The global healthcare was steadily growing at an average of 4 % annually until the onset of COVID-19. The market until 2019 was driven by the North American and European countries. China, Japan and Australia were the next biggest geographies contributing to revenue and opportunities globally.
The GCC has long been characterized by strong economies powered mainly by oil revenues. However, falling oil prices from late 2019, compounded by the COVID-19 crisis, have significantly impacted member countries’ economies in 2020.
Public Private Partnerships (PPP) are contractual arrangements between a public and one or more private players that create opportunities for sustainable collaboration.