The destiny of a high profile project that is international suggests troubled times for the healthcare building projects of Dubai. Dubai’s third-largest property firm may cancel a suggested Formula 1 theme park when it fails to obtain government cash or exploit debt markets.
The project deadline to the theme park is already postponed. The plan was to finance the park together with the selling of houses, but UAE property markets have dropped and banks are unwilling to contribute to the land sector.
Marriott International’s global expansion plans over the subsequent five decades of 30 new hotels in the Gulf region, such as 17 new hotels in the UAE, nine in Saudi Arabia, three at Qatar and also one in Bahrain. But structure is not likely to be soon as the international economic downturn hits, together with the UAE’s hotel trade is suffering more than other Gulf nations. Room rates have been reduced by UAE hotels in a bid to provoke company.
The health tourism sector in UAE is not resistant to the international financial crisis either.
Really, Dubai’s effort to take business from Asian health destinations such as India by producing local brands to entice international patients maybe in jeopardy. DeveloperTatweer has apparently put some jobs in its key job Dubai Healthcare City (DHCC) on hold.
The most well-known medical tourism job in the Middle East, DHCC is made not just to entice health tourists but also to decrease the need for residents to traveling abroad to receive high excellent treatment.
Although the government-owned business is keeping quiet about exactly what it is or is not doing, details of some future jobs have disappeared from the DHCC site, and also the only survivor no longer provides anticipated completion dates.
The current debate is if in rough times, medical marijuana will probably accelerate in countries that offer lower price, or a scarcity of cash will lessen the demand for non life threatening surgeries such as cosmetic surgery, dentistry, and Lasik/laser processes. Dubai’s problem is that by selling itself as a high-cost, high quality destination, it sheds out whichever argument is accurate. Healthcare tourism isn’t recession proof, and also new destinations will find it harder than ever to break into the industry.