GCC Event Logistics Market Size
| Study Period | 2024-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.37 Billion |
| Market Size (2029) | USD 2.10 Billion |
| CAGR (2024 - 2029) | 5.00 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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GCC Event Logistics Market Analysis
The GCC Event Logistics Market size is estimated at USD 1.37 billion in 2024, and is expected to reach USD 2.10 billion by 2029, growing at a CAGR of 5% during the forecast period (2024-2029).
- The Gulf Cooperation Council (GCC) is rapidly becoming an international hub for business, entertainment, and sporting events. In 2020, Expo 2020 took place in Dubai, and in the year2022, major events such as the FIFA World Cup (FIFA), Formula 1 GP (Formula 1), WAM (World Aquatics Championships), and Asian Games (Asian Games) were conducted in the GCC region. This has revitalized the industry, with many tourists visiting the GCC for these events. Saudi Arabia has also set itself the objective of becoming a center for meetings and business events.
- FIFA 2022 was the first global football tournament to be held in Qatar, and logistics have become an increasingly important aspect of the tournament. Qatar’s bid for the 2022 World Cup was based on a promise of a “Festival of Football,” which was the first of its kind in the region. Qatar’s extensive planning and preparation for the tournament is essential to ensure that this promise is kept. Qatar’s logistics needs were taken good care of, as the country is expected to host tens of thousands of spectators, officials, and athletes from all over the world. MATAR researched air logistics in Qatar, as well as the MATAR 2022 Airport Operations strategy, which was initially announced in 2021 and named GWC, a company based in Qatar that specializes in a wide range of supply chain services, such as warehousing and freight, commercial logistics, fine arts, and event logistics, as the primary operational provider for logistics in Qatar.
- In 2021, the corporate event management sector in Saudi Arabia saw a significant increase in revenue, with 65% of the sector's revenue coming from events held in Saudi Arabia. This is likely to remain the case in the years to come as the demand for corporate event management services in Saudi Arabia continues to grow. To meet this demand, the Kingdom had invested in modern stadiums and hosted important sports events.
- In 2019, Saudi Arabia's sports industry contributed USD 6.9 billion to the country's GDP. Saudi Arabia's sports sector is projected to contribute USD 6.4 trillion over the next decade. The government has pledged to invest over USD 2 billion in the sector by 2024, as well as USD 670 billion in the private sector to support sports clubs.
GCC Event Logistics Market Trends
Sports Events are Driving the Market
The Vision 2030 strategy is focused on diversifying the economy and responding to the challenges of low oil prices. It also aims to promote physical and social well-being through the QLWP. Sport is a key part of this strategy, as it aims to promote mass participation, improve Saudi Arabia's athletes' performance in international competitions, and expand the sports economy in the Kingdom. In recent years, the Kingdom has established itself as a leading platform for a flourishing sports events ecosystem. It hosts some of the biggest and most prestigious sports events around the world. This has a positive effect on other areas of the economy, such as tourism, national identity and culture, public health, and above all, youth and social empowerment. In particular, hosting major sporting events shows the Kingdom's commitment to diversity, inclusion, economic growth, and cultural outreach to the world, thus increasing FDI inflows.
The Saudi government's goal is to encourage more people to participate in sports, which will help diversify the economy and increase the sports sector's contribution to GDP. This growth presents several opportunities for companies involved in the sports industry, such as event organizers, sports facilities providers, and gyms. Although the sports industry is still in its infancy, it has the potential to contribute to GDP growth, FDI, employment, and other indirect benefits, such as stimulating tourism and improving the country's image. Large-scale international sporting events provide huge opportunities for partnerships, investment, and sponsorship throughout the sports value chain, such as venues, sports leagues, sports professionals, equipment, and merchandising. This growth in the sports industry will help to promote Saudi Arabia as a top tourism destination, create jobs in competitive sports, and drive the market forward.
