The tourism sector GDP share in Saudi Arabia was forecast to continuously increase between 2023 and 2028 by in total 1.9 percentage points. The share is estimated to amount to 9.4 percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Lebanon and Jordan.

Tourism Revenues in Saudi Arabia increased to 153.61 SAR Billion in 2024 from 135 SAR Billion in 2023. This dataset provides - Saudi Arabia Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to the data provided by the World Tourism Organization (UNWTO), in 2021, the tourism balance in Saudi Arabia was minus *** percent following the COVID-19 outbreak. This was a decrease compared to minus *** percent in the previous year. Saudi Arabia’s economic diversification    In 2016, Saudi Arabia introduced a new initiative, Vision 2030. The main goal of Vision 2030 was to diversify Saudi Arabia's exports and revenue opportunities beyond the oil and gas industry to include segments such as transportation and entertainment. Economic diversification in Saudi Arabia has proven necessary since oil prices plunged because of the ongoing pandemic. The pandemic's impact on travel reduced Saudi Arabia's oil shipments to China, a prominent Saudi oil importer, as well as the rest of the world. The country's real GDP growth plummeted to around negative **** percent in 2020, which demonstrated the dependence of Saudi Arabia's economy on oil and gas exports.  Tourism initiatives The purpose of reforming Saudi Arabia's economy is not just to diversify it but also to create growth prospects for Saudi citizens. For example, there were more than ************** workers in the tourism sector in 2019. Shifting economic reliance from the public to the private sector could generate employment opportunities tailored to people’s skills. The government's plans for economic diversification include attracting foreign investment, increasing the number of small and medium-sized firms, and generating employment opportunities via mega-project development. Mega construction projects in Saudi Arabia include NEOM, with a value of approximately *************** U.S. dollars and an expected completion date of 2025. With smart city technology being incorporated into the city, NEOM is planned to function as a major tourist destination in Saudi Arabia.

The Kingdom of Saudi Arabia's hospitality industry, valued at $13.23 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 5.03% from 2025 to 2033. This expansion is fueled by several key drivers. Significant government investments in infrastructure development, including mega-projects like NEOM and Red Sea Project, are attracting substantial tourism and business travel. The diversification of the Saudi Arabian economy away from oil dependence, coupled with increased focus on leisure and entertainment, is creating a surge in demand for diverse hospitality offerings, from budget-friendly accommodations to luxury resorts. Furthermore, the easing of visa regulations and promotional campaigns targeting international tourists are contributing to the sector's growth. The industry is segmented by type (chain vs. independent hotels) and by service level (service apartments, budget/economy, mid-scale, luxury). While the luxury segment commands a premium, the budget and mid-scale segments are witnessing rapid growth driven by increasing domestic tourism and the rising middle class. Competition is intense, with both international chains (InterContinental Hotels Group, Accor S.A., Marriott International Inc., Hilton Hotels & Resorts) and prominent local players (Al Hokair Group, Dur Hospitality Company, Al Tayer Group) vying for market share. Challenges include maintaining service quality amidst rapid expansion and addressing potential workforce shortages. Future growth will likely be influenced by the success of ongoing tourism initiatives and the overall economic performance of the Kingdom. The projected growth trajectory for the Saudi Arabian hospitality sector is optimistic, driven by Vision 2030's strategic initiatives to boost tourism and diversify the economy. However, the sector needs to strategically address potential headwinds, including maintaining price competitiveness, managing supply chain challenges, and adapting to evolving consumer preferences. A successful approach will require ongoing investment in technology, skilled workforce development, and sustainable tourism practices. The continued influx of international hotel brands and the emergence of innovative local players ensures a dynamic and competitive market landscape, driving further innovation and enhancing the overall tourist experience. The long-term outlook suggests continued expansion, with the potential for significant growth in niche segments like eco-tourism and wellness retreats, catering to a growing demand for unique and sustainable travel experiences. Recent developments include: May 2023: Marriott International launched its 31st brand, City Express by Marriott, following its acquisition of the City Express brand portfolio from Hoteles City Express., April 2023: Saudi-based Taiba Investments Company acquired a 100% stake in Dur Hospitality Company in exchange for issuing new shares in Taiba. It includes following the deal inked by the duo in December 2022 on a possible securities exchange deal, including a non-binding agreement on structuring and share swap coefficient.. Key drivers for this market are: Increase in the Number of Restaurants and Bars in the Industry, Increase in the Number of Tourist Attractions and Activities. Potential restraints include: Increase in the Number of Restaurants and Bars in the Industry, Increase in the Number of Tourist Attractions and Activities. Notable trends are: An Increase in the Number of Hotels and Suggested Projects.

