Market Size of GCC Event Management Industry
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*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.