Feasibility Study: Development of Medical Resorts for the Elderly
Feasibility Study: Development of Medical Resorts for the Elderly
The project aims to develop integrated medical resorts specifically designed for the elderly, combining luxurious accommodation, specialized healthcare, and social and recreational activities in a safe and serene natural environment. The target audience includes individuals over 60 years of age, both domestic and international health tourists, who seek stable, healthy living with advanced care services.
The resorts will be located in areas known for mild weather and attractive natural landscapes—such as Asir, Taif, or the outskirts of Riyadh—with future potential for expansion into other health tourism destinations across the Kingdom.
Study Content
Target Products and Services
Target Products and Services
The project offers a comprehensive range of medical and lifestyle services tailored for the elderly, including:
1. Accommodation and Healthcare
Luxurious rooms designed for elderly comfort
24/7 nursing and personal care
On-site diagnostic and physical therapy units
2. Specialized Health Services
Post-surgical rehabilitation programs
Hydrotherapy and physiotherapy
Treatment for chronic aging-related illnesses such as Alzheimer’s, diabetes, and heart disease
3. Social and Recreational Activities
Group sessions to enhance mental well-being
Gardens and walking trails
Creative workshops and cultural activities
4. Tourism and Special Services
Light local excursions
Nutritional programs supervised by dietitians
Gentle fitness sessions: yoga, breathing exercises, therapeutic swimming
Market and Demand Analysis
Market and Demand Analysis
1. Growing Elderly Demographic
Statistics show a steady rise in the elderly population in Saudi Arabia and the wider Middle East due to longer life expectancy and better healthcare. This demographic is expected to double within the next decade, increasing demand for tailored care services.
2. Market Gap in Specialized Medical Resorts
While there are basic care facilities, high-end medical resorts offering integrated therapeutic and hospitality experiences remain rare in the region, presenting a significant market gap.
3. Rising Demand for Medical Tourism
Families in neighboring GCC countries (Kuwait, Qatar, Bahrain) increasingly seek long-term care facilities for elderly family members in comfort-driven environments. Saudi Arabia, with its advanced medical infrastructure, is an ideal destination for this niche.
Investment Advantages
Investment Advantages
Sustainable demand from a steadily growing age group
Low market competition on both local and regional levels
Government support for healthcare projects under Vision 2030
Exportable services through inbound medical tourism
Scalability across various locations in the Kingdom
Stable operational model, as residents tend to stay for extended periods, ensuring financial consistency
Project Strengths
Project Strengths
Expected capital ranges between 60 to 85 million Saudi Riyals, depending on the location, area, and number of units.
The expected Internal Rate of Return (IRR) ranges from 13% to 17% annually.
The estimated payback period ranges between 5 to 6 years.
These indicators are calculated based on a prototype resort model that includes 80 residential units, a fully integrated medical clinic, and a specialized medical and recreational operations team, with an annual occupancy rate starting at 50% and reaching 80% by the third year.
Financial Indicators
Financial Indicators
The project enjoys several competitive advantages that enhance its potential success:
Strategic Location: Resorts will be built in peaceful areas with elderly-friendly climates.
Integrated Services: The combination of healthcare, hospitality, and recreation in a single venue.
Elderly-Oriented Design: All facilities are tailored for senior comfort, safety, and ease of mobility.
Profitable Business Model: Consistent revenue streams from long-term stays and specialized care programs.
Diverse Client Segments: Targeting locals, residents, and international health tourists.
Flexible Pricing: Offering both economy and luxury packages to suit different income levels.
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