{"id":17895,"date":"2021-09-08T11:56:36","date_gmt":"2021-09-08T08:56:36","guid":{"rendered":"https:\/\/om.mashroo3k.com\/studies\/feasibility-study-for-an-engineering-office-project\/"},"modified":"2025-04-28T20:52:56","modified_gmt":"2025-04-28T17:52:56","slug":"feasibility-study-for-an-engineering-office-project","status":"publish","type":"studies","link":"https:\/\/om.mashroo3k.com\/en\/studies\/feasibility-study-for-an-engineering-office-project\/","title":{"rendered":"Feasibility study for an engineering office project"},"content":{"rendered":" <div class=\"content-card study-summary\">\n    <!-- Grid -->\n    <div class=\"row no-gutter\">\n        <!-- Media -->\n        <div class=\"col-12 col-m-5\">\n                    <a href=\"#\" data-title=\"Feasibility study for an engineering office project\" class=\"responsive-element media-element \" data-src=\"https:\/\/mashroo3k.com\/newweoryx\/wp-content\/uploads\/2019\/12\/\u0645\u0643\u0627\u062a\u0628-\u062a\u0635\u0645\u064a\u0645-\u0647\u0646\u062f\u0633\u064a-\u0639\u0646-\u0628\u0639\u062f.jpg.webp\"><\/a>\n        <\/div>\n        <!-- Content -->\n        <div class=\"col-12 col-m-7 rich-content\">\n            <h2>Feasibility study for an engineering office project<\/h2>\n                        <p>A feasibility study for an engineering office project is a crucial step to ensure the project&#8217;s success and effectively achieve its objectives. The study aims to analyze various aspects related to the project, starting with identifying the services the office will provide, such as interior and exterior designs, finishes, decorations, and technical and engineering consultations, as well as supervising project execution.\n\nThe feasibility study also helps in assessing market needs and target segments, such as individuals, government institutions, real estate companies, and the construction sector. It highlights the market gap and the project&#8217;s share of it, as well as available investment opportunities. The study covers everything related to the ideal geographic location for the project and identifies the required resources, whether human or technical.\n\nAdditionally, the study breaks down the initial and operational costs, expected returns, and develops an effective marketing plan to attract clients. In short, the feasibility study enhances the project&#8217;s success and provides its owners with insights into potential challenges they may face in the future. It also reveals the plans and strategies that should be followed to achieve sustainability and the desired profitability in the long term.<\/p>\n            <p><\/p>\n        <\/div>\n        <!-- Info Bar -->\n        <div class=\"col-12 col-m-7 info-bar flexbox\">\n            <!-- Item -->\n            <h3 class=\"info-item col-auto\">Capital <strong data-counter=\"120000\" data-sign=\" OMR\"><\/strong><\/h3>            <!-- Item -->\n            <h3 class=\"info-item col-auto\">Rate of return <strong data-counter=\"61\" data-sign=\"%\"><\/strong><\/h3>            <!-- Item -->\n                        <!-- Item -->\n                        <!-- Item -->\n                        <!-- Item -->\n            <h3 class=\"info-item col-auto\">Recovery period <strong >Second year<\/strong><\/h3>        <\/div>\n        <!-- Info Bar -->\n    <\/div>\n    <!-- \/\/ Grid -->\n<\/div>\n\n\n\n<div class=\"wp-block-tornado-components-project alignfull content-card study-subjects\"><div class=\"row row-reverse\"><div class=\"col-12 col-m-5\"><img decoding=\"async\" src=\"https:\/\/mashroo3k.com\/newweoryx\/wp-content\/uploads\/2019\/12\/%D9%85%D9%83%D8%A7%D8%AA%D8%A8-%D9%87%D9%86%D8%AF%D8%B3%D9%8A%D8%A9-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1.jpg.webp\" alt=\"Description of an engineering office project\" class=\"fluid\"><\/div><div class=\"col-12 col-m-7 rich-content\"><h2>Description of an engineering office project<\/h2><p class=\" desc1\">An engineering office project is an establishment that provides engineering consulting services, design, and supervision of architectural and construction projects, contributing to the development of infrastructure and urban structures according to quality and safety standards. The office ensures