Most undervalued stock, page-16

I understand where Karasco58 is coming from .... personally any income that will come from a new source is welcome until we stop burning cash .. the territory its self needs to be addressed as every other one will in time our product will be sold in every global market..

But MENA offers a pull and push opportunity specially when the visitors are wealthier and mostly likely better connected

Middle East

Dubai

• According to Alpen Capital Investment Banking, UAE’s medical tourism sector is growing strongly and reached $1.69 billion in 2013. Dubai Healthcare City (DHCC) is one of the largest healthcare tourist destinations in the region. According to DHCC, they handled around 500,000 patients in 2011, 20% of which were medical tourists.⁵⁶
• Healthcare spending in the UAE is expected to reach 11 billion USD by 2015, while medical tourists are set to cross the 20 million mark for the same period.⁵⁷
• The Dubai Health Authority has its eyes set on attracting 500,000 medical tourism patients a year and plans to build 22 hospitals, boosting the national economy by up to Dh2.6 billion (700 million US) by 2020. Achieving that ambitious goal would make Dubai a major center for medical tourism in time for when the United Arab Emirates territory hosts World Expo 2020.⁵⁸
• Dubai has 2,518 health facilities and more than 70 percent of hospitals have international accreditations.⁵⁹
• Due to the medical tourism initiative and its implementation, the sector generated $1.6 billion (Dh5.8 billion) for Dubai in 2012.⁶⁰
• In 2012, an estimated 107,500 medical tourists came for treatment at Dubai’s 23 hospitals, five day surgery facilities and 1,181 clinics. The figure is growing at a compound a rate of 15 percent, according to Dubai Health Authority. At the Dubai Healthcare City (DHCC) about 15 percent of the total patients are medical tourists. In 2013, DHCC catered to 1 million patients, up from 400,000 in 2010.

Jordan

• Jordan has 64 private hospitals that treated 250,000 non-Jordanians in 2013. ⁵⁶¹
• An estimated 250,000 medical travelers visited Jordan in 2013. Average medical traveler expenditures were $115 per day in 2013. Medical travel contributed an estimated $2.68 billion to the economy in 2013, a 25 percent increase over the previous year.
• According to the International Medical Travel Journal in Jordan there was an influx in 2012 of some 250,000 patients accompanied by 500,000 friends or relatives, generating more than $1bn in revenues. ⁶²
• In 2010 around 90% of Jordan’s medical tourists came from the MENA region,” said Dr Awni Al Bashir, president of the Private Hospitals Association (PHA). ⁶³

MENA has no standardized definition; different organizations define the region as consisting of different territories. The following is a list of commonly included countries and territories.^[1][9]

• Algeria Bahrain Egypt Iran Iraq Israel Jordan Kuwait Lebanon Libya Morocco Oman Palestine Qatar Saudi Arabia Sudan Syria Tunisia United Arab Emirates Yemen

Sometimes also included in broader definitions of MENA:^[10][11]

• Afghanistan Armenia Azerbaijan Chad Cyprus Djibouti Eritrea Georgia
• Mali Mauritania Niger Pakistan Sahrawi Arab Democratic Republic(disputed) Somalia South Sudan Turkey

The some of the whole has more potential than what might first be thought ...  sales from MENA  was also my only question I asked that was kindly tabled for me at the AGM ....