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The Report Covers Investment Analysis of Construction Industry in GCC Countries and the Market is Segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy and Utilities Construction) and Country (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates).
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The GCC digital transformation market size is projected to exhibit a growth rate (CAGR) of 23.51% during 2025-2033. The introduction of strategic plans and frameworks by the regional governments, rapid proliferation of technologies, growing emphasis on streamlining operations, rising focus on personalizing the customer experience, and increasing expansion of e-commerce platforms represent some of the key factors driving the market.
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Growth Rate 2025-2033 | 23.51% |
IMARC Group provides an analysis of the key trends in each segment of the GCC digital transformation market report, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on type, deployment mode, enterprise size, and end use industry.
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The GCC labour market size is expected to grow at a CAGR of 2.60% between 2025 and 2034. The market is being driven by increasing demand for labour to boost economic and industrial development, favourable labour laws in the region, and growing workforce.
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The GCC telemedicine market size reached USD 1.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 9.5 Million by 2033, exhibiting a growth rate (CAGR) of 19.1% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
| 2025-2033 |
Historical Years
| 2019-2024 |
Market Size in 2024
| USD 1.7 Million |
Market Forecast in 2033
| USD 9.5 Million |
Market Growth Rate 2025-2033 | 19.1% |
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC telemedicine market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on component, communication technology, hosting type, application and end-user.
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The GCC mental health market size reached USD 8.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 12.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4% during 2025-2033. The increasing awareness regarding mental health issues, favorable government policies and programs to improve mental health services, the rising prevalence of mental disorders, insurance and healthcare reforms, and professional development and training represent some of the key factors driving the market.
Report Attribute
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Key Statistics
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Base Year
| 2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 8.6 Billion |
Market Forecast in 2033 | USD 12.3 Billion |
Market Growth Rate (2025-2033) | 4% |
IMARC Group provides an analysis of the trends in each segment of the GCC mental health market report, along with forecasts at the country levels for 2025-2033. Our report has categorized the market based on disorder, service, and age group.
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The GCC Cement Market Report is Segmented by Type (Portland, Blended, and Other Types), Application (Residential, Commercial, Infrastructure, Industrial, and Institutional), and Geography (Saudi Arabia, The United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain). The Market Size and Forecasts for the GCC Cement Market are Provided in Terms of Volume (Tons) for all the Above Segments.
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Explore the GCC furniture market's growth, trends, and forecasts from 2024 to 2032. Gain insights into key drivers and industry dynamics.
The market size of non-life insurance in the Gulf Cooperation Council countries was expected to increase from **** billion U.S. dollars in 2021 to **** billion U.S. dollars in 2028. While the market size of life insurance in the GCC was expected to increase from *** billion U.S. dollars in 2023 to *** billion U.S. dollars in 2028. Current GCC insurance industry The insurance industry has experienced positive growth over the years. The market value of both life and non-life insurance almost doubled in the GCC region from 2011 to 2020. Among the Gulf Cooperation Council countries, the Saudi Arabia had the largest market share of the insurance industry in 2020, followed by the United Arab Emirates. Although the economic conditions during 2016 and 2018 hindered its growth, it is expected to improve during the coming years. GCC insurance industry projections There are optimistic projections for the industry that can be explained by the population growth and stable economic development. The governments have been implementing crucial steps that support the growth of the sector such as the continued application of mandatory insurance coverage, the reinforcement of the regulatory reforms, and economic diversification. The insurance penetration rate in the Gulf Cooperation Council region is expected to remain far below the global average of *** percent until 2026. The insurance penetration rate is the gross written premium measured as a percentage of the gross domestic product. The market size of the insurance industry in the Gulf Cooperation Council was expected to increase from **** billion U.S. dollars in 2021, to **** U.S. billion dollars in 2026. The compound annual growth rate (CAGR) among the GCC countries between 2021 and 2026 was expected to be the highest for Kuwait at *** percent, and the lowest for Saudi Arabia at *** percent.
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Explore the comprehensive overview of the Compound Feed Market, including projected industry size, growth forecasts, and key insights that can support business expansion. Learn about the anticipated market values and growth rates from various sources for informed decision-making.
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The GCC risk management market size reached USD 257.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 874.0 Million by 2033, exhibiting a growth rate (CAGR) of 14.2% during 2025-2033. The growing adoption in the energy sector due to fluctuations in oil prices and geopolitical uncertainties, increasing awareness about information security and data protection, and rising focus on corporate governance represent some of the key factors driving the market.
Report Attribute
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Key Statistics
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Base Year
| 2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 257.0 Million |
Market Forecast in 2033 | USD 874.0 Million |
Market Growth Rate (2025-2033) | 14.2% |
IMARC Group provides an analysis of the key trends in each segment of the GCC risk management market report, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on component, deployment mode, enterprise size, and industry vertical.
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GCC Translation Service Market is projected to reach USD 3,807.85 million by 2032, growing at a CAGR of 6.52% from 2024-2032.