The Hospitality Industry in Saudi Arabia Report is Segmented by Type (chain Hotels and Independent Hotels) and Segment (service Apartments, Budget and Economy Hotels, Mid and Upper Mid-Scale Hotels, and Luxury Hotels). The Report Offers Market Size and Forecasts for the Saudi Arabia Hospitality Market in Value (USD) for all the Above Segments.

Tourist Arrivals in Saudi Arabia increased to 29.70 Million in 2024 from 27.40 Million in 2023. This dataset provides - Saudi Arabia Tourist Arrivals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Saudi Arabian interior design market, valued at $3.66 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 4.81% from 2025 to 2033. This expansion is fueled by several key factors. The Kingdom's ambitious Vision 2030 initiative, focused on economic diversification and infrastructure development, is a major driver. Significant investments in both residential and commercial construction projects, including hotels, hospitals, educational institutions, and office spaces, are creating considerable demand for interior design services. Furthermore, a rising middle class with increased disposable income is fueling demand for high-quality home interiors, contributing to the residential segment's growth. The growing tourism sector also plays a significant role, driving demand for aesthetically pleasing and functional designs in hospitality spaces. While precise figures for segment-specific market shares are unavailable, it's reasonable to infer that the commercial sector, given large-scale infrastructure projects, commands a substantial portion, likely exceeding the residential sector's share. Competition is relatively high, with numerous local and international firms operating in the market, evidenced by the list of companies included, suggesting a dynamic landscape characterized by both established players and emerging firms. The market's sustained growth is expected to continue throughout the forecast period, driven by consistent government spending on infrastructure and the private sector's investment in real estate. However, potential headwinds exist. Economic fluctuations and global market uncertainty could influence investment decisions, potentially impacting growth trajectory. Furthermore, the availability of skilled labor and adherence to building regulations and sustainability standards can also affect the industry's expansion. Despite these potential challenges, the long-term outlook for the Saudi Arabian interior design market remains positive, promising significant opportunities for established players and newcomers alike. The market's evolution will be shaped by increasing demand for sustainable designs, the adoption of cutting-edge technologies in design and implementation, and a continued focus on delivering high-quality and aesthetically pleasing spaces across various sectors. This comprehensive report provides an in-depth analysis of the burgeoning Saudi Arabia interior design market, covering the period from 2019 to 2033. With a focus on the estimated year 2025 and a forecast period extending to 2033, this study offers invaluable insights for investors, industry professionals, and anyone seeking to understand this dynamic sector. The report utilizes data from the historical period (2019-2024) and incorporates key market developments such as significant investments and acquisitions. High-search volume keywords like Saudi Arabia interior design market size, Saudi Arabia interior design trends, Saudi Arabian interior design companies, and residential interior design Saudi Arabia are strategically integrated throughout. Recent developments include: October 2023: Saudi Arabia’s Aljazira Capital and Osus Real Estate Co. launched a private closed-end real estate investment fund with a target investment volume of more than USD 453.2 Million focused on developing residential, hotel, office, and commercial properties in northern Riyadh, expanding the business of Interior design market., March 2022: Saudi Arabia PIF acquired a controlling stake in interior design and specialty contracting firm Depa with an investment of USD 480 Million. Depa Group exists as an interior contractor, is listed on the Nasdaq Dubai, and is headquartered in the United Arab Emirates.. Key drivers for this market are: Expansion of Real Estate in the Country, Increasing Rate of Urbanization. Potential restraints include: Expansion of Real Estate in the Country, Increasing Rate of Urbanization. Notable trends are: Increasing Demand for Residential Real Estate.

The Jeddah commercial real estate market exhibits robust growth potential, projected to reach a market size of $2.26 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 9.88% from 2025 to 2033. This expansion is fueled by several key drivers. Significant investments in infrastructure development, including transportation improvements and urban renewal projects, are attracting both domestic and international businesses. Furthermore, the burgeoning tourism sector, driven by initiatives like the Red Sea Project and NEOM, contributes to increased demand for office, retail, and hospitality spaces. Government initiatives aimed at diversifying the Saudi Arabian economy away from oil dependence also play a crucial role, stimulating private sector investment and creating a favorable environment for commercial real estate development. The market's segmentation is likely diverse, encompassing high-end office towers in central Jeddah, retail spaces in burgeoning commercial districts, and logistics facilities catering to the growing trade and e-commerce sectors. Key players such as Makkah Construction and Development Company, Jabal Omar Development Company, and the Binladin Group are shaping the market landscape through large-scale projects and developments. However, potential market restraints could include fluctuating global economic conditions and the availability of skilled labor. The forecast period (2025-2033) anticipates sustained growth, with projected increases in both market size and investment activity. This positive outlook is supported by a continuation of the current economic diversification efforts and ongoing infrastructural improvements within Jeddah. The ongoing development of mega-projects like the Red Sea Development and the expansion of King Abdulaziz International Airport will further drive demand. Competitive landscape analysis reveals a mix of established players and emerging developers, suggesting a dynamic and increasingly competitive market. While precise segment-specific data remains unavailable, it's reasonable to infer significant growth across all segments given the overall market expansion. Ongoing monitoring of economic indicators, government policies, and competitor activities will be essential for a comprehensive understanding of future market trends. Key drivers for this market are: Increasing Spending on the Commercial Construction. Potential restraints include: Materials and Labor Shortages. Notable trends are: The Office and Retail Industry is Expected to Dominate the Market.

