Cityscape Global Returns to Riyadh in November 2025
Cityscape Global, will return to the Exhibition and Convention Centre in Malham, Riyadh, from 17 - 20 November 2025. Held under the theme "The Future of Urban Living", the event is sponsored by the Ministry of Municipalities and Housing (MOMAH) in partnership with the Real Estate General Authority (REGA), Vision 2030, the Housing Program, and organised by Tahaluf.
This year, the world's largest real estate event will once again bring together over 172,000 participants across the whole real estate value chain - from developers and architects to institutional investors, technology providers, and policymakers. While Cityscape Global is renowned for showcasing the scale and ambition of Saudi Arabia's real estate transformation, it also has a global dimension, with more than 70 international developers and over 20,000 international attendees represented at last year's show.
Notably, 2025 will also see the co-location of ESTAAD, Saudi Arabia's first platform dedicated to the entire international ecosystem behind stadiums, sports, and mega-event infrastructure. This year's edition, therefore, promises to be the largest and most impactful yet, featuring over 450 world-class exhibitors, 500 speakers, four curated conferences, and two VIP networking programmes for institutional investors and international developers.
H.E. Majed bin Abdullah bin Hamad Al-Hogail, Minister of Municipalities and Housing, stated: "The 2025 edition of Cityscape Global, set to take place this November, represents a significant opportunity to forge new partnerships and strengthen collaboration as we pursue the ambitious objectives of Vision 2030. This exhibition plays a crucial role in supporting our efforts to develop integrated urban communities, improve the quality of life for citizens and residents, and drive sustainable economic growth. We welcome stakeholders from across the real estate value chain—both locally and globally—to join us in shaping the future of living, here in Saudi Arabia and beyond."
Faisal Al-khamissi, Chairman of the Saudi Federation for Cybersecurity, Programming and Drones and a founding partner of Tahaluf, said: "This year, we aim to leverage the outstanding successes achieved by Cityscape Global in its previous editions, particularly what was recorded in 2024 in terms of the value of transactions and the increase in global participation, with the total deals exceeding the value of $61 billion, and participating countries reaching 121; reflecting the growing global significance of this exhibition, which continues to establish its international presence as one of the most important platforms for conducting real estate business deals in this sector." He emphasized the organizers' commitment to achieving further successes in the 2025 edition and providing more distinguished events to continue contributing to shaping the future of the global real estate sector, which enhances the Kingdom's leadership and its prominent role in leading developmental pathways across various sectors, hosting and organizing international conferences and major global events.
This year, Cityscape Global will include:
Future of Living Summit - Where decisions that shape smarter cities happen. Bringing together ministers, mayors, billion-dollar developers, and leading investors. The programme will provide an overview of federal strategies, reveal insights into the world's most ambitious developments, and explore the latest in AI, PropTech, and sustainable urban design.
- Where decisions that shape smarter cities happen. Bringing together ministers, mayors, billion-dollar developers, and leading investors. The programme will provide an overview of federal strategies, reveal insights into the world's most ambitious developments, and explore the latest in AI, PropTech, and sustainable urban design. DnA (Developers & Architects) Stage - The DnA Stage is the premier platform connecting award-winning urban planners, top architecture firms, facility managers, and ESG experts with the region's leading developers. Focused on practical insights, the programme will define the DNA of cities through human-centric planning, sustainable retrofits, and advanced construction solutions.
- The DnA Stage is the premier platform connecting award-winning urban planners, top architecture firms, facility managers, and ESG experts with the region's leading developers. Focused on practical insights, the programme will define the DNA of cities through human-centric planning, sustainable retrofits, and advanced construction solutions. Innovation Arena - The Innovation Arena provides an opportunity for startups to showcase the latest tech innovations in real estate at the Cityscape Innovation Challenge and connect with the next wave of architects at the Future Leaders Hackathon. This stage will also provide up to date market information on homeownership and mortgages in Saudi Arabia.
- The Innovation Arena provides an opportunity for startups to showcase the latest tech innovations in real estate at the Cityscape Innovation Challenge and connect with the next wave of architects at the Future Leaders Hackathon. This stage will also provide up to date market information on homeownership and mortgages in Saudi Arabia. ESTAAD - ESTAAD co-located with Cityscape Global connects the entire sports and entertainment infrastructure ecosystem, providing an opportunity to gain insights from sports federations, expo organisers, Olympic committees, celebrity athletes, top architects, and venue operators.
