Mubasher: Dividend Gate Capital (DGC) seeks to strengthen its healthcare portfolio in the GCC region through acquisitions and partnerships of fast-growing healthcare institutions, including Specialized Eye Centers, Medical Residency Screening Centers, and Rehabilitation Centers for people with limited disabilities.
As market demands grow and the workforce matures for development, the health sector presents promising opportunities for regional and foreign investors, according to a recent press release.
The Gulf population is projected to reach 76 million by 2050. Healthcare spending in the GCC soared by about 27% between 2013-2019 and is expected to reach $165 billion by the end of 2023. Domestic spending in Bahrain could reach $2.684 billion by 2025, 59% of which will be government spending and is likely to hit SAR 260.7 billion by 2025 in Saudi Arabia.
Khaled Al Hammadi, CEO of Dividend Gate Capital, commented: "We recently invested in Al Hokama Eye Specialist Center due to proven business and service models in a market that is growing at a significant pace with rising spending on eye services in and healthcare in general. Al Hokama will also benefit greatly from key industry and macro trends.”
Increasing issues related to eye health in KSA have led to an increased demand for ophthalmologists and specialised clinics for treatment and diagnosis. Saudi Arabia also ranks seventh globally in the incidence of diabetes. Consequently, plans have been initiated to strengthen local eye health facilities to provide priority surgeries to patients with diabetes-related eye diseases such as cataracts and glaucoma.
The private sector is expected to play an increasingly key role in the Kingdom's healthcare sector in tandem with the diversification efforts under Saudi Vision 2030 and the adoption of a public and private partnership model.