Saudi Arabia is Dominating the Region
As the world awaits Saudi Arabia’s hosting of Expo 2030, it’s no secret that the world is looking forward to a global event that will bring together innovation, culture, and progress. However, there’s one aspect of this mega-event that’s often overlooked: logistics. Organizing a mega-event like Expo 2030 is no easy feat, and logistics is no exception. It’s no surprise, then, that logistics will be at the heart of Expo 2030’s success.
Expo 2030 is set to be a spectacular display of human accomplishments, bringing together countries to exchange ideas, strengthen partnerships, and promote innovation. However, the successful implementation and implementation of this vision relies heavily on the logistics backbone that makes everything run smoothly. Saudi Arabia, renowned for its bold initiatives and strategic visions, knows the importance of logistics in bringing dreams to life. The unsung hero of Expo 2030 will be the logistics sector, combined with state-of-the-art technology, strategic planning, and the efficient movement of exhibits, personnel, and resources.
The secret to this logistical miracle lies in optimizing supply chains, transportation, and infrastructure. The success of Expo 2030 depends on the ability to manage the large number of visitors, the handling of large cargo shipments of exhibits, and the smooth operation of the facilities and services. Technology will be at the forefront of modern logistics. From AI-powered supply chain management to intelligent inventory systems, the combination of cutting-edge technologies will improve operations and security and create an unforgettable experience for visitors.
Expo 2030 is an opportunity to demonstrate Saudi Arabia’s logistical excellence to the world. It acts as a catalyst to put the Kingdom’s logistics sector on the world stage, setting new standards for efficiency, sustainability, and innovation. Beyond the event, the impact of Expo 2030 will be felt through advances in logistics that go beyond borders. The exchange of knowledge, cooperation, and best practices created during the event will have a lasting impact and contribute to the development of global logistics standards.
For Instance, Due to World Expo 2030, in November 2022, the framework of Vision 2030, the Kingdom launched the National Industrial Development and Logistics Program (NIDLP), which has since opened five new shipping routes to ports in Europe, Africa, and Asia. The NIDLP has also established a strong network of local and regional networks to facilitate cross-border trade and freight movements to flourish with simplified and digitalized customs procedures. The NIDLP is supported by the national transport and logistics strategy, which aims to lay the basis for developing transportation structures through air, sea, and road. The strategy aims to expand sea freight capacity by 2030 and to develop a railway line for multi-modal connectivity. The goal of the strategy is to increase the contribution of the transport & logistics segment by 4% to achieve a GDP of 10% in the same year.
GCC Event Logistics Industry Overview
The event logistics market is highly fragmented, with many companies in the region. Many companies are focusing on organic growth strategies such as new product launches, approvals, patents, and events. Inorganic growth strategies such as acquisitions, partnerships, and collaborations have been observed in the market. These initiatives have allowed market participants to grow their business and customer base. As the demand for event logistics continues to grow in the global market, market payers within the event logistics market stand to gain from profitable growth in the future. Some of the leading companies in this industry are DHL Supply Chain, DP World, Agility, GWC Logistics, and others.
GCC Event Logistics Market Leaders
GWC logistics
DP World
Handle Logistics
Glaube Logistics
CSS Group
*Disclaimer: Major Players sorted in no particular order
GCC Event Logistics Market News
- December 2023: Saudi Arabia has unveiled a master plan for logistics centers, to improve the infrastructure of the logistics sector, diversifying the economy, and positioning the Kingdom as a major investment destination and global center for logistics. The master plan will involve the construction of 59 centers, with the majority of them located in the Saudi Royal City of Riyadh, with 17 centers in the Eastern region and 18 in the rest of Saudi Arabia. 21 centers are currently in the process of being built, and all centers will be completed by 2030. The logistics centers will offer unified logistics licenses through the Fasah Customs electronic platform, which will simplify import and export processes, shorten shipment clearance times, and make electronic document verification easier. Additionally, more than 1,500 logistics companies from the local, regional, and international sectors will be registered, allowing for more efficient exports of Saudi products.