efficient project execution, which reduces costs and increases sustainability by using modern technologies and environmentally friendly materials. The office provides innovative solutions in architecture and urban planning, enhancing the attractiveness of real estate projects and increasing their investment value. It is also worth noting that the engineering office project helps create job opportunities for engineers and consultants; thus, it supports not only the construction sector but also the local economy as a whole. By adopting innovation in design and smart engineering, the office will develop modern projects that meet the needs of individuals, companies, and institutions. To confidently launch this project, contact the experts at &#8220;Mashroo3k&#8221; and request a feasibility study for the engineering office project to avoid unforeseen challenges and mitigate potential investment risks. &#8230;         <\/p><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-tornado-project-justifications alignfull content-card study-benifites\"><div class=\"row row-reverse\"><div class=\"col-12 col-m-4\"><img decoding=\"async\" src=\"https:\/\/mashroo3k.com\/newweoryx\/wp-content\/uploads\/2019\/12\/2422.jpg\" alt=\"Project services\" class=\"fluid\"><\/div><div class=\"col-12 col-m-8 rich-content\"><h2>Project services<\/h2><ul class=\"chelist\"><li>Interior and exterior designs.<\/li><li>Finishes and decorations.<\/li><li>Technical consultations.<\/li><li>Engineering consultations.<\/li><li>Implementation and engineering supervision.<\/li><li>Environmental Engineering Services<\/li><\/ul><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-tornado-project-justifications alignfull content-card study-benifites\"><div class=\"row \"><div class=\"col-12 col-m-4\"><img decoding=\"async\" src=\"https:\/\/mashroo3k.com\/newweoryx\/wp-content\/uploads\/2019\/12\/01.png\" alt=\"Why should you contact 'Mashroo3k ' when requesting a feasibility study for an engineering office project?\" class=\"fluid\"\/><\/div><div class=\"col-12 col-m-8 rich-content\"><h2>Why should you contact &#8216;Mashroo3k &#8216; when requesting a feasibility study for an engineering office project?<\/h2><ul class=\"chelist\"><li> <a href=\"https:\/\/mashroo3k.com\/?__hstc=74867789.2f3f33a24b44870ec4a577029c49e44b.1728259200242.1728259200243.1728259200244.1&amp;__hssc=74867789.1.1728259200245&amp;__hsfp=868907044\" target=\"_blank\" rel=\"noreferrer noopener\">Mashroo3k <\/a>has over 11 years of experience in preparing feasibility studies, market research, and providing a wide range of consulting services, including administrative, economic, financial, and others.<br\/><\/li><li>Mashroo3k has offices in 7 international branches, located in <a href=\"\" target=\"\" rel=\"\">Saudi Arabia,<\/a> <a href=\"\" target=\"\" rel=\"\">the UAE<\/a>, <a href=\"\" target=\"\" rel=\"\">Egypt<\/a>, <a href=\"\" target=\"\" rel=\"\">Qatar<\/a>, <a href=\"\" target=\"\" rel=\"\">Oman<\/a>, <a href=\"\" target=\"\" rel=\"\">Yemen<\/a>, and <a href=\"\" target=\"\" rel=\"\">Iraq<\/a>, in addition to its agents in China, Singapore, and other countries.<br\/><\/li><li>Mashroo3k has provided over 7,000 services and feasibility studies, helping thousands of clients achieve their investment goals.<\/li><li>Mashroo3k&#8217;s services are accredited and trusted by all financial institutions and entities in the Middle East.<\/li><li>Mashroo3k&#8217;s service coverage extends to 35 countries across all continents.<br\/><\/li><li>Mashroo3k is a member of over 100 prestigious international institutions specializing in market research and business management.<\/li><li>Mashroo3k&#8217;s team consists of 350 consultants with extensive knowledge of economic sector indicators and opportunities. Thanks to the diversity of their expertise, they ensure effective solutions and strategies.  <\/li><li>Mashroo3k is contracted with over 10,200 suppliers in 22 countries to support projects logistically with production lines, raw materials, machinery, equipment, and similar resources.<br\/><\/li><li>Mashroo3k possesses a vast database that enhances the accuracy of its predictions and analyses, as well as its ability to manage risks effectively.