Cityscape Global to host world's real estate leaders
Notable global real estate leaders speaking at Cityscape Global 2025 include:
Sally Capp, Former Mayor of Melbourne
Darren Bechtel, Founder & Managing Director Brick & Mortar Ventures – the largest ConTech VC globally
Stefano Boeri, Acclaimed Architect and Creator of Bosco Verticale
Mitchell Silver, Former New York City Parks Commissioner
Anil Erdem, Managing Director, BentallGreenOak
In addition, November's event brings together world-class exhibitors, who will showcase their real estate and lifestyle projects to global investors, top industry influencers and decision-makers who are driving innovation and shaping the future of real estate. USA, China, India, UK, Italy, UAE, Qatar and Jordan make up just some of the international countries with real estate representation at this year's Cityscape Global. Brands such as Qatari Diar Real Estate Investment Company, Hovnanian Real Estate, BID 3D Models LLC, Jordan Gate for Real Estate, Commercial & Tourism Investment Co., Dongying Yiheng New Building Materials Co., Ltd., Iris Ceramica Group, JLL and Property Automate have also confirmed their attendance.
Jerry Inzerillo, Group CEO, Diriyah Company, explained: "Diriyah Company is building one of the world's most unique contemporary urban developments – The City of Earth. Our goal is to uplift the quality of life for over 100,000 residents, creating a hub for entertainment, education, and work. Offering residents and visitors iconic experiences such as the Royal Diriyah Opera House and numerous other hospitality, retail & entertainment assets. At Cityscape Global in 2024, we successfully launched the 'Signature Collection of The Ritz-Carlton Residences Diriyah" and the 'Raffles Residences Diriyah', which were extremely well received by the marketplace, and in 2025 we are looking to realize even more successes."
In addition, renowned developers such as Ajdan, Ajlan & Bros, Ajlan Riviera, Al Basateen, Al Majdiah, Al Othaim, Abdulrahman Saad AlRashed and Sons Co., Dar wa Emaar, Mohammed Al Habib, Osool, OSUS, Rafal, Retal, and Zood are committed Diamond Partners to Cityscape Global. They will showcase various cutting-edge projects, which are shaping the future of real estate innovation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a day ago
- Yahoo
[Latest] Saudi Arabia Facility Management Market is Projected to Hit Market Valuation of US$ 111.07 billion by 2033
Giga-projects under Vision 2030 are reshaping the Saudi Arabia facility management market. This creates immense demand for outsourced, technology-driven soft services, prioritizing sustainability and world-class user experiences across a rapidly expanding built environment. Chicago, Aug. 08, 2025 (GLOBE NEWSWIRE) -- The Saudi Arabia facility management market was valued at US$ 48.04 billion in 2024 and is expected to reach US$ 111.07 billion by 2033, growing at a CAGR of 10.16% during the forecast period 2025–2033. The Kingdom of Saudi Arabia is undergoing a seismic economic transformation, and at the heart of this evolution lies a golden opportunity within its facility management sector. Driven by the colossal ambition of Vision 2030, the Saudi Arabia facility management market is no longer a secondary consideration but a critical enabler of national development. With the government committing approximately $1 trillion to diversify its economy away from hydrocarbons by 2035, the scale of development is staggering. This investment is creating entirely new cities, futuristic tourist destinations, and world-class infrastructure from the ground up. Request Sample Pages: The recently published and updated report presents an unparalleled demand for sophisticated, technology-driven, and sustainable facility management solutions. As the Kingdom constructs projects on a giga-scale, the long-term operational and maintenance needs are immense, creating a robust, multi-billion-dollar pipeline for FACILITY MANAGEMENT providers. The opportunities extend across every vertical, from hospitality and healthcare to industrial and commercial real estate. For stakeholders and market players, the message is clear: the Saudi Arabia market is entering a phase of exponential growth, offering returns and partnerships on a scale rarely seen anywhere in the world. This is not just a market; it is the bedrock of a new, diversified Saudi economy. Key Findings in Saudi Arabia Facility Management Market Market Forecast (2033) US$ 111.07 billion CAGR 10.16% By Service Type Soft Services (74.33%) By Mode of Service Outsourced Facility Management (55.62%) By Enterprise Size Large Enterprises (67.55%) By Service Delivery Model Contract-Based (76.32%) By End User Business and Corporate (25.20%) Top Drivers Vision 2030 giga-projects create massive infrastructure development demand. Government focus on economic diversification, tourism, and urban living. Increasing awareness of facility management's role in operational efficiency, cost-saving. Top Trends Rapid adoption of technology