Saudi Arabia Woos U.S. Investors for Its Health Care Services
- Government to corporatize hospitals, primary care centers
- Health minister says medical device orders haven’t slowed
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Saudi Arabia is seeking foreign investment in its health care industry as it plans to turn hundreds of government-owned hospitals and thousands of primary care centers into better-run corporations, Health Minister Tawfig Al-Rabiah said.
Nearly 80 percent of health care in Saudi Arabia is provided by the government, Al-Rabiah said in an interview in Boston. But the kingdom “is trying to move the private sector to invest more,” he said at a gathering that attracted executives including General Electric Co. Chief Executive Officer Jeffrey Immelt.