Business & Money | Sunday 26 June, 2016 12:22 pm |

Saudi Arabia’s healthcare sector is showing promising growth, with job demand for skilled healthcare professionals leading the charts above all other sectors, with an increase of 18 per cent year to date in May 2016, according to the latest Monster Employment Index.  The rise in demand for healthcare professionals reflects the Kingdom’ ambitions to modernize and diversify its economy away from oil through a closer focus on Digital health care innovations.  

 

“Our latest employment index mirrors the Saudi Vision 2030 and National Transformation Plan, coupled with the Ministry of Health’s National Healthcare Project and National e-Health Strategy,” said Sanjay Modi, Managing Director – APAC and Middle East, Monster.com. “Already the Saudi health care market is the largest in the GCC, and with the Saudi government’s pledge to transform the healthcare sector, making it more digitally advanced, we project even faster growth and job creation in the near future.” 

 

According to a recent report by Alpen Capital, in fact, the Saudi Arabian health care market is anticipated to grow by 69 percent from $16 billion in 2015 to a size of US$ 27.4 billion already in 2020. 

 

As part of Vision 2030, the government is increasingly partnering with the private sector not just to bear the costs of overall health care expenses, but also to better compete on the global arena. To garner more real-time, data-driven insights that can support the country’s innovation drive, hospitals are already starting to partner with global enterprise software companies, such as SAP. 

 

The Monster Employment Index is a monthly gauge of online job posting activity in Middle-East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.