like IoT and AI. Growing demand for integrated facility management solutions. Strong emphasis on sustainability and energy-efficient green building practices Top Challenges Significant shortage of skilled local facility management professionals. Navigating evolving government regulations and international service standards. Rising cybersecurity threats to integrated and smart building systems. Vision 2030 Giga-Projects: The Unrivaled Catalyst for Unprecedented FACILITY MANAGEMENT Sector Expansion The primary engine powering demand in the facility management market is Vision 2030's portfolio of giga-projects. The government has already channeled an initial $500 billion into the futuristic NEOM project as of 2024. This monumental undertaking, alongside others, is supported by a 2023 infrastructure and transport budget of SAR 271 billion (approximately $72 billion), with development continuing through 2024. By 2024, total investments in the Kingdom's infrastructure had soared to SR 4.9 trillion (approximately $1.3 trillion). Qiddiya Investment Company is accelerating its entertainment and sports project by planning to award $2.66 billion (SAR 10 billion) in new contracts. Furthering this, the Diriyah Company began constructing a premier office complex in 2024, set to offer around 39,000 square meters of gross leasable area (GLA) with a total gross floor area (GFA) of nearly 47,000 square meters. The Kingdom's National Industrial Strategy aims to increase the number of factories to approximately 36,000 by 2035, built upon over 800 investment opportunities valued at SR 1 trillion. A New Era of Hospitality: Fueling Immense FACILITY MANAGEMENT Demand Across the Kingdom A core pillar of Vision 2030 is the transformation of Saudi Arabia into a global tourism hub, creating a massive pipeline for hospitality-focused facility management market services. The Kingdom has boldly updated its tourism target, now aiming to attract 150 million visitors annually by 2030. In 2024 alone, the nation is expected to welcome over 30 million international visitors. To accommodate this influx, the country is on track to develop an astonishing 362,000 new hotel rooms by 2030, part of a wider 110 billion investment in the hospitality sector. As of April 2025, Saudi Arabia leads the Middle East and Africa with 42,800 hotel rooms under contract. Across the region, including KSA, 50,683 new rooms are expected to open in 2025. The Saudi Arabia facility management market will directly benefit from the 319 hotel projects, totaling 85,416 rooms, in the Kingdom's pipeline at the close of Q1 2025. Specific projects include a SAR 2.5 billion (approximately $666.6 million) pact signed in January 2024 for a Makkah hospitality project adding over 1,000 rooms. Moreover, hospitality Management Holding (HMH) is adding 1,314 new rooms, with the 104-room Corp Yanbu Hotel opening in 2025, the 150-room Corp Madinah Hotel opening by the end of 2025, and the 460-room Corp Makkah Al Naseem following in early 2026. Wherein, the luxury segment also expands with the Rosewood Red Sea (149 rooms) and Jumeirah Red Sea (159 rooms), both opening in 2025. Healthcare and Real Estate Expansion: Foundational Pillars of Modern FACILITY MANAGEMENT Service Opportunities The government's commitment to enhancing citizen welfare is creating a parallel boom in healthcare and real estate infrastructure. The health and social development sector received a budget of SR 260 billion ($69.3 billion) for 2025. A total of $65 billion is planned for healthcare infrastructure under Vision 2030. This translates into tangible projects, with five new hospitals scheduled to open by 2025, adding 963 beds. In April 2025, Riyadh facility management market saw the launch of 28 new healthcare projects with an investment of over SR 7 billion, set to add more than 3,000 new hospital beds. Key developments include a new 500-bed tower at King Saud Medical City, 200-bed towers each at King Salman and Al-Iman Hospitals, and a new 300-bed hospital in Diriyah. In 2024, the 200-bed Tabuk Heart Center and 200-bed Abha Psychiatric Hospital are expected to be completed, while the first stage of the $1.1 billion Jeddah Medical City will include a 200-bed private hospital. Emergency services will be bolstered with 568 new vehicles. Simultaneously, urbanization is fueling real estate growth. As of 2024, over 60,000 commercial buildings required facility management services. The pipeline includes over one million new residential units, 7 million square meters of office space, and 7 million square meters of retail space, with real estate transactions in H1 2024 valued at SR 127.3 billion. Critically, the Real Estate General Authority announced it would issue the first legislation for facility management in Q1 2024, professionalizing the sector. Industrialization and Logistics: Powering Specialized Facility Management Service Growth Across KSA The Kingdom's push for industrial diversification is creating thousands of advanced manufacturing and logistics