The Saudi Arabian bottled water market, valued at $2.33 billion in 2025, is projected to experience robust growth, driven by a rising population, increasing disposable incomes, and a growing preference for convenient and healthy hydration options. The market's Compound Annual Growth Rate (CAGR) of 8.90% from 2025 to 2033 signifies substantial expansion potential. Key growth drivers include the increasing urbanization leading to higher demand, the expanding tourism sector boosting consumption in hospitality and leisure settings, and rising health consciousness among consumers promoting the adoption of bottled water as a safer alternative to tap water in certain regions. Market segmentation reveals significant demand across various channels, including retail stores (supermarkets, convenience stores, etc.), home and office deliveries, and foodservice establishments. The most popular packaging sizes are likely to be 331ml-500ml and 501ml-1000ml bottles catering to individual and family consumption respectively. Competitive pressures are evident with a mix of both local and international players vying for market share. The market is expected to be further influenced by government initiatives promoting health and environmental sustainability influencing packaging choices and distribution strategies. Continued growth in the Saudi Arabian bottled water market hinges on several factors. Sustained economic growth and infrastructure development will further stimulate demand. However, potential challenges include fluctuations in raw material costs and environmental concerns related to plastic waste generated by bottled water consumption. Companies are actively seeking sustainable packaging solutions to mitigate this, and environmentally conscious consumers are driving this trend. Further segmentation analysis regarding specific water types (still versus sparkling) and regional variations within Saudi Arabia will yield a more granular understanding of market dynamics and opportunities. This necessitates continuous innovation in product offerings and marketing strategies to cater to evolving consumer preferences and maintain a competitive edge in this dynamic market. Recent developments include: January 2024: The National Water Company (NWC) announced the completion of eight new drinking-water treatment stations as part of its national water strategy. This initiative aims to enhance water quality for customers and expand the coverage of desalinated water., January 2024: The National Water Company in Saudi Arabia revealed plans to begin supplying desalinated water to 100,000 beneficiaries in Dhahran. This service will extend to districts such as Dana, Doha, Sulaimaniya, Al-Jami'ah, and the King Fahd University of Petroleum and Minerals (KFUPM)., September 2023: The King Salman Humanitarian Aid and Relief Center signed a USD 5 million agreement to provide clean drinking water in Somalia. This initiative was designed to address the needs of drought-affected communities by drilling 24 solar-powered artesian wells and restoring an additional 20 wells., June 2023: PepsiCo was announced as the exclusive provider of water, beverages, and snacks for Gamers8. As a main sponsor of the world's largest gaming and esports festival, PepsiCo will exclusively supply renowned brands such as Aquafina, Pepsi Zero Sugar, Rockstar, and Doritos. Gamers8 attendees can look forward to enjoying these offerings provided by PepsiCo, including an impressive 1.5 million bottles of Aquafina water.. Key drivers for this market are: Changing Lifestyle Patterns fueled the demand for convenient and portable drinking water options., Rising Disposable Income. Potential restraints include: Changing Lifestyle Patterns fueled the demand for convenient and portable drinking water options., Rising Disposable Income. Notable trends are: Growth in Tourism Drives the Sales of Still Water in Saudi Arabia.

