Title:

GCC Hospitality and Entertainment Sector Construction Outlook - Jan 2024

Price: $500.00

Published: 22-01-2024

Most GCC governments are taking action and are investing heavily in developing the hospitality and entertainment sector. The GCC countries’ ambitious plans for diversifying their economies away from oil and gas are gaining pace and tourism is a key focal point, due in part to recognition of its role as a vital industry for driving growth and also the resilience it has shown by bouncing back to pre-pandemic levels. In alignment with these plans, massive investments are being channeled into the hospitality and entertainment sector as efforts to position tourism as a long-term pillar of growth. Moreover, the market is expected to increase due to rising travel spending, mounting hotel supply, increased tourism, augmenting GDP of GCC countries, upgrading of transport infrastructure, eased visa regulations, mega events like Riyadh Expo, Fifa KSA, etc.

This Ventures Onsite report provides insights into the GCC's hospitality and entertainment sector, contractor awards and major projects.

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