hubs, each demanding specialized facility management market expertise. In a clear sign of progress, 1,075 new factories began production in 2024 with a combined investment exceeding SR 48 billion. During the same period, 1,346 new industrial licenses were issued, attracting investments worth over SR 50 billion ($13.3 billion). This industrial surge is a major job creator; the factories that began production in 2024 created about 39,000 jobs, while the newly issued licenses are expected to generate over 44,000 more. This builds on a strong base, as Saudi Arabia was home to 11,549 factories by the end of 2023. The geographic distribution highlights key industrial zones, with Riyadh hosting 4,502 factories, the Eastern Province home to 2,618, and the Makkah region containing 2,209 facilities. Each new facility represents a long-term contract opportunity for the Saudi Arabia facility management market. The Green Imperative: Sustainability Driving Forward Next-Generation Facility Management Practices Sustainability is no longer optional; it is a core requirement embedded within the Saudi Green Initiative, creating a specialized and lucrative niche in the Saudi Arabia facility management market. In 2025, the Kingdom launched a green financing program of SR 1 billion ($266.6 million) to support private-sector environmental projects. This commitment is reflected in the built environment, with the Kingdom leading the Arab world with 2,000 registered green building projects as of October 2024. The nation's global standing is also impressive; as of June 2024, Saudi Arabia had over 1,190 LEED-certified projects, placing it fifth globally. The capital, Riyadh, is a major hub for this movement, accounting for 866 of the country's LEED-certified projects. This green transition is part of the larger Saudi Green Initiative, which includes the ambitious target of planting 10 billion trees, further signaling a deep, long-term commitment to environmental stewardship that will require specialized FACILITY MANAGEMENT services. Analyzing the Evolving Contract, Financial, and Competitive Market Landscape in FACILITY MANAGEMENT The financial and competitive dynamics of the Saudi Arabia facility management market are shifting rapidly. Mega-contracts are defining the top tier of the market, such as Qiddiya's SR 4 billion (approximately $1.1 billion) contract for the Prince Mohammed bin Salman Stadium. Further contracts for Qiddiya include an estimated SR 1.8 billion (around $480 million) for its Speed Park racetrack and an initial SR 7 billion (about $1.9 billion) for buildings around the track. Infrastructure contracts for the resort core were awarded for a combined SR 2.29 billion, while the Six Flags Qiddiya theme park construction contract is valued at SR 3.75 billion. In a move that boosted market liquidity, the state injected $26.7 billion in 2024 to clear payment arrears to private companies. In this environment, market players are making strategic moves. Muheel Facilities Management showcases its scale with over 2,000 employees, a fleet of 208 vehicles, and a service presence across 13 cities. Consolidation and specialization are key trends, exemplified by Khidmah's acquisition of green building enabler Pactive and Mace Macro Technical Services. In October 2024, global facility management advisor Trascent formed a joint venture with Gulaid Holding to create Trascent Arabia, highlighting rising international interest. Addressing the Critical Workforce Gap while Embracing Technology in Facility Management The explosive growth of the Saudi Arabia facility management market presents two interconnected challenges: securing a skilled workforce and integrating advanced technology. As of 2024, the Kingdom faces an estimated shortfall of 50,000 skilled workers in the facility management field, a gap that requires urgent attention through training and development programs. The demand for labor is immense across all new sectors; tourism-related activities employed 983,253 people in Q1 2025, and the Qiddiya giga-project alone expects to directly employ approximately 17,000 people in its initial phase. To bridge the efficiency gap and meet the complex demands of modern smart buildings, technology is paramount. Recognizing this, SIERRA introduced its eFACiLiTY Enterprise Facility Management Software in 2024. This SaaS solution, hosted on Microsoft Azure, is specifically designed to provide the scalable, data-driven tools needed to manage the next generation of Saudi Arabian facilities. Need a Customized Version? Request It Now: The Strategic Outlook: Capitalizing on Unprecedented Future Growth and FACILITY MANAGEMENT Market Demand The confluence of giga-project development, economic diversification, and a government mandate for quality and sustainability creates a fertile ground for exponential growth. The data from 2024 and 2025 paints a clear picture of a market in rapid ascent, backed by trillions of dollars in state and private investment. For facility management providers, the