openPR Logo
Press release

Saudi Arabia Catering Services Market (2017-2023)-6wresearch

Saudi Arabia Catering Services Market (2017-2023)-6wresearch

Saudi Arabia Catering Services Market (2017-2023)-6wresearch

Growing Religious and Business Tourism, Corporate Events, and Education Sectors are likely to be the key drivers for Saudi Arabia Catering Services Market – 6Wresearch

Saudi Arabia Catering Services market is expected to witness strong headwinds over the coming years due to slump in crude oil prices and slowdown of economy. Saudi Arabia’s government revenues are majorly dependent on the export of oil products and decline in oil prices has affected the government spending in various sectors. However, shift in government expenditure towards healthcare and education sectors is likely to have some positive effect on the catering services market.

According to 6Wresearch, Saudi Arabia Catering Services market is projected to reach $6.9 billion by 2023. Catering to remote sites such as oil rigs and construction sites have remained a prominent markets in Saudi Arabia as it is the company’s responsibility to provide meal to its employees at such sites. Decline in new construction awards and taxes on expatriates living & working in Saudi Arabia has forced the company’s to increase the percentage of Saudi nationals in workforce.

Download Sample Pages @ https://www.6wresearch.com/market-reports/saudi-arabia-catering-services-market-2017-2023-ksa-forecast-by-type-contractual-non-contractual-services-end-user-regions-competitive-landscape.html

According to Ravi Bhandari, Assistant Manager, 6Wresearch, “sectors including construction, oil & gas, petroleum and corporate end users are the key revenue generating sectors in contractual catering services. The length of contract can vary depending on the quality of food and services provided by the catering companies. However, growing business tourism, corporate events and weddings would increase the non-contractual catering market share in Saudi Arabia.

“Saudi Airline Catering Company is a major player in flight catering services market as it provides catering services primarily to international airline companies. Eastern region and Riyadh accounted for more than 60% market revenue share”, Ravi further added.

According to Akash Jain, Research Associate, Research and Consulting, 6Wresearch, “Hospitality, education and healthcare sectors are expected to drive the catering services market of Saudi Arabia. Under National Transformation Plan and Saudi Vision 2030, the government of Saudi Arabia has increased budget spending on non-oil sectors to reduce dependency on oil & gas sector revenues. The government allocated more than $80 billion to education and healthcare sector together.”

“Growing religious tourism to Makkah and Madinah during Hajj and Umrah season along with rise in national and international passengers over the coming years would stabilize catering services market in the country”, Akash Concluded.

Some of the major companies in Saudi Arabia Catering Services market include- Al Tamimi, Gulf Catering, Saudi Airlines, Nesma Trading, Saudi Catering and Contracting Company and Algosaibi Services.

“Saudi Arabia Catering Services Market (2017–2023)” provides in-depth analysis with 32 figures and 7 tables covered in more than 95 pages. The report estimates and forecast the overall Saudi Arabia catering services market by revenues, types such as contractual and non-contractual services, end users and regions. The report also gives insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

For Detailed Description and Purchase Option Visit @ https://www.6wresearch.com/market-reports/saudi-arabia-catering-services-market-2017-2023-ksa-forecast-by-type-contractual-non-contractual-services-end-user-regions-competitive-landscape.html

Related Report
Saudi Arabia Fast Food Market (2017-2023): Market Forecast by Types (Burgers, Hamburgers & Sandwiches, Chicken, Pizza & Pasta, Asian & Latin American Fast Food, Sea Food and Others (Mediterranean, Lebanese, etc.)), Distribution Channel (Take Away Outlets, Dine-in Restaurants, Cafes & Bakeries and Others (Food trucks, Kiosks, etc.)), Regions (Central Region, Eastern Region, Western Region and Southern Region) and Competitive Landscape

ABOUT US

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-30-424-305

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Saudi Arabia Catering Services Market (2017-2023)-6wresearch here

News-ID: 1427889 • Views:

