GCC spending $14 billion on new hospitals.As construction prices in the Middle East fall, the region's healthcare sector is not only surviving the global economic crisis,but is thriving with about $14 billion being spent on new hospitals and healthcare facilities,said an expert. There are currently more than 100 hospitals in the planning stage across the Middle East and Africa, said Simon Page,group director for Life Sciences at IIR IIR - Infinite Impulse Response Middle East,the organizers of Hospital Build. Hospital Build,to run from June 14 to 16 in Dubai,will bring investors,commissioners,backers and managers of major healthcare building projects together with planning, Design,building,operations, management and refurbishment suppliers. 'While so many industries are feeling the bite of the credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. ,healthcare projects remain relatively unaffected because of government support and a long term commitment to healthcare infrastructure growth, Simon pointed out. "Approximately $14 billion is being spent in the Arabian Gulf Arabian Gulf: see Persian Gulf. countries alone on new hospitals and healthcare facilities," he added. 'Towards the end of 2008, it was reported that some medical projects were postponed as a result of an increase in the cost of building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . .' 'Now, however, the cost of steel and cement have tumbled --approximately 70 per cent and 22 per cent respectively -- and many projects, such as the $1.9 billion first phase of the Cleveland Clinic Cleveland Clinic (formally known as the Cleveland Clinic Foundation) is a multispecialty academic medical center located in Cleveland, Ohio, USA. Cleveland Clinic was established in 1921 by four physicians for the purpose of providing patient care, research, and medical in Abu Dhabi Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. and the $572 million Mohammed bin
Rashid al Maktoum Sheikh Mohammed bin Rashid Al Maktoum (Arabic (محمد بن راشد آلمكتوم) (born 1949) is currently the Prime Minister and Vice President of the United Arab Emirates, as well as the Academic Medical Centre in Dubai Healthcare City The Dubai Healthcare City (DHCC) is one of the numerous specialised 'cities-within-a-city' in Dubai targeted at the healthcare and the pharmaceutical industries. Owned and developed by Dubai Holding under its subsidiary Tatweer, this US $ 1. are
progressing well," Page stated.
Burt Hill, one of the world's largest architecture, engineering,interior design and landscape architecture companies,will be taking part in Hospital Build to showcase their work on Al Mafraq Hospital, one of Abu Dhabi's oldest hospitals,which is being replaced with state of the art facilities using environmentally friendly and energy-efficient design elements. Burt Hill has been appointed to help deliver a 70 per cent increase in hospital rooms and triple the number of treatment rooms at the Al Mafraq hospital,part of the Abu Dhabi 2030 plan. The new hospital, with 690 beds, will recycle waste water,reduce electrical use with fiber optic interior sun-lighting,and incorporate extensive use of solar panels. Saudi Economic Survey. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion