Health Tourism Investment at Croatian Island of Brac
- New Europe Investor
- June 13, 2015
As Croatia emerges from a six year economic recession that affected the construction industry massively, the Island of Brac is to see an investment in to a huge new health tourism development.
The foreign funded project is to cost €920 million. It is believed the money is coming from a fund based in Malta.
Work on the development is expected to begin next year with the completion of all facilities not expected until 2021.
When in use, it will employ over 1,300 people in a variety of health professional and administration rolls.
Croatian newspaper, Poslovni states that it will transform the Island and is therefore receiving large amounts of support from planning authorities.
Health tourism is booming in Europe’s new accession countries. This is primarily because health insurance premiums in western countries are rising well above inflation every year.
Island of Brac
The Island of Brac is off the southern coast of Croatia. In terms of size, it is the third largest island in the Adriatic and has a population of 14,000 people.
Not surprisingly, its primary industry is tourism. However, fishing and agriculture also play an important role in the local economy.