The industry will employ 5.6 million worldwide and have a projected tax impact of $24 billion by the end of the decade, according to the ‘Global Economic Impact of Muslim Tourism and Future Growth Projection: 2017-2020’ report
Region’s outbound spend to rocket to $72 billion, or 59% of the world’s total, while inbound spend will reach $36.8 billion, with KSA and UAE dominating, according to ‘Global Economic Impact of Muslim Tourism and Future Growth Projection: 2017-2020’ report
The Abu Dhabi property market has seen prices fall on average for both apartments and villas with significant changes in property prices for a few areas in the emirate from Q2, 2018 according to Bayut’s Q3 market report for Abu Dhabi.
Global demand for mobile data transmissions to grow by 40 per cent Year-on-Year as 5G technology remains hot trend in the GCC
- Region’s increasing number of construction projects seen to drive in more growth
- Market consolidation prompts increase in Mergers & Acquisition activities
A report from the Middle East Facilities Management Association (MEFMA) confidently forecasts that revenues for the GCC region’s FM industry will continue to grow at 10 per cent annually for the next two years. The bullish outlook complements the region’s thriving FM segment with local firms placing key focus towards further growing their core business lines. The statement, which is the result of a survey commissioned by MEFMA, attributes the expected growth to drivers like the increasing demand generated from the region’s portfolio of construction projects and an expanded scope of work coming from existing clients.
This year is the year to upgrade to a new rental home or invest in Dubai property, as data from Bayut.com shows a softening in residential property prices during the first quarter of 2018.
Mimecast ESRA Report Shows Sharp Rise in Impersonation Attacks