- November 2023: The 2022 FIFA World Cup captivated the hearts and minds of football fans around the world and emerged as a triumph of logistics excellence. GWC was proud to be the 1st regional supporter and OPU for the 2022 FIFA World Cup – the 1st mega sporting event hosted in the Middle East and the Arab world. Thanks to careful planning and complex logistics operations, GWC was able to deliver an exceptional event on the world stage. To celebrate this incredible achievement, we have published a book called 'Delivering Glory' which outlines the logistics operations that went into this delivery. We would like to express our gratitude to the staff who went above and beyond to ensure that Qatar delivered an exceptional event.
GCC Event Logistics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Exhibitions and Conferences are driving the market
4.2.2 Sports Events are driving the market growth
4.3 Market Restraints
4.3.1 Lack of Skilled Labor
4.4 Market Opportunities
4.4.1 Technological Innovations in the Events
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers/Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Value Chain/ Supply Chain Analysis
4.7 Impact of COVID-19 on the market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Inventory Control
5.1.2 Distribution Systems
5.1.3 Logistics Solutions
5.2 By Application
5.2.1 Entertainment
5.2.2 Sports
5.2.3 Trade fair
5.2.4 Others
5.3 By Country
5.3.1 Qatar
5.3.2 UAE
5.3.3 Saudi Arabia
5.3.4 Kuwait
5.3.5 Rest of the GCC region
6. COMPETITIVE LANDSCAPE
7. Overview (Market Concentration and Major Players)
8. Company Profiles
8.1 GWC logistics
8.2 DP World
8.3 Handle Logistics
8.4 Glaube Logistics
8.5 CSS Group
8.6 Sasat Logistics
8.7 Gulf Agency Company
8.8 4Events
8.9 SOS Global Logistics
8.10 Bin Yousef Cargo
8.11 Clarion Integrated Logistics Solutions
8.12 MENO Logistics*
- *List Not Exhaustive
9. *List Not Exhaustive
10. Other Companies
11. MARKET OPPORTUNITIES AND FUTURE TRENDS
12. APPENDIX
GCC Event Logistics Industry Segmentation
Event logistics refers to the organization and coordination of all participants and resources involved in each event. This includes the storage of equipment, the selection of a venue, the registration of participants, and the transportation of materials. The market size captures the revenue accrued by the logistics companies through the provision of services such as transportation, storage, and other value-added services.
The report provides a comprehensive background analysis of the market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the industry's competitive landscape.
The GCC event logistics market is segmented by type (inventory control, distribution system, and logistics solutions), by application (entertainment, sports, trade fair, and other applications), and by country (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain). The report offers the market size and forecasts in value (USD) for all the above segments.
| By Type | |
| Inventory Control | |
| Distribution Systems | |
| Logistics Solutions |
| By Application | |
| Entertainment | |
| Sports | |
| Trade fair | |
| Others |
| By Country | |
| Qatar | |
| UAE | |
| Saudi Arabia | |
| Kuwait | |
| Rest of the GCC region |
GCC Event Logistics Market Research FAQs
How big is the GCC Event Logistics Market?
The GCC Event Logistics Market size is expected to reach USD 1.37 billion in 2024 and grow at a CAGR of 5% to reach USD 2.10 billion by 2029.
What is the current GCC Event Logistics Market size?
In 2024, the GCC Event Logistics Market size is expected to reach USD 1.37 billion.
Who are the key players in GCC Event Logistics Market?
GWC logistics, DP World, Handle Logistics, Glaube Logistics and CSS Group are the major companies operating in the GCC Event Logistics Market.
What years does this GCC Event Logistics Market cover, and what was the market size in 2023?
In 2023, the GCC Event Logistics Market size was estimated at USD 1.30 billion. The report covers the GCC Event Logistics Market historical market size for years: . The report also forecasts the GCC Event Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
GCC Event Logistics Industry Report
Statistics for the 2024 GCC Event Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Event Logistics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
