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The Kingdom of Saudi Arabia (KSA) is expected to experience economic growth despite oil price complications due to its economic diversion from the oil industry to other industries, with initiatives and strategies that encourage private sector participation. Apart from robust economic growth, the region s business environment will also change radically with the emergence of new business models. This is particularly prominent in the healthcare industry, which is undergoing a digital transformation to make healthcare more accessible.
The KSA accounts for about 60% of the healthcare industry s revenue in the Gulf Cooperation Council (GCC). With rising awareness among consumers and the shortage of skilled resources, demand for technology and digitization in the healthcare industry is higher than ever. Upgrading healthcare infrastructure and investing in start-ups will open doors for competition and make quality healthcare more affordable.
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