GCC Event Management Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The GCC Event Management Market is Segmented by Event Type (Meetings, Incentives, Conventions, Exhibitions, and Other Event Types) and by Application (Academic, Business, Political, and Other Applications). The report offers market size and forecast values for the GCC event management market in USD million for the above segment

GCC Event Management Market Size

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GCC Event Management Industry Summary
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Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 6.00 %
Market Concentration Medium

Major Players

GCC Event Management Industry Major Player

*Disclaimer: Major Players sorted in no particular order

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GCC Event Management Market Analysis

The GCC Event Management Industry is poised to register a CAGR of more than 6% during the forecast period.

With the outbreak of the COVID-19 pandemic, event management companies in Dubai lost around USD 1.5 billion, affecting thousands of companies and employees across the Gulf. A single event is expected to support 440 jobs, ranging from truck drivers at the venue to inventory management and promoter. This creates a sudden shock to the industry as well as employment engaged with the industry.

Many companies established in Gulf offer state-of-the-art management, fast turnaround time, budget-friendly solutions, and dedication to client satisfaction in their event management business. Services offered by the industry include seminars and conferences, weddings and management, concerts and festival, corporate events, product launches, inaugurations, exhibitions, stage shows, private parties, and others.

GCC Event Management Market Trends

This section covers the major market trends shaping the GCC Event Management Market according to our research experts:

Increase in Hospitality Revenue is Surging the GCC Event Management Industry

The GCC event management industry has a positive relationship with the hospitality industry. An increase or decrease in revenue in one will have an almost proportional impact on the other. Saudi Arabia leads the hospitality revenue in the region, after which comes the United Arab Emirates, Qatar, Bahrain, Oman, and Kuwait.

Saudi Arabia and the United Arab Emirates are among the biggest markets in the Gulf, holding the most economic and corporate events. They are revenue pools for the GCC event management industry.

Hospitality Industry

Growth in Overall Spending is Propelling the GCC Event Management Industry

The level of income and spending increases with the level of growth and development in the region, which is a major factor driving the event management industry. The level of income of residents increases as they participate in different events and organize events related to household and commercial activities.

Dubai is widely regarded as the events capital of the world. With its incredible East-meets-West location for business activities, corporate events, and sporting events, travelers to the United Arab Emirates (UAE) are spoilt for choice with world-class events in some of the world's best venues within a single location.

Oman is among the GCC countries expected to grow with a GDP of 7.4%, followed by Saudi Arabia, Qatar, Bahrain, Kuwait, and the United Arab Emirates. This creates a positive environment for firms interested in investing in the Gulf event management market.

Percentage

GCC Event Management Industry Overview

Firms find opportunities to invest in Gulf countries in live events, promotions, activation, exhibitions, corporate events, and destination management, thus improving their sales with brand ambassadors.

Urban Events, Skyhigh, TEC, The Event Company, Emerald, Plan3Media, CWE, M&M Group, Great Wall Events, and GM Events are among the companies performing and operating in the GCC event management industry.

GCC Event Management Market Leaders

  1. Sky High

  2. The Event Company

  3. Luxury KSA

  4. Emerald Events and Exhibitions

  5. Urban Events Global

*Disclaimer: Major Players sorted in no particular order

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GCC Event Management Market News

  • In July 2022, the UAE-based Anghami, one of the leading music streaming platforms in the MENA region, acquired Spotlight Events. Spotlight Events is an events management company headquartered in Dubai and has offices in Lebanon, Jordan, Egypt, Morocco, and other GCC and MENA countries. The acquisition is aimed at Anghami's entry into the industry of live concerts and events, along with activations and offline activities.
  • In July 2022, the Saudi-based ALLGROUP unveiled its new identity to reflect the success of the company in the event management sector. ALLGROUP is one of the leading companies in Saudi Arabia and is specialized in the organization of conferences and events. It has organized more than 500 events in different fields, including art, culture, science, and others.

GCC Event Management Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 by Event Type

      1. 5.1.1 Meetings

      2. 5.1.2 Incentives

      3. 5.1.3 Conventions

      4. 5.1.4 Exhibitions

      5. 5.1.5 Other Event Types

    2. 5.2 By Application

      1. 5.2.1 Academic

      2. 5.2.2 Business

      3. 5.2.3 Political

      4. 5.2.4 Other Applicstions

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Urban Events

      2. 6.2.2 Sky High

      3. 6.2.3 TEC

      4. 6.2.4 The Event Company

      5. 6.2.5 Emerald

      6. 6.2.6 Plan3Media

      7. 6.2.7 CWE

      8. 6.2.8 M&M Group

      9. 6.2.9 Great Wall Events

      10. 6.2.10 GM Events*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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GCC Event Management Industry Segmentation

Event management is defined as the application of project management for the creation and development of large-scale events. It involves the study of a particular brand with the identification of the target audience, devising an event concept, and logistic planning and coordination of technical aspects before launching the event.

The GCC event management industry is segmented by event type (meetings, incentives, conventions, exhibitions, and other event types) and by application (academic, business, political, and other applications). The report offers market size and forecasts for the GCC event management market in value in USD million for the above segments.

The study tracks key market parameters, underlying growth influencers, and major vendors in the industry, which supports the market estimations and growth rates over the forecast period. The study also tracks the revenue accrued from GCC event management companies used by various end-user industries.

by Event Type
Meetings
Incentives
Conventions
Exhibitions
Other Event Types
By Application
Academic
Business
Political
Other Applicstions
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GCC Event Management Market Research FAQs

The GCC Event Management Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Sky High, The Event Company, Luxury KSA, Emerald Events and Exhibitions and Urban Events Global are the major companies operating in the GCC Event Management Market.

The report covers the GCC Event Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the GCC Event Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

GCC Event Management Industry Report

Statistics for the 2024 GCC Event Management Industry market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. GCC Event Management Industry analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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GCC Event Management Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)