Muscat, The Ministry of Health (MOH)
represented by the department of Investment & Financing Alternatives
(IFA), in collaboration with the Public Authority for Investment
Promotion & Export Development (Ithraa) will conduct this Wednesday
a symposium on Investment in the Health Sector (opportunities &
aspirations) under the auspices of Nasser bin Khamis al-Jashmi,
Undersecretary of the Ministry of Finance (MOF) at the Crown Plaza
hotel.
The Symposium will highlight the significance of investment in
health sector for the Sultanate by hosting group of investments experts
and specialists addressing the most prominent challenges facing this
sector. It further aims at outlining the available investment opportunities
in the health sector through the provision of medical services or
pharmaceutical industry and biomedical technology. By organizing this
symposium, the Ministry aspires to facilitate investment related
procedures in the Sultanate’s Health sector.
The health sector is one of the main pillars of economy worldwide
since it has direct bonds to people’s life from one side and from
another side the development of any health system is associated with
citizens’ prosperity in social and economic aspects. Over the past
decades, the health sector in the Sultanate has experienced
accelerating growth, which affected positively on the economy’s annual
growth rate in general. The high growth rates in the Sultanate health
sector are expected to continue in the upcoming decades.
The health sector in the Sultanate is facing several challenges that
are seen in the rapid increase of population, which is expected to reach
7 million people by 2040. The Sultanate as well is experiencing
growing rates of non-communicable diseases such as diabetes,
hypertension, and heart diseases in addition to the complications
arising from these diseases that have led to doubling up of health care
costs thus affecting quality of healthcare provision.
The previous challenges are economically investment-oriented
prospects in healthcare sector by way of providing the fundamental
basis for profitability.
It is hoped that this symposium will come up with a number of
recommendations in order to encounter the current as well as the
future challenges regarding those facing the Sultanate health services
and approaching to expectations that would strengthen the partnership
with the private sector along with supporting and facilitating the health
sector investment.
Source:Oman News Agency