Latest news with #2024SafetyandSecurityIndex
Hi Dubai
a day ago
- Business
- Hi Dubai
GCC Countries Boost Tourism Revenue as Visitor Spending Set to Hit $223.7 Billion by 2034
GCC countries are on track to significantly expand their tourism sector, with visitor spending projected to reach US$223.7 billion by 2034, according to new figures released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat). In 2023 alone, international visitors spent US$135.5 billion across the region, marking a sharp 28.9% rise compared to pre-pandemic levels in 2019. This surge highlights the region's accelerating momentum in attracting global tourists and boosting its non-oil economy. Tourism's growing economic role is also reflected in its projected contribution to total exports, which is expected to climb to 13.4% by 2034. The report also points to continued progress across key tourism indicators, underscoring the GCC's strategic focus on the sector as part of its broader economic diversification efforts. Safety and security remain major strengths, with the GCC topping the 2024 Safety and Security Index for the Middle East and North Africa. All member states scored above the regional average of 5.86 out of 7. In addition, GCC nations ranked among the top six in the Arab region for passport strength, further supporting their push to attract international travelers and strengthen global mobility. These milestones affirm the GCC's growing position as a leading destination in the global tourism landscape. News Source: Emirates News Agency
Gulf Today
3 days ago
- Business
- Gulf Today
GCC visitors spending in 2034 expected to reach $223.7 billion: GCC-Stat
The latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) revealed that the expected spending by visitors to GCC countries is projected to reach US$223.7 billion in 2034, while the expected contribution of incoming visitor spending to total exports will reach 13.4 per cent. The Centre also indicated that GCC countries are achieving steady progress in many tourism-related indicators. The data demonstrate that total international visitor spending in GCC countries amounted to US$135.5 billion in 2023, with a 28.9 percent increase compared to the figures recorded in 2019. The GCC countries ranked first in the Middle East and North Africa region's 2024 Safety and Security Index. All GCC countries scored above the regional average of 5.86 points, taking into consideration that the index ranges from 1 to 7 points. They also ranked among the top 6 countries in terms of passport power in the Arab region. WAM
Al Etihad
3 days ago
- Business
- Al Etihad
GCC visitors spending expected to reach $223.7 billion in 2034: GCC-Stat
21 June 2025 16:04 MUSCAT (WAM) The latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) revealed that the expected spending by visitors to GCC countries is projected to reach $223.7 billion in 2034, while the expected contribution of incoming visitor spending to total exports will reach 13.4%.The Centre also indicated that GCC countries are achieving steady progress in many tourism-related data demonstrate that total international visitor spending in GCC countries amounted to $135.5 billion in 2023, with a 28.9% increase compared to the figures recorded in GCC countries ranked first in the Middle East and North Africa region's 2024 Safety and Security Index. All GCC countries scored above the regional average of 5.86 points, taking into consideration that the index ranges from 1 to 7 points. They also ranked among the top 6 countries in terms of passport power in the Arab region.