<\/li><\/ul><\/div><\/div><\/div>\n\n\n<!-- Study Benifites -->\n<div class=\"content-card study-benifites tabs\">\n    <!-- Tabs Menu -->\n    <ul class=\"tabs-menu head\">\n                <li data-tab=\"tab-1\">Project Features<\/li>                <li data-tab=\"tab-2\">Study Contents<\/li>                <li data-tab=\"tab-3\">Sector indicators<\/li>                <li data-tab=\"tab-4\">The Project as an Investment Opportunity<\/li>    <\/ul>\n    <!-- Tabs Wraper -->\n    <div class=\"tabs-wraper\">\n        <!-- Tab Content -->\n                <div class=\"tab-content\" id=\"tab-1\">\n            <!-- Grid -->\n            <div class=\"row row-reverse\">\n                <!-- Media -->\n                <div class=\"col-12 col-m-4\">\n                    <img decoding=\"async\" src=\"https:\/\/sa.mashroo3k.com\/wp-content\/uploads\/2021\/09\/\u062f\u0631\u0627\u0633\u0629-\u062c\u062f\u0648\u0649-\u0645\u0634\u0631\u0648\u0639-\u0645\u0643\u062a\u0628-\u0627\u0644\u062f\u064a\u0643\u0648\u0631-\u0628\u0627\u0633\u062a\u062b\u0645\u0627\u0631-30-\u0623\u0644\u0641-\u062f\u0648\u0644\u0627\u0631-..jpg\" alt=\"\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0642\u0637\u0627\u0639\" class=\"fluid\">\n                <\/div>\n                <!-- Content -->\n                <div class=\"col-12 col-m-8 rich-content\">\n                    <article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-108\" data-scroll-anchor=\"true\">\r\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[70rem]:[--thread-content-margin:--spacing(12)] px-(--thread-content-margin)\">\r\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\" tabindex=\"-1\">\r\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\r\n<div class=\"relative flex-col gap-1 md:gap-3\">\r\n<div class=\"flex max-w-full flex-col grow\">\r\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"71c50826-52c5-4da7-ad77-92b1e70b0964\" data-message-model-slug=\"gpt-4o-mini\">\r\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\r\n<div class=\"markdown prose dark:prose-invert w-full break-words dark\">\r\n<ul data-start=\"0\" data-end=\"257\" data-is-last-node=\"\" data-is-only-node=\"\">\r\n<li class=\"\" data-start=\"0\" data-end=\"50\">\r\n<p class=\"\" data-start=\"2\" data-end=\"50\">Efficiency and expertise of the consulting team.<\/p>\r\n<\/li>\r\n<li class=\"\" data-start=\"51\" data-end=\"105\">\r\n<p class=\"\" data-start=\"53\" data-end=\"105\">Innovative engineering solutions and creative ideas.<\/p>\r\n<\/li>\r\n<li class=\"\" data-start=\"106\" data-end=\"189\">\r\n<p class=\"\" data-start=\"108\" data-end=\"189\">Utilization of modern technologies and appropriate artificial intelligence tools.<\/p>\r\n<\/li>\r\n<li class=\"\" data-start=\"190\" data-end=\"215\">\r\n<p class=\"\" data-start=\"192\" data-end=\"215\">Adherence to deadlines.<\/p>\r\n<\/li>\r\n<li class=\"\" data-start=\"216\" data-end=\"257\">\r\n<p class=\"\" data-start=\"218\" data-end=\"257\">Achieving environmental sustainability.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<div class=\"flex justify-start\">\u00a0<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/article>                <\/div>\n                <!-- \/\/ Content -->\n            <\/div>\n            <!-- \/\/ Grid -->\n        <\/div>\n                <!-- Tab Content -->\n                <div class=\"tab-content\" id=\"tab-2\">\n            <!-- Grid -->\n            <div class=\"row\">\n                <!-- Content -->\n                <div class=\"col-12 col-m-6 rich-content\">\n                    <p dir=\"ltr\"><strong>Executive summary<\/strong><\/p>\r\n<ul dir=\"ltr\">\r\n<li>About the project.<\/li>\r\n<li>Financial indicators.<\/li>\r\n<li>Justifications for establishing the project.<\/li>\r\n<li>Government investment incentives in the project field.<\/li>\r\n<li>Target markets.<\/li>\r\n<li>Indicators and final results of the project.<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\"><strong>Study of project services\/products<\/strong><\/p>\r\n<ul dir=\"ltr\">\r\n<li>Description of the project and all its products\/services.<\/li>\r\n<li>Project features and production requirements.<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\"><strong>Market Size Analysis.