With major events on the horizon for the GCC, the regional hospitality and tourism industries are expected to have a significant impact on the construction and real estate development sector. Data has shown that the retail and hospitality sector have been the UAE’s fastest growing industries over the last 15 years.
According to analysts, the value of the GCC hotel projects market is forecasted to increase from $11.15 billion in 2018 to $11.61 billion in 2019, while the UAE’s own hospitality market is expected to reach $7.6 billion by 2022, growing at a five-year CAGR of 8.5% between 2017 and 2022. In 2019 alone, Dubai’s hotel supply is expected to reach 132,000.
Meanwhile, the retail sector has been projected to grow by 5.6% from 2018 to 2021, with retail sales predicted to reach $43.75 billion by 2021. In the UAE, Dubai alone accounts for 49% of all shopping malls in the country, followed by Abu Dhabi with 36%, and these figures show no signs of dropping, with retail construction continuing at pace.
As such, regional developers are showing increased interest in developing mixed-use projects that combine hospitality, entertainment, retail and residential elements, thereby allowing for the diversification of economies away from oil revenues.
With investment in tourism infrastructure on the rise, developers are now looking to create destinations that will attract international tourists, local visitors and residential tenants. Therefore, Big Project ME is looking to host a summit that will focus on the key issues and topics around retail and hospitality construction and development.
Through a series of presentations and panel discussions, the 2019 Retail and Hospitality Summit will offer construction professionals an opportunity to discuss, debate and define the key issues and challenges facing the construction industry as it works to meet the demands placed upon it.
The 2019 Retail and Hospitality Summit will provide professionals with the opportunity to network with industry experts, regional thought leaders and decision makers from a variety of fields, sectors and countries.
Listen and learn from the regions foremost experts as they explain how the construction industry can answer the demands and needs of the ever-expanding tourism and hospitality sectors in the GCC.
Learn from industry leaders how your company can position itself as a leader in hospitality and tourism construction. Hear about and see real examples of how iconic projects are being built, keeping in mind the needs of visitors – both local and international.
The VE Summit presents you with an opportunity to interact and discuss how Value Engineering can benefit your company with the region’s leading experts. With several breaks scheduled for networking, you’ll be able to get one-on-one time with panellists and presenters, following on from interactive Q&A sessions and a CPD workshop.
Designing and building retail and hospitality projects
Development trends in the GCC
Developing destination projects for generations to come
Creating mixed-use projects that combine residential, retail and hospitality elements
Sustainable practices and utilising technology to design destinations
Designing experiences and creating memories
Investing in retail and hospitality
The RHC Summit offers you a chance to reach out to all relevant industry professionals as well as key government representatives. Engage with a captive audience of decision makers and influencers, who are involved in specifying products and services that you supply.
As a sponsor of the RHC Summit, we can create a package that is tailor-made to help you reach your objectives. Get in touch with us now.
Align your brand with the GCC’s most respected monthly construction magazines and influence the audience that matters most to you – the contractors and consultants of the Middle East region. Contact
The RHC Summit offers you a chance to reach out to the entire construction industry, with consultants, contractors, sub-contractors and specialist engineers from across the GCC in attendance, as well as key government representatives. Contact
Reach out to a captive audience of decision makers and influencers, who are involved in purchasing or specifying products and services. Contact
As a sponsor of the RHC Summit, you can create a package that is tailor-made to help you reach your marketing goals. Over the term of the sponsorship, your benefits may include logo recognition in print and e-communications and press releases, on-site branding and access to planned future events from CPI Construction. Contact
30 September 2019
Wednesday 8:30 AM - 4:30 PM
Oberoi Hotel Business Bay
+971 4 375 5470
Dubai Studio City
Office 207 – 209, Building 3
+971 4 375 5480
+971 4 375 5475
+971 4 375 5473
+971 4 375 5714
+971 4 375 5498
Dubai residential property prices are approaching levels last seen in 2009-2010 property, a leading global ratings agency has warned, following a steady
Kuwait and China have signed a deal to develop Madeenat Al Hareer (Silk City). The $82.2bn megadevelopment will consist of the Burj
Saudi Arabia’s cement industry looks set to continue to be under pressure for the third consecutive year, following the release of figures
Azizi Developments has said that construction at its $128 million project, Azizi Aliyah Residence at the Dubai Healthcare City has progressed to