The Finance World Magazine| Edition: April 2023

Healthcare
The UAE’s Healthcare sector to see
significant growth and expansion in 2023
The healthcare industry in Dubai is expected to undergo significant growth in
the coming years. The Dubai Chamber of Commerce and Industry has predicted
a 7.5% yearly increase in revenue for the entire UAE healthcare sector, leading to
a total of $10.7 billion by 2025. Moreover, healthcare expenses are estimated to
increase to 4.6% of the GDP by 2026 and 5.1% by 2029.
The healthcare industry in
the UAE is experiencing
remarkable growth due to
increasing efforts by the
government. The government is actively
enhancing and expanding the healthcare
system to establish a high-quality worldclass
infrastructure. Additionally, the
private sector is being encouraged to
participate in upgrading the current
infrastructure and providing services
that are on par with those offered in
developed nations.
Recent healthcare events held in
the UAE demonstrate the country’s
unwavering commitment to expanding
and enhancing this critical sector. The
UAE government has been actively
supporting healthcare events and
implementing initiatives aimed at
attracting foreign investment and
expertise to the healthcare industry.
These efforts include the opening of the
Arab Health Exhibition and Congress
2023 in Dubai by His Highness Sheikh
Mohammed bin Rashid Al Maktoum,
Vice President and Prime Minister of
the UAE and Ruler of Dubai.
Speaking on the occasion of the
event’s inauguration, His Highness
Sheikh Mohammed bin Rashid said,
“Consistent with our unwavering drive
for excellence, we continue to transform
44 www.thefinanceworld.com April 2023