strategic imperative is to align capabilities with the specific needs of these burgeoning sectors—be it the luxury demands of hospitality, the technical precision of healthcare, the green credentials of new urban centers, or the operational rigor of industrial hubs. The future of the Saudi Arabia facility management market is inextricably linked to the success of Vision 2030. Companies that invest in skilled local talent, embrace digital transformation, and demonstrate expertise in sustainable practices will not only thrive but will become integral partners in shaping the future of the Kingdom itself. The opportunity is here, it is immense, and it is happening now. Saudi Arabia Facility Management Market Major Players: Initial Saudi Group (Alesayi Holding) EMCOR Facilities Services, Inc. Almajal G4S (Allied Universal) SETE Energy Saudia for Industrial Projects Ltd SAMAMA Holding Group ENGIE Solutions (Engie Group) Nesma United Industries Co. Ltd AL-YAMAMA Group Olive Arabia Co. Ltd Tamimi Group Facilities Management Company (FMCO) Al Suwaidi Holding Company KSA Khidmah ZOMCO EFSIM Other Prominent Players Key Market Segmentation: By Service Type Hard Services Asset Management MEP and HVAC Services Fire Systems and Safety Elevator and Escalator Maintenance Pest Control Services Building Fabric Maintenance Energy Management and Sustainability Services Other Hard FM Services Soft Services Office Support and Security Cleaning Services Catering Services Landscaping and Grounds Maintenance Waste Management Reception and Concierge Services IT and Tech Support Services Accommodation Management Other Soft FM Services By Mode of Service In-house Facility Management Outsourced Facility Management Single Facility Management Bundled Facility Management Integrated Facility Management By Enterprise Size Large Enterprises Small- Medium Enterprises (SMEs) By Service Delivery Model Contract-Based Short-Term Contracts Long-Term Contracts On-Demand / Ad-Hoc Services By End User Business and Corporate Education Industry and Manufacturing Healthcare Public Administration Hospitality Construction Others Need a Detailed Walkthrough of the Report? Request a Live Session: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Yahoo
[Latest] Saudi Arabia B2B Catering Services Market Set to Surpass US$ 4,717.6 Million by 2033
Fueled by Vision 2030's giga-projects, the Saudi B2B catering market is experiencing historic growth. Long-term contracts are now standard, supporting immense workforces in the booming construction, industrial, and expanding corporate and tourism sectors. Chicago, Aug. 08, 2025 (GLOBE NEWSWIRE) -- The Saudi Arabia B2B catering services market was valued at US$ 2,471.9 million in 2024 and is expected to reach US$ 4,717.6 million by 2033, growing at a CAGR of 7.78% during the forecast period 2025–2033. The confluence of Saudi Arabia's Vision 2030, a surge in giga-project development, and a burgeoning tourism sector is creating an unprecedented landscape of opportunity within the Kingdom. Central to this transformation is the Saudi Arabia B2B catering services market, a sector experiencing explosive, demand-driven growth. No longer confined to traditional industrial and corporate contracts, the market is now at the forefront of servicing mega-workforces, new international airlines, and a rapidly expanding hospitality industry. Download Sample Pages: For stakeholders, investors, and service providers, the current and updated report on the market represents a pivotal insights. The scale of development necessitates sophisticated, high-volume, and increasingly specialized catering solutions, positioning the sector as a critical enabler of the Kingdom's economic diversification and a highly lucrative field for strategic investment and expansion. The potential is immense, with demand escalating across every conceivable vertical. Key Findings in Saudi Arabia B2B Catering Services Market Market Forecast (2033) US$ 4,717.6 million CAGR 7.78% By Type Contract Catering (78.28%) By Contract Length Long Term (<1 Year) (44.75%) By Services Corporate Catering (18.75%) By End Users Construction (17.23%) Top Drivers Vision 2030 giga-projects create massive, long-term catering demand. Rapid corporate, industrial, and tourism sector expansion fuels growth. Hosting mega-events like Expo 2030 and FIFA World Cup. Top Trends Rising demand for personalized nutrition and locally sourced ingredients. Shift toward central production kitchens for consistency and efficiency. Top Challenges High operational costs from food importation and supply chains. Significant shortage of skilled culinary and hospitality professionals. Intense competition and complex food safety regulatory compliance. Giga-Projects are Unprecedented Engine Fueling The Kingdom's B2B Catering Revolution The primary catalyst for the Saudi Arabia's B2B catering services market expansion is the sheer scale of Vision 2030's giga-projects. These developments require catering services for massive workforces, creating a bedrock