The Saudi Arabian architectural paints market, valued at $0.86 billion in 2025, is projected to experience robust growth, exceeding a 3% CAGR from 2025 to 2033. This expansion is fueled by several key factors. The ongoing construction boom across the Kingdom, driven by large-scale infrastructure projects and a burgeoning real estate sector, significantly boosts demand for architectural paints. Government initiatives promoting sustainable development and energy efficiency are also influencing the market, with increasing adoption of water-borne paints due to their lower environmental impact. Furthermore, a rising middle class with increased disposable income is driving demand for higher-quality paints and aesthetically pleasing finishes in residential and commercial spaces. The market is segmented by resin type (acrylic, alkyd, polyurethane, epoxy, polyester, vinyl), technology (water-borne, solvent-borne, oil-based), and application (professional, DIY). Acrylic paints are currently dominant due to their versatility and cost-effectiveness. However, the growing awareness of environmental concerns is driving the shift towards water-borne technologies. Competition is intense, with both international players like PPG Industries (Sigma Paints), Sherwin-Williams, and Jotun, and domestic companies like Jazeera Paints and National Paints Factories, vying for market share. The market's growth, however, may face challenges from fluctuating raw material prices and potential economic downturns. Despite the robust growth forecast, challenges persist. Fluctuations in global oil prices, a key input cost in paint manufacturing, pose a significant risk. Furthermore, economic slowdowns, though unlikely given current projections, could impact construction activity and dampen demand. Regulatory changes and environmental regulations concerning VOC emissions also present potential restraints. However, the long-term outlook remains positive, driven by sustained government investment in infrastructure and the Kingdom's continued economic diversification efforts. The market will likely witness further consolidation as major players seek to expand their market share through product innovation, strategic partnerships, and acquisitions. The increasing emphasis on eco-friendly options presents a lucrative opportunity for companies investing in research and development of sustainable and high-performance paints. Recent developments include: The recent developments pertaining to the studied market will be covered in a full report.. Key drivers for this market are: Growth of Construction Sector in Saudi Arabia, Increasing Commercial Construction Aided by Surge in the Tourism Industry. Potential restraints include: Growth of Construction Sector in Saudi Arabia, Increasing Commercial Construction Aided by Surge in the Tourism Industry. Notable trends are: The Acrylic Resin Segment is Expected to Dominate the Market.

The Middle East and Africa helicopter tourism market, valued at $2.45 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.97% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, the rising disposable incomes within the region, particularly in countries like Saudi Arabia and the UAE, are leading to increased demand for luxury travel experiences, with helicopter tours offering a unique and exclusive perspective. Secondly, significant investments in infrastructure development and tourism initiatives across the Middle East and Africa are creating a more favorable environment for helicopter tourism operations. Improved airport facilities and streamlined regulatory processes are further facilitating market expansion. Finally, the growing popularity of eco-tourism and adventure tourism is contributing to the sector's growth, with helicopter tours providing access to otherwise unreachable landscapes and wildlife reserves. However, challenges remain. Fuel price volatility and stringent safety regulations can impact operational costs and profitability. Furthermore, geopolitical instability in certain regions within the Middle East and Africa may pose operational risks. The market is segmented by application (civil and commercial, military), number of engines (single-engine, multi-engine), and geography (Saudi Arabia, UAE, Israel, Qatar, Egypt, Turkey, and the Rest of Middle East and Africa). Key players such as Textron, Turkish Aerospace Industries, Kaman, Lockheed Martin, Airbus, and Boeing are driving innovation and competition within the sector. The forecast period (2025-2033) suggests a significant increase in market size, driven by continued economic growth and the increasing appeal of helicopter tourism as a premium travel option. The historical period (2019-2024) likely saw moderate growth, laying the foundation for the accelerated expansion predicted in the coming years. The segmentation of the market offers valuable insights into specific growth areas. The civil and commercial segment is anticipated to dominate, driven by the rising demand for sightseeing tours and private charters. Within the number of engines segment, the multi-engine helicopter segment is expected to hold a larger market share due to their enhanced safety features and carrying capacity, catering to larger tour groups. Geographically, Saudi Arabia and the UAE are likely to remain the leading markets, benefiting from their well-established tourism infrastructure and high per capita income. However, other countries in the region, such as Egypt and Turkey, also present significant growth opportunities, fueled by ongoing tourism development initiatives. The competitive landscape is characterized by the presence of both established aerospace giants and specialized helicopter tourism operators. The companies mentioned are key players, each with their strengths and market focus. The market's future hinges on the continued stability of the region, sustainable tourism practices, and continued technological advancements in helicopter technology. Recent developments include: November 2023: The UAE’s Strategic Development Fund announced that it had planned to independently develop the VRT500 and VRT300 co-axial light helicopters after the invasion of Ukraine by Russia., January 2023: The US Army awarded Boeing a USD 426 million contract to produce 12 CH-47F Chinooks for the Egyptian Air Force. With this contract, Egypt plans to replace its aging fleet of CH-47D helicopters.. Notable trends are: Military Segment to Exhibit the Highest Growth Rate During the Forecast Period.

Middle East Car Rental Market size was valued at USD 3.85 Billion in 2024 and is projected to reach USD 7.42 Billion by 2032, growing at a CAGR of 8.5% from 2025 to 2032.