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The GCC construction market, valued at $169.30 million in 2025, is projected to experience robust growth with a Compound Annual Growth Rate (CAGR) exceeding 5.00% from 2025 to 2033. This expansion is driven by several key factors. Significant government investments in infrastructure projects, particularly within transportation networks (roads, airports, and railways) and large-scale energy and utility developments are fueling demand. Furthermore, a burgeoning population and increasing urbanization across the GCC nations necessitate substantial residential and commercial construction, contributing to the market's upward trajectory. The sector is witnessing a shift towards sustainable building practices and the adoption of advanced construction technologies, enhancing efficiency and minimizing environmental impact. While rising material costs and potential labor shortages could present challenges, the overall positive economic outlook and sustained government spending on infrastructure projects are expected to mitigate these restraints. The market is segmented into Commercial, Residential, Industrial, Infrastructure (Transportation), and Energy & Utilities Construction, with Infrastructure and Residential sectors expected to be the largest contributors to growth during the forecast period. Key players, including Almabani General Contractors, Khansaheb, Arabian Construction Company, ASGC Construction, and others, are actively competing for market share, leading to innovation and improved service offerings. The forecast period (2025-2033) promises significant opportunities for companies specializing in sustainable construction methods, prefabricated buildings, and project management software. The continued focus on mega-projects, coupled with the region's commitment to diversifying its economy, will further stimulate growth. While geopolitical factors and global economic conditions can impact the construction market, the long-term outlook for the GCC region remains optimistic, suggesting sustained growth in the construction sector well beyond the forecast period. The healthy pipeline of projects and ongoing government initiatives to improve infrastructure and housing indicate a strong future for the GCC construction market. Recent developments include: April 2023: ALEC Engineering and Contracting (ALEC), part of the Investment Corporation of Dubai (ICD), has won the main contract for constructing Wynn Resort, an integrated resort development on the man-made Al Marjan Island. The contract was awarded by Ras Al Khaimah-based master developer Marjan, along with RAK Hospitality Holding and Wynn Resorts Limited., February 2023: ASGC successfully completed Grand Creek Harbour at Dubai Creek Harbour. This 2 million sq. ft. development comprises two slender towers, offering a luxury 5-star hotel with 220 keys and 790 serviced apartments. The development features a stunning glass facade and is designed with sustainability in mind, including solar panels, energy-efficient fixtures, green materials, and water-friendly landscaping.. Key drivers for this market are: Green And Sustainable Buildings Initiatives, Urbanisation and Tousrism Growth. Potential restraints include: Decliing Crude Oil Prices. Notable trends are: Rising Investments in the Infrastructure Construction Market.
In 2023, Saudi Arabia was the highest valued e-commerce market among the Gulf Cooperation Council countries, with a market size of about *** billion U.S. dollars. United Arab Emirates came in second with e-commerce being valued at *** billion U.S. dollars in the same year.
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The GCC Food Service Marketsize was valued at USD 31.80 USD Billion in 2023 and is projected to reach USD 128.73 USD Billion by 2032, exhibiting a CAGR of 22.11 % during the forecast period. GCC Food Service defines a broad category of food service operations within the countries of the Gulf Cooperation Council, which includes different subtypes including QSR, casual dining, contract catering, and institutional food services. These services are flexible on regional preferences, focused on hygiene, and where traditional and international food options are offered. Some trends that are worth mentioning are an optimized supply chain, better quality concerning food safety, and an increasing focus on digitalization regarding ordering and delivery processes. Practical uses range from business organizations’ food service to hospitals, catering services in functions or parties, and the hospitality industries in general effectively targeting the diversity and cultural customers in the GCC. Recent developments include: May 2022: The parent company of Hardee’s restaurant CKE Restaurants Holdings, Inc., partnered strategically with Universal Pictures to promote the movie “Jurassic World Dominion.” As a part of this strategy, the company introduced new movie-themed burger products in the market, January 2022: Halwani Bros. Co. invested around USD 53 million in a non-binding agreement with Aquat Food Industries Co. Through this agreement, the company aims to supply locally-produced food products required to operate Albaik restaurants in Egypt., December 2021: Riyadh International Catering Corporation, the Saudi Arabia franchisor of McDonald's restaurants, opened the 200th branch of the company on Riyadh Boulevard. This expansion will help to increase the revenue of the company., July 2021: Yum! Brands acquired Dragontail Systems Limited, a technology solutions provider for the food industry. The company is focused on accelerating its global digital and technology initiatives that enhance the customer and employee experience, strengthen restaurant unit economics, and provide a competitive advantage., June 2021: Saudi Arabia’s popular restaurant chain ALBAIK opened its first branch in the UAE. The Saudi brand entered the UAE market in partnership with ServQuest, an entity established by National Holding, Abu Dhabi. ServQuest is dedicated to operating and expanding ALBAIK across several nationwide restaurant brands.. Key drivers for this market are: Expansion of International Brands in Saudi Arabia to Fuel Market Growth. Potential restraints include: Greater Reliance on Food Imports and Limited Availability of Natural Resources Inhibit the Market Growth . Notable trends are: Rising Popularity of Veganism to Fuel Market Growth.
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Statistics illustrates market overview of automatic circuit breakers in GCC from 2007 to 2024.
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Explore the booming GCC Herbal Medicine Market, projected to reach USD 366 Million by 2030, with a CAGR of 6.90%. Discover key drivers, trends, and market insights for Saudi Arabia, UAE, and more.
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Statistics illustrates market overview of ice cream in GCC from 2007 to 2024.
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The GCC International Express Service Market report segments the industry into Shipment Weight (Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments), Route (Inter-Region, Intra-Region), End User Industry (E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others), and Country (Qatar, Saudi Arabia, UAE, Rest of GCC).
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The GCC Chillers market is likely to grow at a CAGR of around 6% during 2023-2028.
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GCC Cloud Computing Market is growing at a CAGR of 19.5% during the forecast period 2023-2030.
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The Report Covers Investment Analysis of Construction Industry in GCC Countries and the Market is Segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy and Utilities Construction) and Country (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates).