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Saudi Arabia’s Vision 2030 economic diversification program is advancing the MICE industry, which is one of the fastest growing segments in its tourism ecosystem. According to Mordor Intelligence’s forecast, Saudi Arabia’s MICE industry is expected to grow at a 9.82% CAGR through 2031, reaching US$5.65billion, reflecting the Kingdom’s substantial investment in venues and infrastructure, including aviation, hospitality and supporting infrastructure. Government spending on business events venues in Riyadh, Jeddah, and other cities reached US$1.3billion in 2023. New exhibition space, hotel rooms, and airport capacity are also being built to meet the growing demand for delegates. Saudi Arabia’s MICE industry is experiencing a period of unprecedented growth, according to Danielle Curtis, Regional Director – UAE, RX. With market value projected to exceed US$5.5 billion by 2031, business events are pivotal in accelerating tourism development, driving demand for premium hotels, and strengthening international partnerships.ADVERTISEMENT”WTM Spotlight Riyadh provides a focused platform to showcase the Kingdom’s rapidly expanding event infrastructure and connect global planners with on-the-ground stakeholders.”Globally, the MICE market is expected to reach over US$3 trillion by 2034, according to Fortune Business Insights, with Saudi Arabia becoming an increasingly influential outbound MICE market. Saudi Arabia is diversifying its operations and expanding globally in line with Vision 2030. As a result, the demand for large-scale incentive programs, corporate travel programmes and international meetings is increasing rapidly. Corporate planners are moving away from traditional reward-based incentives towards more strategic, performance focused programmes that aim to boost employee engagement, build global partnerships, and achieve measurable business results. This development presents a great opportunity for international destinations, convention bureaus, hotels, and event venues. The event will bring together Saudi corporate travel organisers, procurement specialists, event organisers, and incentive agencies to showcase global destinations and suppliers’ venues, services, and event solutions directly to decision-makers shaping the Kingdom’s outbound MICE programmes. The event will bring together Saudi corporate travel organisers with procurement specialists, event organisers and incentives agencies to showcase global destinations and suppliers’ venues, services and event solutions to decision makers shaping the Kingdom’s outbound MICE programs.

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The In The The It In Cav The ready market recorded a more modest 15.4 per cent rise.ADVERTISEMENTAli Siddiqui, Research Manager at Cavendish Maxwell, told Breaking Travel News that off-plan has become “a defining feature of the current cycle”, accounting for 67.1 per cent of all residential transactions in Abu Dhabi so far this year.Demand, he said, continues to be supported by domestic and international buyers, drawn by competitive payment plans, lifestyle-led master-planned developments and strong product positioning.There is, however, an important caveat. The The The Abu ” The The announcement follows Disney’s plan for a new theme park resort on Yas Island, further strengthening the island’s position as one of the world’s most ambitious leisure and entertainment destinations.Saadiyat, meanwhile, continues to consolidate its position as Abu Dhabi’s cultural flagship. The AD Sa Ya Re ( ” The Many The escrow structure and the regulatory framework around off-plan sales have made the market considerably more attractive for international buyers.”That emphasis on safeguards is running through the wider UAE market.Cavendish Maxwell points to tighter escrow controls in Abu Dhabi, regulating developer withdrawals before 20 per cent project completion, alongside mandatory digital registration of off-plan Expressions of Interest for new developments.Crompton also highlights Abu Dhabi’s off-plan protections, noting that buyer funds are paid into escrow accounts and linked to construction milestones. This Cro Location Off Broker ” The The Li The Dubai Holding, the company owned by Dubai’s ruler became Emaar Properties largest shareholder after purchasing a 22.27 percent stake from the main sovereign wealth fund of the emirate. This brings its total stake up to 29.73 percent. Dubai Holding, according to Reuters, said that the deal reflected its confidence in Emaar’s market position, asset-quality, long-term prospects, and the enduring fundamentals for Dubai’s real estate and economy. (Reuters)The next twelve to 18 months will be defined by selectivity, rather than simply momentum. In Abu Dhabi, key indicators will include rental performances over the summer, pace of international buyers returning, continued absorption in Saadiyat Yas and Reem and the extent to ADGM’s growing continues to translate into residential demands. The UAE has a lot of demand, but buyers have become more sophisticated. It has liquidity but capital is selective. Credibility is more important than ever. For real estate, this is a more mature stage of growth. The UAE property market is not just about villas, towers and homes. It’s about cultural districts, entertainment island, branded residences. waterfront destinations, financial centers, and lifestyle infrastructure. It is learning to build through gravity.