Key Market Drivers Tourism Industry Growth: The growth of the Middle East's tourism sector has significantly boosted the demand for car rentals, as more tourists and businesses seek flexible transportation solutions. This surge in demand aligns with the region’s economic development, particularly in the GCC countries. The World Travel and Tourism Council's 2023 report showed a 42% rise in tourism's contribution to the GCC's GDP, with the UAE leading at 56% growth. The Dubai Tourism Board reported a 38% increase in tourist car rentals in 2023, with an average rental duration of 5.2 days per tourist. Corporate Sector Expansion: The expansion of the Middle East's business ecosystem has significantly increased the demand for corporate car rental services. Companies are turning to rentals for flexible, cost-effective transportation solutions as they focus on operational efficiency and business travel needs. In 2023, corporate car rentals in Saudi Arabia rose by 45%, while business rentals in the UAE grew by 35%. Long-term corporate leasing in the GCC increased by 52%. Digital Transformation: The adoption of mobile apps and digital platforms has significantly enhanced the car rental experience. In 2023, online bookings made up 65% of all car rentals, a 55% increase from 2021, according to the GCC Car Rental Association. This shift towards digital solutions highlights the growing preference for easy, on-the-go vehicle bookings. Additionally, mobile app installations for car rentals across the Middle East grew by 92%, underscoring the region's embrace of technology for streamlined rental services.

The Saudi Arabian real estate market, valued at $69.51 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 8% from 2025 to 2033. This expansion is fueled by several key drivers. Government initiatives like Vision 2030, aimed at diversifying the economy and improving infrastructure, are significantly boosting investment in both residential and commercial properties. A burgeoning population and rising urbanization are increasing demand, particularly for apartments and villas in residential sectors and offices, retail spaces, and hospitality venues in commercial sectors. Furthermore, increased foreign investment and a favorable regulatory environment are attracting both domestic and international players, contributing to market dynamism. However, challenges remain. While material costs and fluctuating interest rates can influence market stability, the overall growth trajectory remains positive, driven by the long-term vision and strategic economic diversification plans of the Saudi Arabian government. The market segmentation reveals a strong presence in both residential and commercial sectors. Residential real estate, encompassing apartments and villas, constitutes a significant portion of the market, driven by the increasing population and government initiatives focused on affordable housing solutions. Commercial real estate, including offices, retail spaces, hospitality, and other sectors, is witnessing growth due to expansion in various industries and increased tourism. Key players like Emaar, Jabal Omar, and Sedco Development are actively shaping the market landscape, alongside international firms such as JLL and Century 21. The competitive landscape is dynamic, with both established players and new entrants vying for market share, further fueling innovation and competition in the sector. The forecast period suggests continued growth, albeit with potential fluctuations influenced by global economic conditions and local regulatory adjustments. Recent developments include: May 2023, The National Security Services Company (SAFE), which leads the transformation of the local security services sector, has signed an acquisition agreement to acquire ABANA Enterprises Group Company's assets connected to the transit of cash and valuable goods. ABANA Enterprises Group Company is at the forefront of providing such services in the Kingdom. The acquisition of ABANA Enterprises Group Company's assets connected to the transit of cash and valuable goods will help SAFE achieve its primary goal of providing the most advanced security solutions and services for customers., July 2022, SEDCO Capital REIT Fund's board has approved acquiring two income-generating real estate assets worth SR700 million (USD 187 million), located in Riyadh and Jeddah. This acquisition will be covered by new units and by using banking facilities in accordance with the Fund's terms and conditions, according to a bourse filing. The Fund expects that this acquisition will positively impact its overall performance, as it seeks to add value to its portfolio, as well as its unitholders.. Key drivers for this market are: 4., Growth in Commercial Activities and Increased Competition4.; Increasing Demand for Affordable Housing Units. Potential restraints include: 4., Growth in Commercial Activities and Increased Competition4.; Increasing Demand for Affordable Housing Units. Notable trends are: The Residential Sector Sustains Country's Real Estate Market.

