Mubasher: The Middle East’s healthcare sector is offering huge investment opportunities, as an amount as large as $200 billion is expected to be injected into healthcare industry infrastructure in five years, according to a statement released on Wednesday.

After a successful edition in 2019, Arab Health, a healthcare conference and trade show in the Middle East, is expected to maintain its success next year, with an expected delegate number of 5,000 an anticipated 4,250 exhibitors from more than 64 countries.

Arab Health stressed the significance of the event for the Middle East, announcing that $824 million worth of business was generated by exhibitors during the 2019 edition, according to a statement released on Wednesday.

Such success was evidenced by a report released by Colliers International Healthcare Analysis, which showed that the UAE’s healthcare spending grew at a compound annual growth rate (CAGR) of 8.8% between 2011 and 2019.

The GCC country’s spending on healthcare is expected to hit $2.4 billion by 2025 and $3.6 billion by 2030. Meanwhile, Saudi Arabia’s healthcare spending surged at a CAGR of 12% during the same period and is expected to reach $3.6 billion by 2030.

“Business confidence in the healthcare sector in the GCC and broader MENA region is understandably buoyant. Increases in healthcare spending from private and public sources are the most significant drivers, closely followed by rapid market and infrastructural growth,” exhibition director of Arab Health Ross Williams said.

Organised by Informa Markets, Arab Health 2020 is expected to attract 55,000 visitors. The event will be held from 27 to 30 January 2020 at the Dubai World Trade Centre and Conrad Dubai Hotel.