The healthcare industry is a cornerstone of the global economy. At the U.S. Chamber of Commerce, we understand that a resilient, robust healthcare system is essential for maintaining public health, which in turn supports a strong workforce and increased economic productivity. In order for the healthcare sector to continue growing, innovating, and supporting the needs of the world’s population, collaboration between government, private sector, and other relevant stakeholders is vital.
This vital collaboration and partnership between government and business has proven essential in the Kingdom of Saudi Arabia. U.S. companies have been working side-by-side with Saudi partners for decades and have been integral to the transformation of the country’s healthcare ecosystem.
Under Vision 2030, the Saudi government plans to invest over $65 billion on healthcare and increase private sector contributions from 40% to 65%. Furthermore, the Ministry of Health expects more than 100 new public-private partnerships in the healthcare industry with an investment of $12.8 billion from the private sector over five years (2022-2027).
The U.S. Chamber of Commerce’s U.S.-Saudi Arabia Business Program has been dedicated to strengthening bilateral economic ties for nearly a decade. While our membership encompasses all sectors of the economy, it is a testament to the importance of healthcare in the U.S.-Saudi relationship that over a quarter of our member companies work in the healthcare space.
This report is intended to showcase the work of those companies in the Kingdom and demonstrate the commitment of the U.S. Chamber of Commerce and our members to partnering with the Saudi government and other stakeholders in delivering innovative solutions and the latest products and technologies needed to help the Kingdom continue to transform its healthcare ecosystem and deliver the best patient outcomes.