The Saudi Arabian real estate market, currently valued at XX million (estimated based on the provided CAGR and market trends), is experiencing robust growth, projected at a CAGR of 8.65% from 2025 to 2033. This expansion is fueled by several key drivers, including substantial government investment in infrastructure projects like Neom and Vision 2030, a burgeoning population and expanding middle class increasing housing demand, and the diversification of the Saudi economy away from oil dependence. The market is segmented by property type (offices, retail, industrial, logistics, multi-family, hospitality) and key cities (Riyadh, Jeddah, Makkah), reflecting varied growth patterns across these sectors and geographic locations. While the hospitality sector benefits from increased tourism and mega-events, the residential (multi-family) segment is primarily driven by population growth and government initiatives to increase affordable housing. The industrial and logistics sectors are experiencing significant growth due to the kingdom’s strategic location and focus on expanding its non-oil sectors. Major players like Al Saedan Real Estate, Kingdom Holding Company, and SEDCO Development are shaping the market landscape alongside international firms like JLL and Century 21, indicating a blend of domestic and international investment. Growth within the Saudi real estate market faces potential restraints. These include fluctuating global oil prices which impact investor confidence, and potential regulatory changes affecting construction and development. Moreover, land scarcity in certain prime locations, especially in major cities, could constrain supply and impact pricing. However, the long-term outlook remains positive, driven by the government's ongoing commitment to Vision 2030, which aims to transform the Saudi economy and improve the quality of life for its citizens. The continued diversification of the economy and the development of new cities and infrastructure projects will act as significant catalysts for sustained growth in the coming years. The market is likely to witness a shift towards sustainable and technologically advanced real estate developments, aligning with global trends in the sector. Recent developments include: May 2023: Rotana, one of the leading hotel management companies, has signed four 'Edge by Rotana' and one 'Rayhaan by Rotana' properties in partnership with Memar Development & Investment at the Future Hospitality Summit 2023. Rotana currently operates 73 hotels in the Middle East, Africa, Eastern Europe and Turkiye, serving more than six million guests per year, including 10,012 keys across 36 hotels in the UAE alone., October 2022: ROSHN, the national real estate developer of the Kingdom of Saudi Arabia, and Esri, the world authority in location intelligence, signed a memorandum of understanding (MOU). ROSHN is supported by the PIF, the nation's Public Investment Fund. With the help of the partnership, ROSHN will be able to better design and create 200 million square meters of sustainable neighborhoods across Saudi Arabia by utilizing Esri's spectrum of geographic information system (GIS) products and solutions.. Key drivers for this market are: Increasing Spending on the Commercial Construction, Increasing Demand for Commercial Spaces Due to Increasing E-commerce. Potential restraints include: Increasing Spending on the Commercial Construction, Increasing Demand for Commercial Spaces Due to Increasing E-commerce. Notable trends are: Rise in the retail sector in Riyadh driving the market.

The Thai real estate market, valued at $54.90 billion in 2025, exhibits robust growth potential, projected at a 5.41% Compound Annual Growth Rate (CAGR) from 2025 to 2033. This expansion is fueled by several key factors. Firstly, Thailand's burgeoning tourism sector continuously drives demand for hospitality and residential properties, particularly in popular destinations like Bangkok, Phuket, and Pattaya. Secondly, a growing middle class and increasing urbanization contribute significantly to the residential segment's growth. Furthermore, government initiatives aimed at infrastructure development and foreign investment further stimulate market activity. The industrial and logistics segment also experiences strong growth due to Thailand's strategic position in Southeast Asia's manufacturing and supply chains. However, challenges such as fluctuating interest rates, potential economic slowdowns, and regulatory changes present potential restraints on market growth. The market is relatively concentrated, with major players like Pruksa Real Estate, LPN Development, and Sansiri dominating the landscape. While the residential segment currently holds the largest market share, the hospitality and industrial segments are poised for significant growth in the coming years. The diverse geographic distribution of projects across major cities reflects the balanced growth pattern of the market. The forecast period (2025-2033) anticipates a steady increase in market value, driven by continued economic growth and investment in infrastructure. The segmentation by property type (residential, office, retail, hospitality, industrial and logistics) and major cities provides granular insights into market dynamics. While the provided data focuses on Thailand, the global context underscores the interconnectedness of real estate markets. International investment and tourism play significant roles in shaping the Thai real estate landscape, reflecting global economic trends and investor confidence. Analyzing the competitive landscape reveals a mix of established developers and emerging players, fostering innovation and competition within the sector. Understanding these interwoven factors is crucial for navigating the complexities and opportunities presented by the dynamic Thai real estate market. Recent developments include: January 2024: Sansiri Public Company Limited, a Thai real estate developer, designated Phuket as a strategic location to launch 16 new projects with a total value of THB 15 billion (USD 416.6 million) over the next five years. Sansiri is also expected to establish a new regional headquarters in Phuket to provide excellent after-sales services, reaffirming its commitment to serving both local and international customers.December 2023: Saudi Arabia and Thailand collaborated to enhance innovation and entrepreneurship, strengthening their bilateral ties. The bilateral trade relationship witnessed an uptick, with Riyadh hosting a four-day trade show in August featuring over 100 manufacturers and entrepreneurs from Thailand showcasing products across various sectors.. Key drivers for this market are: The Rise in e-commerce and digitalization. Potential restraints include: The Rise in e-commerce and digitalization. Notable trends are: Growth in Tourism is Driving the Market.

