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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

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TOP 10 ONGOING RESIDENTIAL PROJECTS PLUG USD 21.6 BN INTO UAE CONSTRUCTION MARKET

October 16, 2017 UAE Business 0
  • The top 10 Ongoing Residential Building Projects in The United Arab Emirates contribute an estimated USD 21.6 billion to the local construction market, as reported by the BNC Network.
  • The Big 5 (26-29 November 2017, Dubai World Trade Centre) to draw international and local industry professionals to the construction hub.

The top 10 ongoing projects in the residential building sector are contributing an estimated USD 21.6 billion to the local construction market, according to the latest Ongoing Residential Building Projects in The United Arab Emirates report prepared by the BNC Network, for the largest construction event in the Middle East – The Big 5. Six out of the 10 listed projects are being developed in Dubai, with others adding great value to Emirates such as Abu Dhabi, Sharjah and Ras Al Khaimah. Read more