No Image

GCC Hospitality and Leisure Sector has $200 BN Projects Underway

October 31, 2017 UAE Business 0
  • 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. Read more

No Image

Successfully launching Digital Forensics & Analysis Summit GCC supported by the Ministry of Interior

October 17, 2017 UAE Business 0

Officially supported by the Ministry of Interior and under the patronage of Lieutenant General HH Sheikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Interior, present at the event, Advanced Conferences & Meetings (ACM) proudly launched Digital Forensics & Analysis Summit GCC on Monday at The Westin Abu Dhabi Golf Resort & Spa. Read more

No Image

GCC CONSTRUCTION SECTOR WORTH USD 1.7 TRILLION PUSHES DEMAND FOR PRECAST SOLUTIONS

October 9, 2017 UAE Business 0
  • USD 1.7 trillion worth of projects currently underway in the GCC region are pushing demand for precast solutions, according to BNC Network report for The Big 5 Heavy 2018.
  • The Big 5 Innovation in Precast Summit (26 & 27 November 2017) will be a prelude to The Big 5 Heavy, and will unveil the latest techniques and technology for the precast market.
  • The Big 5 Heavy (26 – 28 March 2018) will showcase the latest products in precast processing as well as machinery for the transportation and instillation of all construction materials. 

The precast market in the GCC is expected to increase against the backdrop of a growing construction industry which is calling for more flexible, cost-effective and durable concrete solutions. According to The Big 5 Heavy 2018’s research partner BNC Project Intelligence, the GCC currently has the highest number of active construction projects in the MENA region, with a total estimated value of USD 1.7 trillion. Read more

No Image

Unified Communications Market in the Gulf Grows through Competitive Pricing, Customer-friendly Service, and Comprehensive Offerings

July 12, 2017 UAE Business 0
Government, oil and gas and BFSI sectors dominate in the UC applications and services market, finds Frost & Sullivan’s Digital Transformation team

Growth in unified communications (UC) applications and services due to the global shift from time division multiplexing (TDM) to the Internet protocol-private branch exchange (IP-PBX) telephony model is reflecting in the Gulf Cooperation Council (GCC) market as well, though at a lower rate. Cloud adoption is presently low in the region when compared with other developed and developing nations, but industry participants remain optimistic as digital investments are a priority for GCC. However, customers will seek a wide range of UC offerings at attractive price points through a single provider. Read more

No Image

A.M. Best Briefing: VAT Implementation Poses Significant Challenges for GCC Insurers

May 28, 2017 UAE Business 0

Uncertainty persists as to when precisely Value Added Tax (VAT) will be introduced in the member states of the Gulf Cooperation Council (GCC), and the process surrounding a roll-out. However, given the fiscal pressures in the region, the introduction of taxation seems inevitable and could cause short-term cash-flow issues for insurers. Read more