Wednesday, January 13, 2016

It seems as though Saudi Arabia is interested in privatizing some of it's public interest programs.

13 January 2016
By Arab News

Jeddah: Privatization (click here) of the country’s public health sector would improve services for the nation’s people and save costs, according to a Ministry of Health doctor.
Saleh bin Suleiman Al-Harbi, a family medicine consultant at the ministry, said there would be much more efficient use of the ministry’s property and assets, which are worth nearly SR80 billion.
In reference to Deputy Crown Prince Mohammed bin Salman’s recent interview with The Economist about plans to privatize some sectors of economy, including health, he said this would ensure greater productivity and transparency, and eliminate wastage of medicines.
Al-Harbi said the Kingdom, like other countries, is seeing an increase in health service costs, with about 10 percent of its annual budget going to health provision, or about 5 percent of the country’s Gross Domestic Product. Government spending represents about 70 percent of total spending on health care, he said.lll...