Economic factors behind HORECA Kuwait development - Horeca Kuwait

Economic factors behind HORECA Kuwait development

18 November 2019: Leaders Group Company for Consultancy and development’s general manager, Nabila Al-Anjeri stressed that there are several economic factors behind the development of Horeca Kuwait, which is due to launch its 9th cycle at Mishref International Fair Ground in the period of January 20-22, 2020. As head of the organizing committee, Al-Anjeri explained that the economic factors include:

  • 1. The exhibition’s focus on threemajor economic factors including food and beverage industries, the hotels, restaurants and aviation sector and the logistic services sector.
  • 2. The constantly increasing marketvalue of the above sectors as Kuwait is currently witnessing the highest food industries annual growth rate in GCC states with 9.6 per cent. She added that despite regional tension, new billions worth hotel projects are being built in Kuwait in addition to increasing Kuwait airport capacity to around 25 million .
  • 3. Horeca Kuwait has made its own outstanding place on regional exhibitions map, which earned Kuwait international  Moreover, Al-Anjeri stressed that in collaboration with the Hospitality Service Company, Leaders Group managed to lay the foundation for strong ties with hospitality manufacturers in Kuwait and succeed in providing first of its logistic and technical services.

Further, Al-Anjeri expiated demand for tourism and hospitality services to increase in Kuwait with the few coming years in view of the increase of per capita income, the strength of Kuwait’s economy, growth of investment spending rates to KD 53 billion, developing the private sector, reducing hurdles and involving both public and private sectors in certain projects through the PPP agency.