Fahad Al-Jalajel

Saudi Arabia’s Health Minister, Fahad Al-Jalajel revealed the nation’s plan to introduce a state-funded insurance scheme for all citizens by 2026. The National Insurance programme, set to provide lifetime coverage, will be devoid of renewal needs, or prior approvals, as per reports by the Saudi Gazette.

During a speech at the Riyadh Health Forum, Al-Jalajel anticipated a five-fold rise in private health insurance owing to demographic growth, premium residency holders, and a spike in tourism. The health sector overhaul intends to cater to the expanded population while boosting private sector participation. The private sector’s involvement in healthcare delivery is projected to leap from 20 per cent to 50 per cent.

By 2024, all health cluster governance will shift from the Health Ministry to the Health Holding Company, signaling a significant industry overhaul. Al-Jalajel presented investment prospects in healthcare, forecasting a staggering SR330 billion investment by 2030. The health sector’s GDP contribution is expected to hit SR318 billion by 2030, with the private sector contributing SR145 billion.

Moreover, road safety statistics show a decline in road accidents, and there’s been a notable decrease in premature deaths from chronic illnesses. On a progressive note, the inauguration of the Saudi Center for Proton Therapy was declared. Located at King Fahad Medical City, this pioneering facility aims to elevate medical tourism standards in Saudi Arabia.

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter , Instagram.

Related News