of long-term demand. The workforce at NEOM alone is projected to surpass 200,000 individuals by 2025. This has led to high-value contracts, such as BAAN Holding Co.'s agreement worth nearly SAR 436 million to provide catering at a NEOM residential complex, with its financial impact anticipated in the second quarter of 2025. These are not short-term arrangements; the contract is a six-year deal concluding on December 31, 2030. Similarly, Abdulmohsen Alhokair Group secured a catering services contract at a NEOM complex valued at an estimated SAR 760 million. The long-term nature of this demand is further exemplified by Saudi Airlines Catering Company (SACC), now Catrion, which entered a 20-year contract with Red Sea Global (RSG). This monumental agreement, with a provisional value of approximately SAR 6.3 billion, involves designing, building, and operating a central production unit. The future potential is staggering; the Qiddiya giga-project aims to house over 600,000 residents and is expected to create 100,000 jobs during construction, while the national goal to generate 1.6 million tourism-related jobs by 2030 underscores the immense, sustained need for the Saudi Arabia B2B catering services market. Taking Flight: Aviation's Resurgence Creates Lucrative New In-Flight Catering Opportunities The Kingdom's aviation sector is undergoing a dramatic revitalization, directly fueling demand for specialized in-flight and airport lounge catering. The upcoming launch of Riyadh Air in 2025 has created a significant opportunity, with the airline selecting Catrion as its catering partner in a five-year contract. The scale of this partnership is immense, with the contract valued at an estimated SAR 2.3 billion. Catrion expects this agreement to positively impact its financial performance starting in the fourth quarter of 2025. The growth of the B2B catering services market extends beyond new carriers. Catrion also signed a three-year, SAR 36 million contract with Saudia Airlines for equipment design and supply services, set to begin in the third quarter of 2025. New infrastructure, like the Red Sea International Airport, is projected to handle 1 million passengers in its first year, creating a fresh hub of catering demand. This adds to the existing large-scale operations required to serve airlines like Saudia, which already handled over 35 million passengers annually, a figure poised for significant growth. Accommodating Ambition: Hospitality Growth Presents A Vast Opportunity For Catering Suppliers Saudi Arabia's ambitious tourism goals are creating a massive and direct pipeline of opportunities for B2B catering suppliers through hotel development. The Kingdom is on track to attract 150 million visitors annually by 2030, a target that necessitates a colossal expansion in accommodation. This translates to a plan to add 320,000 new hotel rooms by 2030, bringing the total inventory target to 550,000 rooms from the 443,200 licensed rooms recorded in the third quarter of 2024. The total development cost for this expansion is projected to be a staggering USD 37.8 billion. The influx of visitors in the B2B catering services market is already palpable, with international arrivals reaching 30 million in 2024 and over 1.2 million business visas issued in 2023, driving demand in hotels. Giga-projects are central to this, with Red Sea Global alone set to operate 50 resorts with up to 8,000 hotel rooms by 2030. Each new hotel room represents a direct B2B opportunity for food and beverage supply, making this a critical growth vertical. Sanctity and Scale: Hajj & Umrah Services Undergo Service Quality Revolution Catering for religious pilgrims remains a foundational pillar of the Saudi Arabia B2B catering services market, and this segment is undergoing a significant transformation focused on quality and reliability. For the 2025 Hajj season, the Kingdom is introducing new policies favoring long-term service contracts to ensure higher standards and consistency for pilgrims. The Ministry of Hajj and Umrah has set stringent requirements for service providers. For instance, catering companies applying to serve Nigerian pilgrims must now demonstrate the capacity to serve a minimum of 3,000 pilgrims at a time. Furthermore, these companies are required to prove financial stability with a share capital of no less than SAR 2,000,000. To enforce these new standards, the Ministry set a firm deadline of February 14, 2025, for all Hajj affairs offices to finalize their service contracts, including catering. This drive for quality is amplified by the expansion of the Holy Mosque in Mecca to accommodate over 2 million worshippers, magnifying the need for highly organized, large-scale catering operations. Powering the Nation: Industrial and Corporate Catering Demand Expands Broadly Beyond the headline-grabbing giga-projects, the broader industrial and corporate sectors represent a vast and growing market for outsourced catering. The Kingdom's total food service sales are projected to grow