Project Insight: Healthcare Construction Projects, Middle East And Africa
- September 2018
- 36 pages
Many countries in the Middle East and Africa region are still far from being able to offer universal health coverage, as measured by a World Health Organization index of access to 16 necessary services. An aging population in the Middle East could push up demand across the regions healthcare industry, but a focus on technology-focused healthcare delivery models, which allow for easier access to medical advice and care, has begun easing the constraints of the traditional delivery model and driving investment in digital healthcare.
GlobalData is currently tracking healthcare construction projects in the Middle East and Africa with a total value of US$51.61 billion, which includes projects from the announced to execution stages. According to GlobalData, a total of 58 hospital projects are already underway in the Gulf region, worth about US$37.30 billion and are expected to add around 40,500 hospital beds to existing capacity. Saudi Arabia leads with the highest value project pipeline, with a value of US$16.6 billion, equivalent to 44.5% of the GCC total and 32.2% of the regional total.
The overall project pipeline is led by the execution stage, with a total value of US$29.44 billion, followed by projects in planning with US$12.41 billion. Projects in the pre-execution stage amount to US$9.2 billion, while those at the pre-planning stage total US$577 million. Assuming all projects proceed as planned, spending will reach US$8.4 billion in 2018 and US$9.2 billion in 2019.
GlobalData is currently tracking healthcare construction projects in the Middle East and Africa with a total value of US$51.61 billion, which includes projects from the announced to execution stages. According to GlobalData, a total of 58 hospital projects are already underway in the Gulf region, worth about US$37.30 billion and are expected to add around 40,500 hospital beds to existing capacity.
- Saudi Arabia leads the Middle East and Africa for value of projects, with US$16.6 billion, followed by Kuwait with US$8.43 billion. United Arab Emirates and Iran follow, with projects with a value of US45.84 billion and US$2.77 billion respectively. The highest placed African country for project values is Ghana, with a value of US$2.2 billion followed by Kenya with a value of US$1.47 billion.
- The highest-value health projects are in Saudi Arabia, some of the high-profile projects include the US$3.4 billion Jeddah Security Forces Medical City Development and the US$3.39 billion Riyadh Security Forces Medical City Development; both are in execution phases with a bed capacity of 1,864 and 1,668 respectively. At a size of 500,000 sq-m, Riyadh Security Forces Medical City is the most significant healthcare project undertaken in the Middle East. The highest value project in Africa is the US$650 million Abuja Medical City Development in Nigeria.
- Based on the data available on the capacity of new projects, in terms of beds, the project pipeline in the Middle East and Africa will provide a total of 71,410 beds, with Saudi Arabia having the highest number at 18,813, followed by Kenya and Iran with 7,025 and 5,555 respectively.
- The report provides detailed projects analysis, information and insights based on all major healthcare buildings projects in the Middle East and Africa.
- The report provides detailed metrics on health construction projects (as tracked by GlobalData) split by country, type and value. Detailed metrics are also provided for the top 10 countries.
Reasons to buy
- Gain insight into the development of the healthcare buildings construction sector in the Middle East and Africa.
- Assess all major projects by value, start date, scope and stage of development in the Middle East and Africa region and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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