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. 

Organised by dmg events, the exhibition showcases 360-degree building solutions clustered in six 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.

Gathering buyers and manufacturers of construction products from around the world, The Big 5 also offers a broad educational agenda, with two high-level conferences and dozens of CPD-certified workshops.

On its 40th edition, the event features The Big 5 Heavy, Middle East Stone, Middle East Concrete, HVAC R Expo, the Urban Design & Landscaping Expo, and The Big 5 Solar. 

#Big5Exhibition

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 across multiple platforms.

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 such as The Big 5 construction shows, ADIPEC and Gastech energy events.

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.com), one of the largest media companies in the United Kingdom.