significantly from the $29 billion recorded in 2023, with a substantial portion of this demand originating from corporate offices and labor camps. The scale of the domestic food industry, which includes approximately 1,300 registered companies, provides a fertile ground for B2B catering services market. Crucially, around 80% of these are large enterprises with over 100 employees, the prime demographic for contracted catering services. With total investment in the food processing sector estimated at $60 billion and a migrant worker population of 13.4 million, a significant number of whom rely on industrial catering, the demand for daily, high-volume meal provision remains robust and essential to the national economy. The New Palate: Health, Wellness, and Specialized Diets Emerge as Key A significant trend shaping the future of the market is the rising demand for healthier and specialized dietary options. This shift is visible across multiple sectors. In healthcare, over 300 medical facilities across the Kingdom have already adopted personalized meal programs to cater to patient-specific nutritional needs. This wellness focus is also influencing the travel sector, with the number of health-conscious travelers reaching 5 million in 2023, compelling airlines and hotels to diversify their menus. This has spurred innovation in the supply chain, with airlines increasing collaborations with local farmers, sourcing fresh ingredients from over 800 organic farms. The result is a clear and growing demand for specialized catering solutions, including high-quality vegan, gluten-free, and organic meal options, moving beyond basic service to value-added culinary experiences. The Competitive Arena: Market Players Scale Up for High-Value Strategic Contracts The competitive environment of the Saudi Arabia B2B catering services market is intensifying as both local champions and global firms vie for lucrative contracts. Leading players are scaling their operations to meet the unprecedented demand. Premium Catering Co., a brand of Catrion, now employs over 2,000 staff who are highly trained in tech-driven solutions designed for smart city environments like NEOM. Its parent company, SACC (Catrion), demonstrates immense operational capacity by serving over 100 local and international airlines. Local powerhouses are also making strategic moves. Alhokair Group's SAR 760 million contract in NEOM, which began impacting its financials in the first quarter of 2024, is a key part of its income diversification strategy. Likewise, BAAN Holding's SAR 436 million NEOM contract signals a clear strategy to expand and solidify its presence specifically within the high-growth catering sector. Innovating Service Delivery: Technology is Reshaping Catering Efficiency and Experience Technology and innovation are becoming critical differentiators for success. The hospitality industry in Saudi Arabia is increasingly investing in AI and IoT to offer personalized guest services and streamline back-end operations, a trend that directly impacts catering. Companies in the Saudi Arabia B2B catering services market are adopting advanced solutions like AI-driven menu planning, smart food tracking systems for safety and inventory control, and automated order management to handle complexity and scale. This technological shift is visible in upcoming developments; the YOTEL hotel, set to open in NEOM in 2025, will feature robotic concierges, signaling a broader move toward automation in guest services. This momentum is supported by a national trend, with government agencies improving their adoption of emerging technologies by 10% in 2024, setting a precedent for their contractors. The Logistical Backbone: Building Robust Supply Chains For Unprecedented Catering Scale The sheer volume of demand requires exceptionally robust and efficient supply chain and logistics networks. To manage the complexity of servicing a destination-wide workforce, SACC's contract with Red Sea Global includes the construction of a massive central production unit. This facility in the B2B catering services market will streamline production and logistics for thousands of employees across the entire development. This trend toward investing in advanced logistical infrastructure is echoed regionally, with companies like Emirates Flight Catering recently investing in 53 new high-loader aircraft catering trucks to modernize its fleet and support its growing operations. Furthermore, supply chains are adapting to national priorities, with Vision 2030's goal to raise local food production by 30% by 2025 set to progressively influence sourcing strategies for large-scale catering providers. Customize the Data Scope to Match Your Objectives: Human Capital: Fueling Growth With A Skilled and Expanding Catering Workforce The rapid expansion of the Saudi Arabia B2B catering services market necessitates a large and skilled workforce to deliver on these ambitious projects. The demand for human capital is evident in job advertisements for NEOM, which