(MENAFN) Contracts for new medical facilities across the GCC are expected to reach USD9.53 billion by the end of 2014, an increase of 25 percent compared to 2013.
Dubai plans to attract 500.000 patients for treatment by 2020 as part of its plan to become a center for medical excellence in the region.
This plan prompted Dubai to start planning to build 18 private and 4 public hospitals in the next few years.
The UAE doubled its health care budget since 2007 and currently ranks among the top 20 destinations for medical tourism, with the sector's revenue hitting USD1.69 billion in 2013.
Meanwhile, Saudi Arabia is expected to triple its healthcare spending. The Kingdom is currently spending more than USD23 billion in improving its hospitals and medical facilities.
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