The Saudi Arabian condominiums and apartments market is experiencing robust growth, fueled by a burgeoning population, rising urbanization, and government initiatives promoting affordable housing. The market, estimated at XX million in 2025, is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 7% through 2033. Key drivers include the Vision 2030 plan's focus on infrastructure development, increasing tourism, and a growing middle class seeking modern housing options. This demand is particularly concentrated in major metropolitan areas such as Riyadh, Jeddah, and Dammam, which account for a significant portion of the market share. However, other cities are also witnessing considerable growth as infrastructure improves and economic activity expands across the kingdom. Leading developers like Al Ra'idah Investment Company, Kingdom Holding Company, and Dar AI Arkan are playing a crucial role in shaping the market, contributing to the construction of high-quality residential units and influencing market trends. The market's segmentation, largely based on geographical location, reflects the varying levels of development and demand across different regions within Saudi Arabia. While the high CAGR indicates positive market sentiment, potential restraints could include fluctuations in oil prices and global economic uncertainty, which can impact investment and consumer confidence. Nevertheless, the long-term outlook remains optimistic, with continued growth anticipated due to the government's commitment to Vision 2030's objectives and the ongoing expansion of the country's economy. The Saudi Arabian real estate sector demonstrates a strong correlation between government policy and market performance. Continued investment in infrastructure, coupled with supportive government regulations facilitating foreign investment and affordable housing initiatives, are expected to further stimulate growth. The sustained growth trajectory is anticipated to be driven by increasing demand from both domestic and expatriate populations, driven by employment opportunities and a rising standard of living. The competitive landscape features a blend of established players and emerging developers, fostering innovation and providing a diverse range of housing options to cater to various market segments. Continuous monitoring of economic conditions, along with astute analysis of governmental policies, will be vital for accurately forecasting future market performance. The market segmentation by city highlights geographic variations in demand, allowing developers to effectively target specific market niches. This focused approach can be crucial for optimizing returns on investment and effectively contributing to the national housing development goals. Key drivers for this market are: 4., Rapid Urabanization4.; Increasing government investments. Potential restraints include: 4., Increasing cost of raw materials affecting the construction industry4.; Slowdown in economic growth affecting the market. Notable trends are: Increasing Demand in Saudi Arabia's Apartment Rental Market.

The GCC Aviation Infrastructure Market, valued at $129.93 million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 3.94% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the region's burgeoning tourism sector necessitates continuous expansion and modernization of airports and related infrastructure to accommodate increasing passenger numbers and air traffic. Secondly, significant government investments in infrastructure development projects across the GCC, particularly in the UAE and Saudi Arabia, are driving substantial demand for new airport construction, runway upgrades, and air traffic control systems. Thirdly, the strategic focus on enhancing air connectivity within the region and internationally is leading to the development of new airports and expansion of existing ones. While challenges such as fluctuating oil prices and economic volatility could potentially restrain growth, the long-term outlook remains positive, supported by consistent government support and the region’s strategic importance as a global aviation hub. The market segmentation reveals significant opportunities within various sectors. Production analysis indicates strong demand for construction materials and related services. Consumption analysis shows a positive correlation between GDP growth and aviation infrastructure spending. Import and export analyses highlight the reliance on international suppliers for specialized equipment and technology. Finally, price trend analysis shows a stable pricing environment, with potential for slight increases due to material and labor cost pressures. Key players such as Binladin Contracting Group, SMEC Holdings Limited, Al Naboodah Construction, TAV Construction, Al Jaber Group, and Dubai Aviation Engineering Projects are actively involved in shaping the market landscape through their participation in major projects. The regional breakdown shows the UAE and Saudi Arabia as the dominant markets, followed by other GCC nations. Future growth is expected to be geographically diversified, with a focus on enhancing air connectivity and infrastructure across the entire region. Key drivers for this market are: Increase in Internet of Things (IoT) and Autonomous Systems, Rise in Demand for Military and Defense Satellite Communication Solutions. Potential restraints include: Cybersecurity Threats to Satellite Communication, Interference in Transmission of Data. Notable trends are: Commercial Airport Segment will Showcase Remarkable Growth during the Forecast Period.

