(MENAFN) The whole value of 1.153 hospitality projects in the GCC nations surpassed USD148.4bn in the first quarter of the recent year.
Meanwhile, the sector's industry contains 7 percent of all active projects in the GCC's urban construction sector, while in dollar terms, hospitality projects reached 13 percent.
Accordingly, the GCC governments are preparing themselves for main global events that need extra hotel and tourism facilities that also will help them spread revenue sources.
Moreover, local tourism sector will get a major boost in the coming years due to the ongoing economic integration process and as the GCC nations prepares to develop a common market.
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