Saudi Arabia accounts for 60 percent of the Gulf Cooperation Council (GCC) countries’ healthcare expenditure, and the sector remains a top priority for the Saudi Arabian Government. In 2023, it will spend $50.4 billion on healthcare and social development – 16.96 percent of its 2023 budget and the second largest line item with education. The Saudi Arabian Government is targeting the healthcare sector for privatization.
Under Vision 2030, the Saudi Arabian Government plans to invest over $65 billion to develop the country’s healthcare infrastructure, reorganize and privatize health services and insurance, launch 21 “health clusters” across the country, and expand the provision of e-health services. Additionally, it aims to increase private sector contribution from 40 percent to 65 percent by 2030, targeting privatization of 290 hospitals and 2,300 primary health centers, creating significant commercial opportunities for U.S. companies in Saudi Arabia’s developing healthcare market. .
For more information, please read the full article: https://www.trade.gov/country-commercial-guides/saudi-arabia-healthcare
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