<\/strong><\/p>\r\n<ul dir=\"ltr\">\r\n<li>Familiarity with distribution channels.<\/li>\r\n<li>Consumer behavior, desires and nature.<\/li>\r\n<li>Competitors&#8217; products\/services, and what their strengths and weaknesses are.<\/li>\r\n<li>The nature and characteristics of the market.<\/li>\r\n<li>The volume of demand for the product or service offered.<\/li>\r\n<li>Available share of the target market.<\/li>\r\n<li>The best way to market.<\/li>\r\n<\/ul>                <\/div>\n                <!-- \/\/ Content -->\n                <!-- Content -->\n                <div class=\"col-12 col-m-6 rich-content\">\n                    <p><strong>Technical study<\/strong><\/p>\r\n<ul>\r\n<li>\u0648\u0635\u0641 \u062a\u0641\u0635\u064a\u0644\u064a \u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u0645\u0634\u0631\u0648\u0639 \u0627\u0644\u0637\u0627\u0642\u0629 \u0627\u0644\u0625\u0646\u062a\u0627\u062c\u064a\u0629 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629 \u062a\u062d\u062f\u064a\u062f \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629<\/li>\r\n<li>\u062a\u062d\u062f\u064a\u062f \u062d\u062c\u0645 \u0627\u0644\u0637\u0627\u0642\u0629 \u0627\u0644\u0643\u0647\u0631\u0628\u0627\u0626\u064a\u0629 \u0648\u0627\u0644\u0645\u064a\u0627\u0647<\/li>\r\n<li>\u062a\u062d\u062f\u064a\u062f \u0627\u062d\u062a\u064a\u0627\u062c\u0627\u062a \u0627\u0644\u0645\u0634\u0631\u0648\u0639 \u0645\u0646 \u0627\u0644\u0639\u0645\u0627\u0644\u0629<\/li>\r\n<li>\u062a\u062d\u062f\u064a\u062f \u0645\u0633\u062a\u0644\u0632\u0645\u0627\u062a \u0627\u0644\u0645\u0634\u0631\u0648\u0639<\/li>\r\n<li>\u062d\u0633\u0627\u0628 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0628\u0646\u0627\u0621 \u0648\u0627\u0644\u0625\u0646\u0634\u0627\u0621\u0627\u062a<\/li>\r\n<li>\u062d\u0633\u0627\u0628 \u0625\u062c\u0645\u0627\u0644\u064a \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644<\/li>\r\n<li>\u062a\u062d\u062f\u064a\u062f \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0634\u063a\u064a\u0644 \u0627\u0644\u0633\u0646\u0648\u064a\u0629<\/li>\r\n<li>\u062a\u062d\u062f\u064a\u062f \u0645\u0642\u062f\u0627\u0631 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0639\u0627\u0645\u0644<\/li>\r\n<\/ul>\r\n<p><strong>Financial study<\/strong><\/p>\r\n<ul>\r\n<li>\u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0627\u0644\u0644\u0632\u0645\u0629 \u0644\u0644\u0645\u0634\u0631\u0648\u0639<\/li>\r\n<li>\u062a\u0646\u0638\u064a\u0645 \u0642\u0648\u0627\u0626\u0645 \u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a \u0648\u0627\u0644\u062f\u062e\u0644 \u0648\u0643\u0630\u0644\u0643 \u0642\u0627\u0626\u0645\u0629 \u0627\u0644\u0645\u0631\u0643\u0632 \u0627\u0644\u0645\u0627\u0644\u064a \u0644\u0644\u0639\u0634\u0631 \u0633\u0646\u0648\u0627\u062a \u0627\u0644\u0627\u0648\u0644\u0649 \u0645\u0646 \u0627\u0644\u062a\u0634\u063a\u064a\u0644<\/li>\r\n<li>\u062a\u062d\u062f\u064a\u062f \u062d\u062c\u0645 \u0627\u0644\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0627\u0644\u0633\u0646\u0648\u064a\u0629 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629 \u0644\u0644\u0645\u0634\u0631\u0648\u0639 \u0641\u064a \u0636\u0648\u0621 \u0627\u0644\u0637\u0627\u0642\u0627\u062a \u0627\u0644\u062a\u0634\u063a\u064a\u0644\u064a\u0629 \u0627\u0644\u0645\u062d\u062f\u062f\u0629<\/li>\r\n<li>\u0627\u0644\u0647\u064a\u0643\u0644 \u0627\u0644\u062a\u0645\u0648\u064a\u0644\u064a \u0627\u0644\u0623\u0645\u062b\u0644 \u0644\u0644\u0645\u0634\u0631\u0648\u0639 \u0641\u064a \u0636\u0648\u0621 \u0625\u0645\u0643\u0627\u0646\u064a\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0648\u0641\u064a \u0636\u0648\u0621 \u0634\u0631\u0648\u0637 \u0645\u0646\u062d \u0627\u0644\u062a\u0645\u0648\u064a\u0644<\/li>\r\n<li>\u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0644\u0644\u0645\u0634\u0631\u0648\u0639 \u0648\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u062d\u0633\u0627\u0633\u064a\u0629<\/li>\r\n<\/ul>\r\n<p><strong>Organizational and management study<\/strong><\/p>\r\n<ul>\r\n<li>\u0627\u0644\u0642\u0648\u0649 \u0627\u0644\u0639\u0627\u0645\u0644\u0629 \u0644\u0644\u0645\u0634\u0631\u0648\u0639<\/li>\r\n<li>\u0627\u0644\u0647\u064a\u0643\u0644 \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a<\/li>\r\n<li>\u0627\u0644\u0645\u0647\u0627\u0645 \u0627\u0644\u0648\u0638\u064a\u0641\u064a\u0629<\/li>\r\n<\/ul>                <\/div>\n                <!