
New exciting opportunities await healthcare and life sciences investors, thanks to a growing marketing size and the government’s firm commitment to increase the private sector’s participation in the market through privatization and new healthcare financing models
Success Stories from the Healthcare & Life Sciences
‘’I've been all over Saudi Arabia and I think that the lessons here will be with me for the rest of my life. Saudis are happy to support entrepreneurs, people with an entrepreneurial spirit who want to contribute to society.’’
Company Name : NMC
Name : Michael Davis
Position : Chief Operating Officer
Sector name : Healthcare
‘’I think investors should carefully study Vision 2030 and they should evaluate to what extent the vision matches their own goals and strategies. If there is a match, the combination of world-class technologies with the local Saudi talent provides a great environment for the investment in Saudi Arabia to be successful.’’ – Asmus AngelKort, Vice President Finance , Fresnuis Medical Care
Company Name : Fresnuis Medical Care
Name : Asmus Angelkort
Position : Vice President Finance
Sector name : Healthcare
‘’My experience with the Saudi culture and Vision 2030 is that you the country rapidly progressing on a daily basis. Saudi Arabia welcome diversity, foreign visitors and investors. We're in Saudi Arabia for business, but also for pleasure.’’
Company Name : Fresnuis Medical Care
Name : Frank Wagner
Position : Executive Vice President
Sector name : Healthcare
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