show a need for a wide spectrum of catering staff, from chief cooks earning salaries up to SAR 4,500 to dozens of essential support roles. Employment contracts for these catering positions are typically offered for a period of 2 years, providing stable employment. The comprehensive nature of these projects means that catering contracts often include provisions for the food, accommodation, and transportation of the service staff themselves. The sector is already a major employer, with over 60,000 employees currently working to meet the ever-growing demand, a number that is set to climb significantly in the coming years. Saudi Arabia B2B Catering Services Market Major Players: Abenos Catering Services Co. Algosaibi Services Co. Ltd. Al-Karam Al-Arabi for Catering Services Ltd. Alkhalejiah Catering Amha Catering Co. Aramark Corporation Almays Catering Solutions AlMunajem Group – Food Services Division Catrion G4S Plc Gulf Catering Co. Gulf Mahmal Support Services Mezzan Holding Co. KSC Nesma United Industries QAF Catering Services Qudrat National Saudi Airlines Catering Company (SACC) - CATRION Saudi Catering & Contracting Company Tamimi Global / Tamimi Group Unique Catering Services ZOMCO Other Prominent Players Key Market Segmentation: By Type Contract Catering Non-Contract Catering Kitchen Management Services By Contract length Short Term (>1Year) Medium Term (1Year) Long Term (<1 Year) By Services Corporate Catering Conference and Convention Catering Boardroom Catering Trade Show and Expo Catering Construction Site Catering Hospital Cafeteria Services In-Flight Catering Religious Retreats and Events Catering Concession Catering Government and Defense Catering Others By End User Government Corporate Oil and Gas Defence Construction Religious Sites Healthcare Educational Institution Tourism Others By City Makkah Madina Jeddah Riyadh Dammam Al-Khobar Jubail Tabuk Taif Buraydah Others Explore the Report Before You Buy – Book a Walkthrough: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Entrepreneur
a day ago
- Entrepreneur
OpenAI Unveils ChatGPT-5: A Leap Toward "PhD-Level" AI
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. OpenAI has officially launched ChatGPT-5, its most advanced artificial intelligence chatbot to date, which CEO Sam Altman describes as "a PhD-level expert in your pocket." Available immediately to all ChatGPT users—including those on the free tier—ChatGPT-5 delivers significant improvements in writing, coding, health advice, and reasoning, while sharply reducing factual errors, hallucinations, and excessive flattery. The upgrade reflects OpenAI's push to make advanced AI tools accessible to a broader audience without sacrificing capability. The new release consolidates OpenAI's model lineup into a unified GPT-5 system that automatically selects the right engine based on the complexity of a user's request. Free users now have access to the standard GPT-5 and the faster, lighter GPT-5-Mini. Pro subscribers gain access to advanced models such as GPT-5-Pro and GPT-5-Thinking, designed for long-form, multi-step reasoning. For lighter workloads, OpenAI has introduced Mini and Nano versions, optimized for speed and cost efficiency while maintaining quality performance. Coding and Design GPT-5 demonstrates a new level of sophistication in generating and debugging complex front-end code, as well as in understanding design aesthetics such as spacing, balance, and visual appeal. It can create full websites, apps, and games from minimal prompts. Reasoning and Accuracy Structured reasoning has been strengthened, enabling the model to work through problems with higher precision. Internal testing shows factual error rates reduced by roughly 45% compared with GPT-4o, and by up to 80% compared with earlier reasoning-focused models. Context and Multimodality The model now supports context windows of up to 256,000 tokens, allowing it to process and reference massive documents. Multimodal capabilities have also expanded, enabling seamless interaction across text, image, and audio, with video support hinted for the future. Personalization and Integration Users can now set custom personalities and interface color themes. ChatGPT-5 also integrates with services such as Gmail, Google Calendar, and Google Contacts, allowing for proactive, context-aware assistance. Safety and Emotional Intelligence New safety features aim to ensure "helpful completion" over outright refusal, producing responses that remain useful while respecting ethical guidelines. Emotional nuance has been improved, reducing robotic tone and making conversations more natural. Positioning and Impact With over 700 million weekly active users, ChatGPT remains the most widely used AI assistant. OpenAI positions GPT-5 as a step toward "Artificial General Assistance," though Altman acknowledges it is not yet true AGI. Even so, the launch marks a milestone: a single system capable of advanced reasoning, creation, personalization, and safe interaction—available to anyone, free or paid.
