The global construction equipment leasing industry is gaining momentum, with its value projected to exceed $75 billion by 2024. Factors such as lower administrative overheads, reduced maintenance costs, are expected to drive rapid growth in the market.
Due largely to such developments as Saudi Vision 2030, Dubai Expo 2020 and the Smart Dubai initiative, GCC countries are heavily investing in infrastructure projects, bringing significant development opportunities for the construction sector.
The 5th Middle East Leasing Summit (Equipment Leasing Forum) offers a platform for industry professionals to discuss issues at the forefront of equipment leasing in the Middle East. At the summit, government officials from across the region, speakers representing notable industry associations and leading companies, will share experiences and opinions on the leasing market in the Middle East. Attendees will be equipped with the latest knowledge on market conditions, and government policies and regulations for the leasing industry.
Projections state that the global car rental market is set to grow at a CAGR Of 17.52% from 2018- 2022, including an 8% rate in the United Arab Emirates, which is bolstered by a strong economic outlook for the UAE and naturally high demand for car rental services.
The vibrant tourist industry contributes substantially to the growth in the car rental market. Healthy economic growth and rising disposable income in developing countries is also expected to have a positive impact on the car rental market, in addition to the increased convenience of car rental services enabled by Internet and smartphone platforms. The affordability and greater accessibility of car rentals will open new avenues in the near future for a wide range of market players.
The 5th Middle East Leasing Summit will delve into leading topics related to the car rental and leasing markets, including government policies, consumer & auto finance, fleet leasing, and risk management, providing a platform for industry professionals to exchange high-level knowledge. Government officials from across the region, as well as speakers representing trade associations and prominent companies, will share valuable experiences and opinions on auto finance and leasing in the Middle East.