More Releases from 6Wresearch- Market Intelligence Solutions

Market Penetration of Smart Ceiling Lights Globally
Market Penetration of Smart Ceiling Lights Globally
The global market for ceiling lights has been growing rapidly as consumers demand is high for seek stylish and efficient lighting for homes and commercial settings. Though new technologies in smart lighting are gaining traction, ceiling lights remain favored for their utility, design versatility, and energy-conscious features. According to 6Wresearch, the Global Ceiling Lights Market is projected to grow at a compound annual growth rate (CAGR) of 4.60% between 2025 and
Role of Electric Vehicles in Shaping Parking Infrastructure & Advancements in Automated Parking Solutions
Role of Electric Vehicles in Shaping Parking Infrastructure & Advancements in Au …
The car parking market worldwide is growing steadily. This is due to the rising urbanization, increased numbers of vehicles, and the need for efficient space allocation in cities. With expanding urban centers and mounting traffic congestion, demand for smart and systematic parking solutions is rapidly rising. Additionally, governments and private companies have invested in contemporary parking facilities. Moreover, technological advancements are being done to make parking systems more accessible and
Consumer Behavior and Preferences in Purchasing Car Insurance
Consumer Behavior and Preferences in Purchasing Car Insurance
The global car insurance market growth has boosted massively, driven by the rising vehicle ownerships and strict government regulations. Additionally, the rising driver's awareness regarding car insurance is another major factor boosting the growth of the market. While rise of digital solutions and new technologies, traditional car insurance remains essential in the auto and financial industries, which offer vital protection and financial security to drivers worldwide. According to 6Wresearch, the Global
Regional Analysis of Car Accessories Demand and Innovative Technologies in Car Accessories
Regional Analysis of Car Accessories Demand and Innovative Technologies in Car A …
The global car accessories market is experiencing consistent growth, driven by increasing vehicle ownership, rising interest in vehicle customization, and growing awareness around safety and comfort. Consumers around the world are investing more in both aesthetic and functional accessories for their vehicles-ranging from seat covers and infotainment systems to advanced safety tools and exterior enhancements. According to 6Wresearch, the Global Car Accessories Market is projected to grow at a compound annual

All 5 Releases


More Releases for Saudi

Saudi Wakala Offers Efficient and Reliable Saudi Visa Stamping Services
Saudi Wakala, a renowned agency specializing in Saudi visa stamping services, is proud to announce its commitment to providing swift and reliable visa processing for travelers to Saudi Arabia. Located in New Delhi, Saudi Wakala has established itself as a trusted partner for individuals and businesses requiring efficient visa stamping services. Efficient Visa Processing Understanding the complexities and time-sensitivity associated with visa stamping, Saudi Wakala offers a streamlined process managed by an
saudi construction company,TOP saudi arabia construction companies list,civil co …
Abdul Ali Al-Ajmi Company Advanced Support Company Al Ashbelya Engineering Al-Dour Engineering Contracting Est. https://www.gdwatches.cn/ Free engineering construction consultation Email:nolan@wholsale9.com Alfanar Arabian Tile Co. Ltd. (ARTIC) Assad Said for Contracting Co Ltd Automated Buildings Company Bazy Trading and Contracting Bin Dayel Contracting Cercon City Cement Company Dar Al Majd EG & G Middle East East Consulting Engineering Center El Seif Engineering Contracting Company El Seif Engineering Contracting Company Engineering Development Co for Contracting FCC Company https://www.gdwatches.cn/ Free engineering construction consultation Email:nolan@wholsale9.com Jones Engineering Group Masar Consulting Engineer Meinhardt Arabia Mohammed M. Al Rashid Co. (MARCO) Qureshi Telecom Contracting &
Saudi Arabia Agriculture Market, Saudi Arabia Agriculture Industry, Saudi Arabia …
Saudi Arabia Agriculture is focussed on the spread of dates, dairy farm merchandise, eggs, fish, poultry, vegetables, and flowers to markets round the creation because it has attained its own potency within the production of such merchandise. The private sector additionally plays a role within the nation's agriculture, because the government offers long-term interest-free loans and inexpensive water, fuel, electricity, and duty-free imports of raw materials and machinery. Over the past
Saudi Arabia Pharmaceutical Market | pharmaceutical companies in saudi arabia, p …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Saudi Arabia Pharmaceutical Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The report examines Saudi Arabia pharmaceutical market for the period 2016–2026. The primary
Saudi Arabia Airport Privatization Sector Saudi Arabia Airport Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents Saudi Arabia Aviation Industry Overview Privatization in Saudi Arabia Saudi Arabia Civil Aviation Regulatory Authority 3.1 General Authority of Civil Aviation (GACA) 3.2 International Air Transport Association Saudi
Saudi Arabia Mutual Fund Sector Saudi Arabia Mutual Fund Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents 1. Saudi Arabia Financial Sector Overview 2. Saudi Arabia Stock Market and Exchange Overview 3. Saudi Arabia Mutual Fund Market Overview 4. Saudi Arabia Mutual Fund Program and Managers 4.1 Fund Managers and Companies 4.2 Types of Mutual Funds 5. Saudi Arabia Mutual Fund Asset Allocation 5.1 Market Overview 5.2 Mutual Fund Market Indicators