DUBAI HOSPITALITY DEVELOPMENTS PICK-UP PACE

Organisers of the largest construction event in the Middle East reveal growth in both number and value of Dubai hospitality projects in 2018.

27 months to the grand opening of Dubai’s Expo, construction activities are speeding up. The goal is to deliver additional hotel rooms and infrastructure to accommodate the 20 million visitors expected in 2020.

With 356 active hospitality projects, Dubai’s construction sector is now in full swing.

A report produced by BNC Network for The Big 5, the largest event for the construction industry in the Middle East, reveals a 6.1% year on year increase in the value of Dubai’s hospitality projects in Q1 2018. Comprising new hotels, resorts and hotel apartments, these are worth a total of over USD 43 billion.

Expo 2020 Dubai is proving a magnificent growth driver for the hospitality and construction sectors,”

comments Josine Heijmans, Portfolio Director of The Big 5 at dmg events.

The Emirate’s hotel inventory is growing quickly. Seventeen hospitality projects worth over USD 860 million were delivered in the first quarter of 2018 only.

Seven new projects worth over USD 370 million were announced in the first three months of the year. Moreover, 25 hospitality projects with an estimated value of USD 2.2 billion, currently in tender stage, are expected to be awarded in the next few months.

 “The Dubai Hospitality Construction Overview report shows that Dubai is on track to reach 20 million overnight visitors in 2020,”

comments Heijmans.

These project movements demonstrate a healthy growth in the hospitality related construction sector in 2018 and beyond.”

Dubai is developing its hospitality infrastructure with a vision to become the world’s tourist capital. According to a report published by the Dubai Tourism Department, there were over 680 hotels and hotel apartments in the Emirate, offering an inventory of over 107,000 rooms in 2017.

The new projects are set to attract more international visitors, offering a variety of theme and budget-friendly options too, as Dubai’s business related tourism keeps growing. Last year, the Dubai World Trade Centre (DWTC) reported an all-time record of 3.3 million delegates and attendees, 9% up from 2016.  

In 2018, The Big 5 gears up to welcome over 2,500 exhibiting companies from across the globe. With hospitality projects worth over USD 17 billion in construction or tender stages, organisers expect to welcome over 60,000 industry professionals looking to source the latest products and construction solutions.

The event will also feature a rich education agenda with high-level summits and practical workshops. Under the theme “Shaping the future of construction”, the 39th edition of The Big 5 will introduce the brand new Live Innovation Zone, where demonstrations will feature some of the newest and most innovative products available, and the Start-up City, gathering the next construction tech disruptors.

Running at the DWTC from 26-29 November, the event will present and promote innovative solutions across all stages of the construction life-cycle.

To download The Big 5’s Dubai Hospitality Construction Overview report, visit https://www.thebig5.ae/industryreport1

Learn more about The Big 5 at www.thebig5.ae 

 

Industry News Interviews
Jessica Scopacasa Public Relations Manager, dmg events
About The Big 5

25 - 28 November 2019, Dubai World Trade Centre

The Big 5 is the region’s largest and most influential event for the construction industry.

Since 1979, the event has launched hundreds of thousands of products boosting the expansion of the Middle East and African markets. It has facilitated partnerships, advanced knowledge and industry best practices, while serving as the gateway for international companies to access the region.

Celebrating its 40th anniversary this year, the event is set to support construction companies through a shifting economic landscape, boost business, launch the latest building solutions, educate industry professionals, and foster best practices championing technological innovation. 

For the first time, The Big 5 covers the full construction cycle. Not only does it showcase products across six dedicated product sectors: MEP services, Building Interiors & Finishes, Building Envelope & Special Construction, Construction Tools & Building Materials, Construction Technology & Innovation, and the all new Offsite & Modular Construction.

It also runs alongside six specialised events enabling industry professionals to source products from around the globe for every stage of the construction projects: The Big 5 Heavy, Middle East Concrete, HVAC R Expo, Middle East Stone, The Big 5 Solar, and the Urban Design & Landscape Expo.

Beyond bringing to Dubai over 20,000 innovative building solutions to over 68,000 expected visitors, the seven co-located events provide more than 220 complimentary high-level summits, practical seminars, and CPD-certified workshops to foster collaboration, support best practices, and provide effective solutions to today’s industry challenges.

In order to promote technological innovation in the construction sector, the event also features The Big 5’s Start-Up City, the Live Innovation Zone, and the FutureTech Construction Summit, among others.

The Big 5 is organised by dmg events and is free to attend for all pre-registered visitors. Free online registration closes on 24 November 2019; 200 AED entrance fee will be charged to non-registered visitors.

#Big5Exhibition

To know more, visit www.thebig5.ae


About dmg events

dmg events is a leading organiser of face-to-face events and a publisher of trade magazines.

We aim to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business through face-to-face events.

dmg events organises more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year. The company’s portfolio of products includes many industry-leading events in the energy, construction, hospitality & design, coatings and transportation sectors. ADIPEC, The Big 5, Gastech, EGYPS, The Hotel Show and INDEX are the company’s flagship events. For more information visit www.dmgevents.com.

Founded in 1989, the company is headquartered in Dubai, UAE, and is a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT, www.dmgt.co.uk), one of the largest media companies in the United Kingdom.