-- \/\/ Content -->\n            <\/div>\n            <!-- \/\/ Grid -->\n        <\/div>\n                <!-- Tab Content -->\n                <div class=\"tab-content\" id=\"tab-3\">\n            <!-- Grid -->\n            <div class=\"row row-reverse\">\n                 <!-- Media -->\n                 <div class=\"col-12 col-m-4\">\n                    <img decoding=\"async\" src=\"https:\/\/sa.mashroo3k.com\/wp-content\/uploads\/2021\/09\/admin-ajax-1.jpg\" alt=\"\u0627\u0644\u0645\u0634\u0631\u0648\u0639 \u0643\u0641\u0631\u0635\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629\" class=\"fluid\">\n                <\/div>\n                <!-- Content -->\n                <div class=\"col-12 col-m-8 rich-content\">\n                    <p dir=\"ltr\"><strong>The Service Sector in the Gulf Cooperation Council (GCC) Countries<\/strong><\/p>\r\n<p dir=\"ltr\">According to macroeconomic sector theory, the economy is divided into three main sectors:<\/p>\r\n<ul dir=\"ltr\">\r\n<li>\r\n<p>The <strong>first sector<\/strong> involves the extraction of raw materials and includes mining companies, logging companies, oil exploration firms, agricultural industries, and fishing activities.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The <strong>second sector<\/strong> is focused on goods production and sales, such as the automotive industry, furniture manufacturing, clothing trade, and similar activities.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The <strong>third sector<\/strong>, known as the <strong>&#8220;services sector,&#8221;<\/strong> is responsible for providing and producing services, primarily relying on intangible elements such as entertainment, healthcare, transportation, hospitality, and restaurants.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\">The theory suggests that as countries become more developed, their economies increasingly rely on the third sector, in contrast to less-developed countries that depend largely on the first sector. (For example, the services sector accounts for approximately 85% of the U.S. economy.)<\/p>\r\n<p dir=\"ltr\"><strong>Saudi Arabia:<\/strong><\/p>\r\n<p dir=\"ltr\">The service sector in Saudi Arabia is highly significant, encompassing: wholesale and retail trade, restaurants and hotels, transportation, storage, information and communications, financial services, insurance, real estate, business services, social, community, and personal services, as well as government services. Key indicators of the sector include:<\/p>\r\n<ul dir=\"ltr\">\r\n<li>\r\n<p>The service sector contributes approximately <strong>48.2%<\/strong> to Saudi Arabia\u2019s GDP.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The &#8220;wholesale and retail trade, restaurants, and hotels&#8221; segment accounts for <strong>10.8%<\/strong> of the GDP.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The &#8220;transportation, storage, information, and communications&#8221; segment contributes <strong>6.6%<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The &#8220;financial services, insurance, real estate, and business services&#8221; segment represents <strong>6.4%<\/strong> of the GDP.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The &#8220;community, social, and personal services&#8221; segment contributes <strong>2.5%<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Government services contribute <strong>21.9%<\/strong> to the GDP.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Saudi Arabia issued <strong>100,944<\/strong> new commercial licenses last year, raising the total number to <strong>348,173<\/strong> licenses.<\/p>\r\n<ul>\r\n<li>\r\n<p>Wholesale and retail trade and vehicle\/motorcycle repair accounted for the largest share with <strong>48,242<\/strong> licenses.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Accommodation and food services followed with <strong>16,531<\/strong> licenses.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Construction ranked third with <strong>11,521<\/strong> licenses.