GCC HOSPITALITY AND LEISURE SECTOR HAS $200 BN PROJECTS UNDERWAY

Monday, October 30, 2017

  • Over 2,000 hospitality and leisure projects in the GCC with a combined estimated value of USD 200 billion, according to The Big 5’s research partner BNC Network.
     
  • The expanding tourism sector and hosting of large events are key drivers behind increasing hospitality and leisure projects in the region.
     
  • The Big 5 (26 – 29 November 2017 at The Dubai World Trade Centre) will feature over 2500 exhibiting companies and is expected to attract over 78,000 visitors.

Over 2,000 hospitality and leisure projects are currently underway in the GCC with a combined estimated value of USD 200 billion, event organisers announce ahead of The Big 5 next month.  An estimated USD 64 billion worth of related projects in the construction pipeline, coupled with increasingly relaxed visa policies highlight a developing focus on strengthening the regional tourism ecosystem.

Hospitality and leisure markets in the UAE and Saudi Arabia currently make up 74% of all related projects in the GCC region. According to the “GCC Hospitality and Leisure & Recreation” report by BNC Network for The Big 5, the expanding tourism sector is a key driver for increasing hospitality and leisure projects in the region.

By adding hospitality and leisure projects to their portfolio, and developing the tourism sector in their countries, GCC governments are actively moving toward economic diversification and sustainable growth. Investments in the hospitality and leisure projects as a result, are adding significant growth the construction sector as a whole.

Mega developments in the top ranking countries include the Hospitality District in Dubai’s Mall of the World (UAE) and Phase 1 of the Red Sea Touristic Development in Tabouk (Saudi Arabia). Behind the UAE and Saudi Arabia, Oman has the third highest value of hospitality and leisure investment with the Tourism Resort project in Duqm being valued at USD 20 million.

Dubai and Abu Dhabi account for approximately 81% of all hospitality and leisure projects in UAE, with the country as a whole being listed by BNC Project Intelligence as having the most competitive tourism sector in the GCC.

With the upcoming Expo 2020 the UAE is expected to attract an estimated 25 million visitors between October 2020 and April 2021. Additionally, under the 2020 Tourism Strategy, The Department of Tourism and Marketing in Dubai aims to target 20 million overnight visitors in 2020.

Looking at the report, Portfolio Event director for The Big 5 Josine Heijmans evaluates that “the high number of hospitality and leisure projects being launched in the GCC will continue to positively drive the regional construction sector as a whole. In an effort to support mega-events as Expo 2020 and developing tourism strategies, demand will remain strong for the innovative products and sustainable building solutions all on display at The Big 5 2017.”

Running from 26 to 29 November at the Dubai World Trade Centre, the 38th edition of The Big 5 will feature over 2,500 local and international exhibiting companies showcasing 360-degree building solutions across five dedicated product sectors: Building Interiors & Finishes, Building Envelope & Special Construction, Construction Tools & Building Materials, Construct Technology & Innovation, and an MEP Services sector featuring an all new HVAC-R dedicated hall. The event is co-located with The Big 5 Solar.

Additionally, the event will offer a broad education agenda to the expected 78,000 visitors, which will include The Excellence in Construction Summit, the 2017 Big 5 Innovation in Precast Summit, and over 70 free to attend and CPD-certified Big 5 Talks broken down into six themes to correlate with product categories: Business, Sustainability, Project Management, MEP, Architecture, Technology.

Organised by dmg events Middle East, Asia & Africa, last year’s edition of The Big 5 was the largest to date, attracting over 78,579 participants and 2,586 exhibiting companies from 59 countries. 

Download the full GCC Hospitality and Leisure & Recreation report, www.thebig5.ae/GCChospitalityleisureandrec

Know more about the event, visit www.thebig5.ae 

For visitor registration, www.thebig5.ae/Register

For press registration, www.thebig5.ae/pressregistration

Contact us
Elisha Dessurne Public Relations Executive, dmg events Middle East, Asia & Africa
Jessica Scopacasa Public Relations Manager, dmg events Middle East, Asia & Africa
Elisha Dessurne Public Relations Executive, dmg events Middle East, Asia & Africa
Jessica Scopacasa Public Relations Manager, dmg events Middle East, Asia & Africa
About The Big 5

The Big 5 is the construction event providing leading-edge innovation, knowledge, and business opportunities for industry players around the world to connect, grow, and succeed.

Taking place annually in Dubai since 1979, the event has launched hundreds of thousands of products boosting the expansion of emerging markets. It has facilitated partnerships, advanced knowledge and industry best practices, while serving as the gateway for international companies to access the Middle East, Africa and South Asia regions.

The Big 5 covers the full construction cycle; not only does it showcase products across dedicated sectors, it also runs alongside nine specialised events enabling industry professionals to source building solutions from around the globe for every stage of the construction projects: The Big 5 Heavy, Middle East Concrete, Windows, Doors & Facades Event, Gulf Glass, HVAC R Expo, The Big 5 Solar, Middle East Stone, the Urban Design & Landscape Expo, and FM Expo.

The event includes high-level summits, practical seminars, CPD-certified workshops, and The Big 5 Impact Awards to foster collaboration, support best practices, and provide effective solutions to today’s industry challenges.

The Big 5 is organised by dmg events and is free to attend for all pre-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.

About DMGT

DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information, education technology, energy information and events & exhibitions. In total, DMGT generates revenues of around £1 billion.




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