{"id":23808,"date":"2019-01-17T15:34:18","date_gmt":"2019-01-17T12:34:18","guid":{"rendered":"https:\/\/www.amlak.net.sa\/home\/?p=23808"},"modified":"2019-01-17T15:34:18","modified_gmt":"2019-01-17T12:34:18","slug":"%d9%85%d8%b4%d8%a7%d8%b1%d9%8a%d8%b9-%d9%81%d9%86%d8%af%d9%82%d9%8a%d8%a9-%d9%81%d9%8a-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d8%a9","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/23808\/","title":{"rendered":"USD 30 billion worth of hotel construction contracts in the Middle East through 2023"},"content":{"rendered":"

 Released \u201cArab Hotel Investment Forum 2019<\/a> Annual Hotel Investment Forecast, which forecasts that hotel construction contracts will reach nearly US$30 billion in the Middle East and North Africa (MENA) region between now and 2023. According to the study: The most active hotel construction projects are in: United Arab Emirates, Egypt and Saudi Arabia, making these markets the ones to watch in 2019.<\/p>\n\n\n\n

For its part, MedProjects, which specializes in monitoring and measuring the performance of hotel projects, revealed. <\/p>\n\n\n\n

Saudi Arabia, the UAE and Egypt will lead the Middle East with planned and ungranted hotel projects worth up to SAR 45 billion.<\/p>\n\n\n\n

According to the study, these projects include several large-scale hotel projects in Saudi Arabia and the UAE.<\/p>\n\n\n\n

According to the Arab Hotel Investment Forum's (AHIF) hotel investment forecast. <\/p>\n\n\n\n

Investment levels show no signs of slowing down in the region.<\/p>\n\n\n\n

44 billion dollars worth of hotel projects <\/strong><\/h3>\n\n\n\n

James continued: The value of hotel construction contracts awarded in the region is expected to reach $30 billion over the next five years. Ed James, Director of Content and Analysis at MEED Projects, said: \u201cThe MENA region has seen the construction of more than 800 new hotels worth more than $44 billion over the past seven years. He explained: \u201dThis is more than double the value of contracts awarded in Saudi Arabia, the second highest country, which amounted to more than US$10 billion over the same time period.<\/p>\n\n\n\n

\"Egypt has a strong and well-established tourism sector and is considered the second largest prospective market, with more than US$4 billion worth of hotel projects in the pipeline. Saudi Arabia with projects worth 3.9 billion<\/a> US dollars. \u201cThe UAE is leading the growth in hotel construction in the region, with more than US$20 billion worth of construction contracts awarded since 2012, and the region's top hotel investment trends will be discussed at the 15th Arabian Hotel Investment Forum, taking place from April 9-11, 2019 at the Arabian Hotel Investment Conference Village<\/p>\n\n\n\n

=======<\/p>\n\n\n\n

Points about hotel projects<\/h3>\n\n\n\n

USD 30 billion worth of hotel construction contracts in the Middle East through 2023.<\/p>\n\n\n\n

Top markets: United Arab Emirates, Egypt, and Saudi Arabia.<\/p>\n\n\n\n

For its part, MedProjects, which specializes in tracking and measuring the performance of hotel projects.<\/p>\n\n\n\n

Hotel projects worth up to SAR 45 billion are expected.<\/p>\n\n\n\n

The construction of more than 800 new hotels worth more than $44 billion over the past seven years.<\/p>\n\n\n\n

Egypt is the second largest prospective market, with more than USD 4 billion worth of hotel projects in the pipeline.<\/p>\n\n\n\n

Saudi Arabia is the second largest prospective market with US$3.9 billion worth of art projects.<\/p>\n\n\n\n

Saudi Arabia is the second highest country to award contracts for hotel projects worth USD 10 bn.<\/p>\n\n\n\n

The UAE leads the region's hotel construction sector with contracts worth more than USD 20 billion.<\/p>\n\n\n\n

Hotel projects worth up to SAR 45 billion are expected.<\/p>\n\n\n\n

Hotel projects worth up to SAR 45 billion are expected.<\/p>\n\n\n\n

The construction of more than 800 new hotels worth more than $44 billion over the past seven years.<\/p>\n\n\n\n

Saudi Arabia is the second highest country to award contracts for hotel projects worth USD 10 bn.<\/p>\n\n\n\n

Saudi Arabia is the second highest country to award contracts for hotel projects worth USD 10 bn.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span> The \u201cArab Hotel Investment Forum 2019\u201d released its annual hotel investment forecast, which projects that the value of hotel construction contracts will reach approximately $30 billion in the Middle East and North Africa region between now and 2023. According to the study, the most active hotel construction projects are located in the United Arab Emirates, Egypt, and Saudi Arabia\u2026 Read more<\/a><\/p>","protected":false},"author":10,"featured_media":23809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u0645\u0634\u0627\u0631\u064a\u0639 \u0641\u0646\u062f\u0642\u064a\u0629 .. 30 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0631\u064a\u0643\u064a \u0642\u064a\u0645\u0629 \u0639\u0642\u0648\u062f \u0627\u0644\u0628\u0646\u0627\u0621 \u0627\u0644\u0641\u0646\u062f\u0642\u064a \u0641\u064a \u0627\u0644\u0634\u0631\u0642 \u0627\u0644\u0623\u0648\u0633\u0637 \u062d\u062a\u0649 \u0639\u0627\u0645 2023","_seopress_titles_desc":"30 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0631\u064a\u0643\u064a \u0642\u064a\u0645\u0629 \u0639\u0642\u0648\u062f 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