Technical Study
Mashroo3k Consulting offers a feasibility study for a residential complex project in Egypt, ensuring the highest return on investment and the best payback period. This is achieved through comprehensive studies of the Egyptian real estate market, in-depth analysis of competitors’ strategies, and the development of competitive pricing proposals.
The residential complex project provides rental housing units with top-quality finishes and the latest amenities. In addition, the complex offers a wide range of services such as security and surveillance, a parking garage, a health club, a laundry service, a restaurant, a gym, and other facilities that ensure a comfortable and convenient living experience for residents.<br>Mashroo3k Consulting offers investors interested in developing a residential complex in Egypt a comprehensive set of specialized feasibility studies. These studies are based on up-to-date databases tailored to the Egyptian market, helping to ensure the project’s success while achieving the highest return on investment and the best payback period.
Executive summary
Study project services/products
Market Size Analysis.
Financial Study
Organizational and Administrative Study
Risk Study
The Tourism Sector in the GCC Countries
The tourism sector is one of the most significant contributors to global GDP. Its direct contribution accounts for 3.3% of total global GDP, while its overall contribution reaches 10.4%, amounting to USD 9.2 trillion. Moreover, tourism-related jobs represent 10.6% of all global employment, totaling approximately 334 million jobs. Global spending on leisure travel is estimated at around USD 2.37 trillion. It’s worth noting that tourism continues to grow steadily, creating one in every four new jobs worldwide. This provides a brief overview of global tourism indicators.
As for tourism indicators in the GCC countries, they are as follows:
The total number of international tourists arriving in the GCC countries reached 43.8 million, with an annual decline rate of 0.3% over a five-year period.
When expressed in percentages, the UAE alone accounted for approximately 49.2% of these arrivals, followed by Saudi Arabia with 31.1%. The chart below (not included here) shows the distribution of inbound tourists among the other GCC countries.
Spending by international tourists in the GCC has seen continuous growth, reaching USD 81.1 billion—an annual increase of 12.1%.
The UAE captured 47.3% of the total inbound tourist spending in the region.
Tourists spent a total of 303.2 million nights across the GCC, with Saudi Arabia accounting for 57.4% of those nights.
The number of intra-GCC tourists reached approximately 12.6 million people.
Intra-GCC tourism represented 28.7% of all inbound tourism to the region. Bahrain led in attracting these intra-GCC tourists, receiving 95.6% of its visitors from within the region.
According to a publication by the GCC Statistical Center, the total number of hotel establishments across the GCC stood at 11,119.
These establishments include a total of approximately 620,517 rooms, with a projected growth rate of 2.3%.
The leisure and hospitality construction market in the GCC is expected to reach USD 642.3 billion by 2023.
According to the United Nations World Tourism Organization (UNWTO), the GCC is projected to receive up to 195 million visitors by 2030.
There is no doubt that the COVID-19 pandemic had a significant impact on global travel and tourism indicators, with the sector’s contribution to global GDP dropping to just 6.1%, down from 10.3% the year before the pandemic. However, the sector has recently begun to recover, as confirmed by global indicators. For this reason, Mashroo3k Consulting recommends investing in this vital sector, based on the following:
According to the UN World Tourism Organization (UNWTO), the number of international tourists increased from 25.2 million in 1950 to 1.4 billion after 68 years.
By the end of 2021, 2,246 hotels were opened globally, and this number was expected to reach 2,805 hotels by the end of 2022, and 2,934 hotels by the end of 2023.
In 2021, 340,700 hotel rooms were opened worldwide, with projections indicating this number would rise to 428,000 rooms by the end of 2022, and to 447,600 rooms by 2023.
By the end of 2021, the global tourism sector’s contribution to GDP grew by 21.7% compared to the previous year, which had seen severe pandemic-related disruptions. The sector contributed approximately USD 5.81 trillion to global GDP.
Additionally, the global tourism market was valued at USD 1.311 trillion, and it is expected to reach USD 2.291 trillion by 2030, excluding the pandemic’s effects.
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