The Middle East aviation market, valued at $27.18 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.40% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, significant investments in infrastructure development across the region, including new airports and expanded existing facilities, are creating opportunities for increased air travel and related services. Secondly, the burgeoning tourism sector and the rise of low-cost carriers are driving passenger numbers significantly. Furthermore, government initiatives aimed at diversifying economies and fostering economic growth are indirectly supporting the aviation industry. Finally, the region's strategic geopolitical location and increasing cross-border trade contribute to high demand for both passenger and cargo air transport. However, the market's growth trajectory isn't without challenges. Fuel price volatility remains a major concern impacting operating costs for airlines. Geopolitical instability in certain parts of the region poses risks to flight operations and passenger confidence. Competition among established and emerging airlines is intensifying, leading to pressure on fares and profitability. Regulatory hurdles and environmental concerns related to aviation emissions are additional constraints. Segmentation analysis reveals that commercial aircraft (both passenger and freighter) dominate the market, followed by military aircraft and general aviation. Among the geographical segments, Saudi Arabia, the United Arab Emirates, and Turkey represent the largest markets, driven by their robust economies and expanding aviation infrastructures. Key players such as Boeing, Airbus, Lockheed Martin, and Dassault Aviation are actively competing to capture market share through technological innovation, strategic partnerships, and fleet modernization initiatives. This in-depth report provides a comprehensive analysis of the Middle East aviation market, encompassing the historical period (2019-2024), the base year (2025), and a detailed forecast for 2025-2033. The study covers key segments including commercial aircraft (passenger and freighter), military aircraft (combat and non-combat), and general aviation (helicopters, piston fixed-wing aircraft, turboprop aircraft, and business jets). Geographic coverage includes Saudi Arabia, the United Arab Emirates, Qatar, Israel, Turkey, and the Rest of the Middle East. The market is valued in millions of units, offering crucial insights for investors, industry stakeholders, and strategic decision-makers. This report is designed to maximize search engine visibility with high-volume keywords such as "Middle East aviation market," "Middle East aerospace," "aircraft market Middle East," "aviation industry Middle East," and "Middle East defense spending." Notable trends are: Commercial Aviation is expected to Dominate the Market During the Forecast Period.

In 2021, just above 97 percent of the employees in activities related to railway passenger transport were males. The total number of employees in jobs related to railway passenger transport was around 3.6 thousand employees. Overall, around 88 percent of the employees in the hospitality sector in the Kingdom were males.

The Saudi Arabian Meetings, Incentives, Conferences, and Exhibitions (MICE) market is experiencing robust growth, projected to reach $2.86 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 10.93% from 2025 to 2033. This expansion is fueled by several key factors. The Saudi Arabian government's Vision 2030 initiative, focused on diversifying the economy and boosting tourism, is a major catalyst. Significant investments in infrastructure, including state-of-the-art convention centers and improved transportation networks, are enhancing the country's ability to host large-scale events. Furthermore, a rising number of international and domestic business events, coupled with a growing affluent population keen on leisure and experiential travel, contributes significantly to the market's dynamism. The increasing popularity of unique event formats and a focus on sustainable and technologically advanced event solutions also contribute to market expansion. Major players like Sela, Benchmark Events, and 360LIVE are capitalizing on this growth, while smaller, specialized companies cater to niche segments. The market is segmented by event type (meetings, incentives, conferences, exhibitions) and revenue source (tickets, accommodation, F&B, advertising, others), allowing for targeted strategies and diverse revenue streams. The projected growth trajectory suggests a considerable increase in market value over the forecast period (2025-2033). While the exact breakdown of revenue streams within each segment requires further detailed data, it's reasonable to anticipate strong growth across all categories. The continued influx of international tourists and the government's sustained investments in tourism infrastructure will likely support this optimistic outlook. However, potential restraints, such as global economic volatility and competition from other regional MICE destinations, need to be considered for a comprehensive market analysis. Nonetheless, the overall outlook for the Saudi Arabian MICE market remains highly positive, driven by strategic government initiatives, infrastructural advancements, and a growing demand for high-quality events. Recent developments include: June 2024: Saudi Arabia unveiled the 'National Semiconductor Hub' as a strategic move to bolster localization. Following the launch of this ambitious initiative, the country aims to host approximately 50 semiconductor design firms by 2030., July 2023: Event Lab Middle East, in partnership with MDLBEAST, launched its inaugural Event Essentials Workshops. The initiative aims to equip businesses in the MICE market with insights from the country's youth and professionals, fostering a sustainable future.. Key drivers for this market are: Promoting Sectors such as Tourism, Entertainment, and Business Events, Leading Destination for International Business Events. Potential restraints include: Promoting Sectors such as Tourism, Entertainment, and Business Events, Leading Destination for International Business Events. Notable trends are: Rise in Sports Events is Supporting Market Growth.