The GCC hospitality and leisure-recreation market is poised for growth, led notably by the UAE and Saudi Arabia at a value of approximately $178.8 billion, according to a BNC report.
Consisting of two sectors, the market is lead by hospitality which consists of projects related to hotels, hotel apartments and resorts. The combined estimated value of GCC projects in this sector is $126.8 billion.
The second sector is leisure and recreation, consisting of projects related to cinemas, theatres and auditoriums, golf courses, race courses, parks, stadiums, theme and water parks, animal reserves and zoos, sports clubs and facilities, museums and galleries. The combined estimated value of leisure and recreation projects is $52.0 billion.
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