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\"><strong>Qatar:<\/strong><\/p>\r\n<ul dir=\"ltr\">\r\n<li>\r\n<p>The wholesale and retail trade sector is valued at approximately <strong>50,083 million Qatari Riyals<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>There are <strong>11,139<\/strong> establishments in the wholesale and retail sector, employing <strong>213,954<\/strong> workers.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Employee compensation in the wholesale and retail sector reached <strong>11,288,877 thousand Qatari Riyals<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The hotel and restaurant sector consists of <strong>2,396<\/strong> establishments with <strong>78,194<\/strong> employees, and total compensation of <strong>2,947,431 thousand Qatari Riyals<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Mobile phone subscribers (standard subscriptions) reached <strong>976,015<\/strong>, and prepaid service subscribers reached <strong>2,941,556<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Newly paved roads in Qatar last year covered <strong>2,224 kilometers<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p><strong>242,923<\/strong> new driving licenses were issued.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Compensation in the transport and communications sector totaled <strong>24,338,223 thousand Qatari Riyals<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p><strong>715,897<\/strong> insurance policies were issued last year.<\/p>\r\n<\/li>\r\n<li>\r\n<p>There are <strong>4,973<\/strong> business services establishments employing <strong>215,285<\/strong> workers, with compensation exceeding <strong>15,347,819 thousand Qatari Riyals<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p><strong>80,569<\/strong> individuals work in the social and personal services sector within the private sector, with total compensation estimated at <strong>6,127,645 thousand Qatari Riyals<\/strong>.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\"><strong>Kuwait:<\/strong><\/p>\r\n<ul dir=\"ltr\">\r\n<li>\r\n<p>Wholesale and retail trade contributes approximately <strong>1,644.3 million Kuwaiti Dinars<\/strong> to the GDP.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Restaurants and hotels contribute around <strong>418.6 million Kuwaiti Dinars<\/strong> to the GDP.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The transport, storage, and communications sector contributes approximately <strong>2,554.5 million Kuwaiti Dinars<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The total area of paved roads in Kuwait is <strong>91,340,068 square meters<\/strong>.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\"><strong>United Arab Emirates (UAE):<\/strong><\/p>\r\n<ul dir=\"ltr\">\r\n<li>\r\n<p>Wholesale and retail trade and motor vehicle repair account for <strong>12.3%<\/strong> of the GDP (<strong>172,288 million Dirhams<\/strong>).<\/p>\r\n<\/li>\r\n<li>\r\n<p>The transportation and storage sector contributes <strong>5.9%<\/strong> (<strong>82,461 million Dirhams<\/strong>).<\/p>\r\n<\/li>\r\n<li>\r\n<p>Accommodation and food services contribute <strong>2.3%<\/strong> (<strong>32,357 million Dirhams<\/strong>).<\/p>\r\n<\/li>\r\n<li>\r\n<p>The information and communications sector contributes <strong>2.9%<\/strong> (<strong>41,347 million Dirhams<\/strong>).<\/p>\r\n<\/li>\r\n<li>\r\n<p>Financial activities and insurance contribute <strong>9.6%<\/strong> (<strong>134,773 million Dirhams<\/strong>).<\/p>\r\n<\/li>\r\n<li>\r\n<p><strong>7,584,607<\/strong> insurance policies were issued by the end of last year.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Wholesale and retail trade accounts for <strong>13%<\/strong> of the total workforce in the UAE.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The transportation and storage sector employs <strong>6.2%<\/strong> of the total workforce, while accommodation and food services employ around <strong>5%<\/strong>.