answersLogoWhite

0

What GCC market?

Updated: 9/19/2023
User Avatar

Wiki User

9y ago

Best Answer

The GCC market is the Gulf Cooperation Council Market. The GCC Market represents the power of the Gulf oil-exporting countries.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What GCC market?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you know if gcc is installed?

run gcc command on shell prompt and it will show you $ gcc gcc: no input files else it will show "gcc : command not found"


What is GCC licence?

what is GCC driving licences


What is a GCC licence?

what is GCC driving licences


How do you find the version of GCC in Linux?

gcc --version


What is a gcc driving licence?

what is GCC driving licences


When was MILEPOST GCC created?

MILEPOST GCC was created in 2009.


When was GCC Summit created?

GCC Summit was created in 2003.


What command do you use to find the version of the GCC compiler?

gcc --version


What does gcc stand for?

The gcc stands for gulf co-operation council.


Why has the GCC market gained importance off late?

The GCC market is one of the best emerging markets in the world today with a GDP of US$1.7 trillion that is expected to increase over the years. This is mainly due to diversification from hydrocarbons, increasing trade with Asia and resilience to economic stress. It controls over 50% of world's oil reserves as well as financial reserves.


When was GCC Champions League created?

GCC Champions League was created in 1982.


GCC Cafe And Coffee Market 2023-2029 Market Forecast By Country, And Competitive Landscape?

Market Reports on Saudi Arabia Provides the Trending Market Research Report on “GCC Cafe And Coffee Market 2023-2029 Market Forecast By Country, And Competitive Landscape” under Food & Beverage Market Research Reports category. The GCC Cafe And Coffee Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports. GCC Cafe And Coffee Market Research Report 2023-2029 GCC Cafe and Coffee Market Synopsis : GCC Cafe and Coffee Market grew significantly during 2019 on account of the increase in presence of international coffee chains such as Starbucks, Costa Coffee, Caribou Coffee, Tim Hortons, Dunkin’ and others. However, during 2020, covid-19 significantly impacted the overall GCC Cafe and Coffee market as the GCC countries closed their borders to contain the spread of the virus which led to a drastic fall of about 75% in international tourist arrivals in 2020 which affected the cafe and coffee market of UAE, Qatar, Bahrain and Kuwait and others. However, the GCC Cafe and Coffee Industry recovered with the ease of restrictions and the rise in international tourist arrivals. The GCC Cafe market size is projected to grow at a CAGR of 9.1% during 2023–2029. The continent is witnessing enormous investment in tourism as well as hospitality sectors with the purpose to expand tourist arrivals and lower their dependence on an oil-based economy. The market is expected to witness significant growth in the coming years owing to a rise in commercial projects and international tourist arrivals who would like to experience new local coffee beverages. For instance, gcc’s rising cafe culture in the kingdom and country’s plan to develop and expand the number of hotels in Riyadh, Jeddah and Dammam Metropolitan Area (DMA) by the year 2026, coupled with growing tourism in the vicinity of the Dubai festival city and Emirates Kart Zone which presents a big market on account of high leisure tourism along with rising hotel construction, thereby contributing to market for cafe and coffee revenues. The GCC Coffee market size is projected to grow at a CAGR of 9.6% during 2023–2029. The GCC countries saw more than 50 million arrivals of international tourists in 2022 and the figure is expected to grow significantly which would increase demand for coffee in hotels, restaurants, malls and others and subsequently increase demand for cafes. The sector will keep growing more effectively in the future. Market by Country : gcc acquired a major revenue share in 2022. The nation plans to have Coffee City at a 160-hectare site near Al Baha and targeted to have 1 million coffee plants in the kingdom by 2025 as part of their Vision 2030 to boost local coffee production levels. Moreover, the Quality of Life Program under Saudi Vision 2030 Realization Programs aims to reach 1,032 cafes per million individuals around gcc by 2030. Further, the addition of 24,550 and 15,000 hotel keys in Riyadh and DMA respectively by 2024 and the expansion of hotel rooms to 28,000 and 19,000 by Accor Group and Hilton hotels by 2030 would lay the foundation of cafes in the hotels. About Us : Market Reports on Saudi Arabia provides you with an in-depth industry reports focusing on various economic, political and operational risk environment, complemented by detailed sector analysis. We have an exhaustive coverage on variety of industries – ranging from energy and chemicals to transportation, communications, constructions and mining to Food and Beverage and education. Our collection includes over 3000 up-to-date reports all researched, analyzed and published by top-notch international research firms. Contact us at : Market Reports On Saudi Arabia Tel: +91 22 27810772 / 27810773 Follow us on : Twitter, Facebook, LinkedIn