The Middle East's travel and tourism sector is forecast to shrink 14.5% in 2026 amid geopolitical disruptions, but the World Travel & Tourism Council (WTTC) expects the region to become the world's fastest-growing tourism market through 2036, led by Gulf economies.
AES Engineering has strengthened its presence in the Middle East reliability sector by acquiring a controlling stake in Technomax Middle East Engineering and Technomax Industrial Services, based in Abu Dhabi, UAE.
India's top engineering and construction conglomerate Larsen and Toubro (L&T) has announced that its key subsidiary L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra-mega order - valued at over Rs150 billion ($1.57 billion) - from ADNOC Offshore for development of multiple offshore facilities.
Companies in the Europe, Middle East and Africa (EMEA) region are overhauling their data infrastructure to keep pace with the rapid adoption of AI, with 98% saying they delayed or cancelled an AI project in the past year because of data governance and compliance, said a recent survey.
WSP, one of the world’s leading professional services consulting firms, has appointed Dincer Mete as Director of Infrastructure, Middle East. Based in Riyadh, Dincer will support the continued growth and delivery of WSP’s Transport & Infrastructure business across the region.
Intech is expanding its Middle East presence after securing a project to deliver an integrated electrical automation solution for a key onshore facility operated by a major regional energy company.
Global airfreight volumes declined in the first full week of August after a mild rally the previous week, with chargeable weight sinking from all origins, said a report. The Middle East was among the weakest-performing markets, along with South Asia, with volumes down 6pc in the first full week of August.
IHG Hotels & Resorts has signed a franchise agreement with Morina Development & Investment to introduce Cantonal Hotel Riyadh Noted Collection by IHG, marking the brand’s debut in the Middle East.
Minor Hotels reported steady growth in the second quarter of 2026, with core profit rising 2% year-on-year to THB 2.8 billion (approximately $84.3 million), supported by continued strength across Europe and the Americas that helped offset weaker trading conditions in the Middle East.
Egis, a leader in architecture, consulting, construction engineering, operations and maintenance services firm, has appointed Steven Scott as its regional director of advisory business across Mideast and South Asia. An industry veteran, he has 34 years of experience in development and infrastructure consulting, including 18 in the region.