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\"><strong>Oman:<\/strong><\/p>\r\n<ul dir=\"ltr\">\r\n<li>\r\n<p>Oman\u2019s GDP stands at <strong>29.3 billion Omani Riyals<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Wholesale and retail trade contribute <strong>7%<\/strong> to the GDP (<strong>2,064.7 million Omani Riyals<\/strong>).<\/p>\r\n<\/li>\r\n<li>\r\n<p>The restaurant and hotel sector contributes <strong>1.1%<\/strong> (<strong>308.6 million Omani Riyals<\/strong>).<\/p>\r\n<\/li>\r\n<li>\r\n<p>Transport, storage, and communications contribute approximately <strong>5.9%<\/strong> (<strong>1,721.2 million Omani Riyals<\/strong>).<\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\"><strong>Global Service Sector:<\/strong><\/p>\r\n<p dir=\"ltr\">The service sector is the largest contributor to global GDP, accounting for more than three-fifths of total output. Unlike manufacturing industries that produce tangible goods like automobiles and furniture, the service sector revolves around intangible services such as banking, healthcare, transportation, hospitality, and entertainment.<\/p>\r\n<ul dir=\"ltr\">\r\n<li>\r\n<p>The global service sector was valued at approximately <strong>USD 10,814.49 billion<\/strong> in 2020.<\/p>\r\n<\/li>\r\n<li>\r\n<p>It rose to about <strong>USD 11,780.11 billion<\/strong> in 2021, achieving a compound annual growth rate (CAGR) of <strong>8.9%<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>After recovering from the COVID-19 pandemic, experts project that the sector\u2019s value will reach <strong>USD 15,683.84 billion<\/strong> by 2025, with an expected CAGR of <strong>7%<\/strong> over the coming years.<\/p>\r\n<\/li>\r\n<\/ul>                <\/div>\n                <!-- \/\/ Content -->\n            <\/div>\n            <!-- \/\/ Grid -->\n        <\/div>\n                <!-- Tab Content -->\n                <div class=\"tab-content\" id=\"tab-4\">\n            <!-- Grid -->\n            <div class=\"row\">\n                <!-- Media -->\n                <div class=\"col-12 col-m-4\">\n                    <img decoding=\"async\" src=\"https:\/\/sa.mashroo3k.com\/wp-content\/uploads\/2021\/09\/admin-ajax-1.jpg\" alt=\"\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u0634\u0631\u0648\u0639\" class=\"fluid\">\n                <\/div>\n                <!-- Content -->\n                <div class=\"col-12 col-m-8 rich-content\">\n                    <ul>\r\n<li>&#8220;Mashroo3k&#8221; Consulting Company recommends investing in the service industry, as its contribution to global GDP increased from 62.8% in 2010 to 65.7% in 2020. According to World Bank data, the sector&#8217;s contribution to global GDP is expected to rise to 69.6% by 2030.<\/li>\r\n<\/ul>                <\/div>\n                <!-- \/\/ Content -->\n            <\/div>\n            <!-- \/\/ Grid -->\n        <\/div>\n                <!-- \/\/ Tab Content -->\n    <\/div>\n    <!-- \/\/ Tabs Wraper -->\n<\/div>\n<!-- \/\/ Study Subjects -->\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":13860,"template":"","studies-categories":[57],"studies-tags":[],"yst_prominent_words":[],"class_list":["post-17895","studies","type-studies","status-publish","has-post-thumbnail","hentry","studies-categories-service-and-commercial-sector"],"_links":{"self":[{"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/studies\/17895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/studies"}],"about":[{"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/types\/studies"}],"version-history":[{"count":3,"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/studies\/17895\/revisions"}],"predecessor-version":[{"id":18151,"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/studies\/17895\/revisions\/18151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/media\/13860"}],"wp:attachment":[{"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/media?parent=17895"}],"wp:term":[{"taxonomy":"studies-categories","embeddable":true,"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/studies-categories?post=17895"},{"taxonomy":"studies-tags","embeddable":true,"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/studies-tags?post=17895"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/om.mashroo3k.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=17895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}