Mashroo3k Economic Consulting Company offers a feasibility study for a residential complex project in Iraq, with the highest return on investment and the best payback period, through a set of accurate studies of the service and commercial sector in Iraq, analyzing competitors’ strategies, and providing competitive price offers.
The residential complex project provides residential units for rent, with the highest finishes and the latest equipment. In addition to many other services provided by the complex, which ensure acceptable comfort for the residents.
Mashroo3k Economic Consulting Company provides investors wishing to invest in a residential complex project in Iraq with a set of specialized feasibility studies based on updated databases specific to the Iraqi market, which helps the project succeed, achieve the highest return on investment, and the best payback period, through a set of accurate studies of the size of the Iraqi market, analysis of the strategies of local and foreign competitors, and the ability to provide competitive price offers.
Executive Summary
Study of project services/products
Market Size Study
Risk study
Technical study
Financial study
Organizational and administrative study
The Tourism Sector in the Gulf Cooperation Council (GCC) Countries
The tourism sector is one of the most significant contributors to the global GDP. Its direct contribution accounts for 3.3% of the total global GDP, while its overall contribution reaches 10.4%, amounting to $9.2 trillion.
The sector’s workforce represents 10.6% of all jobs, equating to 334 million jobs worldwide. Additionally, global spending on leisure travel is estimated at $2.37 trillion.
Notably, the tourism sector continues to grow steadily, generating one out of every four new jobs globally.
This provides a brief overview of global tourism indicators. Now, let’s explore the key indicators of the sector within the Gulf Cooperation Council (GCC) countries.
As for the sector indicators in the Gulf Cooperation Council countries, we will present them below:
There is no doubt that the COVID-19 pandemic had a significant impact on the decline of global travel and tourism indicators. The sector’s contribution to the global GDP dropped to 6.1%, down from 10.3% in the year prior to the pandemic.
However, the sector has recently begun to recover, as confirmed by global indicators.
For this reason, Mashroo3k strongly recommends investing in this vital sector, based on the following factors: (List of reasons follows).
_ According to the World Tourism Organization (UNWTO), the number of international tourists increased from 25.2 million tourists in 1950 to 1.40 billion tourists after 68 years.
_ By the end of 2021, 2,246 hotels were opened worldwide, and by the end of 2022, this number is expected to reach 2,805 hotels, and by the end of 2023, the number of these hotels will reach 2,934 hotels.
_ 340.7 thousand hotel rooms were opened worldwide in 2021, and the number is expected to rise to 428 thousand hotel rooms by the end of 2022, and by the coming of 2023, the number of rooms will reach 447.6 thousand rooms.
Global Tourism Sector
By the end of 2021, the contribution of travel and tourism to global GDP increased by 21.7% compared to the previous year, when the Corona pandemic affected the sector. The value of the sector’s contribution to global GDP amounted to approximately 5.81 trillion US dollars. It is noteworthy that the global tourism market was valued at approximately 1.311 trillion US dollars, and the value of this market is expected to rise to 2.291 trillion US dollars by 2030 (excluding the results of the pandemic year).
