Mega-events to draw $44bn in UAE tourism value by ’20

Dubai / Emirates Business

Virtual reality concerts and matches, augmented reality apps, and immersive audiovisual will catalyze $44 billion in UAE tourism receipts by 2020, and transform the live entertainment and mega-event experience for millions of people across the Middle East and Africa.
With the UAE enhancing its role as a global leisure, tourism, and entertainment hub, it is set to welcome 25 million visitors for Expo 2020 Dubai, and draw $44 billion in international tourism receipts by 2020, or 51 percent growth from 2016, according to BMI Research.
Thanks to mega-projects such as the UAE’s Bluewaters Island, Expo 2020 Dubai, and the Warner Brothers theme park, the Middle East and North Africa’s $4 trillion construction market is the world’s fastest-growing, according to reports by BMI Research and PwC.
“The Middle East and North Africa is one of the world’s fastest-growing live event markets. The UAE has the potential to leapfrog established European and North American markets in using the latest audiovisual innovations to transform the visitor experience,” said Dan Bolton, President of the International Live Events Association Middle East.
As a result, the Middle East’s professional audiovisual market is one of the world’s fastest-growing at 15 percent CAGR, reaching USD 2.8 billion in 2016, with the UAE as the region’s largest at USD 1.2 billion in 2016, according to a report by InfoComm International, organizers of InfoComm Middle East and Africa, the region’s largest professional audiovisual event.

Augmented and VR to
Transform Live Events
InfoComm MEA 2017 will be held under the theme of “See the Future of Networked Communications,” showcasing the latest audiovisual solutions and knowledge across audio, digital signage, and immersive technologies such as augmented reality and virtual reality.
Experts agree that thanks to the Middle East and North Africa’s ICT infrastructure, along with the region being the world’s second-fastest market in smartphone adoption, according to industry group GSMA, virtual and augmented reality can transform the live event
experience.
“With the Middle East and North Africa’s strong investment and innovative mindset, Expo 2020 Dubai and Morocco’s potential hosting of the 2026 World Cup present strong opportunities to showcase how virtual and augmented reality can deliver immersive mega-event experiences. Fans can be in the front row at a match or concert, and receive geo-location offers in venues,” said Shujat Mirza, Chapter President – Dubai at the global association Virtual Reality/Augmented Reality Association.

Standalone Show Sees Strong Success
For 2017, InfoComm MEA has expanded its partnerships to drive audiovisual take-up and innovation, with the International Live Events Association and Virtual Reality/Augmented Reality Association set to host half-day seminars on professional
audiovisual innovation.
Supporting leisure and hospitality projects to enhance the guest and visitor experience, the Association of Professional Interior Designers return as a partner and host a half-day seminar.
The InfoComm MEA Summit expects to host more than 500 delegates to network with the world’s top audiovisual experts, and exchange knowledge on and share rising trends, technology updates and industry best practices. Three program tracks will include the InfoComm University Seminar, Technology Forums, and Industry Forums.
“InfoComm MEA saw strong success on our first standalone edition in 2016, with 45 percent visitor growth. Thanks to our expanded partnerships and conference program tracks, and enhanced exhibitor and visitor experiences, Middle East and Africa entertainment leaders will be able to sign deals and exchange knowledge to support the region’s audiovisual growth,” said David Lim, Project Director of InfoCommAsia Pte Ltd., the event’s co-organizers.
The 7thInfoComm MEA will run from December
5-7 at the Dubai World Trade Centre.