Glasgow Insights

  The  global medical tourism market  could grow to being worth more than $180 billion in the coming three years. A new study suggests that developing healthcare markets could seize on the trend to pick up lucrative patients from wealthy countries. The term ‘medical tourism’ has for some time been synonymous with reactionary myths regarding immigration. The theory went that swathes of internationals were flooding the health systems of countries like the UK or US in a bid to access healthcare unavailable in their home nations, free of charge. Claims that this was costing health systems arbitrary-millions per year were largely unfounded. However, as the under-resourced and neglected infrastructure of the US and UK health systems continue to buckle under lingering pressures from the pandemic, many residents there are, ironically enough, turning to health tourism. With waiting lists stretching out and preventing people receiving important treatment, and private systems becomi...

Four key sector   disruptors – technology, new OEMs , sustainability and a dip in light vehicle sales – have been identified as shaping the future of the automotive with a heightened sustainability focus now shifting the component landscape. The forecast by Vishal Pandey, automotive & mobility practice, Glasgow Consulting Group, was delivered at the recent Automechanika Dubai Network, a one-day hybrid gathering of the Middle East’s biggest industry players who explored shifts in the global automotive aftermarket industry which is expected to be worth $529.25 billion by 2028. Pandey told the gathering that a focus on autonomous driving, connected cars, electric vehicles, and shared mobility is changing the supplier product mix with a new emphasis on e-motor technologies and battery innovations and a shift away from body exterior and engine systems, suspensions, and wheels. He pointed to a rise in new electric vehicle OEMs who are helping generate an uplift in sustainability. Vis...

  Facilities Management (FM) service is a critical function of real estate management. FM comprises the tools and services that support the functionality, safety, and sustainability of infrastructure real estate. FM services can be categorized into hard and soft FM, based on the type of services required. Hard FM deals with physical assets such as plumbing, wiring, elevators, and heating and cooling, while soft services refer to the FM services delivered to ensure secure, health and pleasant work environment and are directly related to employees of the company. FM services can be performed inhouse by real estate/property owners/management companies or can be outsourced to single or multiple vendors. In Saudi Arabia, several integrated and bundled facility management service providers operate the FM market. These include: In-house providers Integrated FM providers Bundled FM providers Single FM providers FM service market in KSA is expected to grow by 38% in the next 4 years In 202...

 In 2022, Saudi Arabia’s ministry of finance approved a budgeted revenue of SAR1,045 billion, an increase of 12.1% over 2021. the growth is backed by improvement in domestic economy, coupled with positive trend in oil prices – a result of global demand increase and Ukraine conflict. The oil & gas sector is expected to remain a key source of revenue for government during 2022-2024; represented ~73% of total revenue in 2022. After witnessing turmoil in the oil-based economic growth for a decade (2010-2019), KSA is currently focused on transition. Over the next decades (2020-30), the Kingdom has envisioned a prosperous and self-dependent economy through its “Vision 2030 Program KSA vision 2030 under the National transformation program aims to contribute close to 80% of trade in retail sector through modern trade and E-commerce. KSA also plans to invest in US$ 100 billion in Logistic infrastructure The government’s efforts on economic diversification will gradually reduce the relia...