Latest news with #GCCStatisticalCentre
Hi Dubai
21-04-2025
- General
- Hi Dubai
GCC Nature Reserves Expand by 6.6% in 2023
The total area of terrestrial nature reserves across Gulf Cooperation Council (GCC) countries expanded by 6.6% in 2023, reaching 390.5 thousand square kilometres, up from 366.5 thousand square kilometres the previous year, according to the latest data from the GCC Statistical Centre (GCC-Stat). This growth reflects a broader trend in the region's conservation efforts. Nature reserves in the GCC saw a significant leap in 2020, when their cumulative area jumped to 352.6 thousand square kilometres from just 111.4 thousand in 2015. Meanwhile, mountain reserves in Oman, the UAE, and Saudi Arabia also grew—from 9.5 thousand square kilometres in 1996 to 14.7 thousand by 2022. The GCC's commitment to environmental protection is not new. It launched the GCC Environmental and Wildlife Award in 1985, followed by the Green Gulf Initiative for Environment and Sustainable Development in 2007. All member states joined the Convention on Biological Diversity in 2010 and later acceded to the CITES agreement in 2012. In 2016, the GCC Environmental Web Portal was introduced to support regional biodiversity monitoring. These efforts underscore the bloc's long-term dedication to preserving its natural landscapes and wildlife amid ongoing development and climate challenges. News Source: Emirates News Agency
Zawya
15-04-2025
- Business
- Zawya
Travel and tourism sector contributes 11.4% to GCC's GDP
Muscat: The latest data released by the GCC Statistical Centre (GCC-Stat) indicate that the travel and tourism sector's contribution to the GCC's gross domestic product (GDP) by the end of 2024 reached approximately 11.4%, with a value of OMR95 billion (USD 247.1 billion). The data also demonstrates that the growth rate of the sector's contribution to the GCC's GDP increased by approximately 31.9% compared to the figures recorded in 2019. The Centre revealed that the sector's contribution to the global GDP in 2024 amounted to 2.2%. It also pointed out that the sector's contribution to the GCC's GDP is expected to reach 13.3% in 2034 insomuch as RO 142.8 billion (USD 371.2 billion). The average annual growth rate of the sector's contribution during the period from 2024 to 2034 is expected to exceed 4.2%. On the other hand, statistics indicate that the average annual growth rate in the number of tourists traveling between GCC countries during the period from 2019 to 2023 reached 41.5%, which accounted for 26.5% of the total international tourists arriving in GCC countries in 2023. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
14-04-2025
- Business
- Times of Oman
Travel and tourism sector contributes 11.4% to GCC's GDP
Muscat: The latest data released by the GCC Statistical Centre (GCC-Stat) indicate that the travel and tourism sector's contribution to the GCC's gross domestic product (GDP) by the end of 2024 reached approximately 11.4%, with a value of OMR95 billion (USD 247.1 billion). The data also demonstrates that the growth rate of the sector's contribution to the GCC's GDP increased by approximately 31.9% compared to the figures recorded in 2019. The Centre revealed that the sector's contribution to the global GDP in 2024 amounted to 2.2%. It also pointed out that the sector's contribution to the GCC's GDP is expected to reach 13.3% in 2034 insomuch as RO 142.8 billion (USD 371.2 billion). The average annual growth rate of the sector's contribution during the period from 2024 to 2034 is expected to exceed 4.2%. On the other hand, statistics indicate that the average annual growth rate in the number of tourists traveling between GCC countries during the period from 2019 to 2023 reached 41.5%, which accounted for 26.5% of the total international tourists arriving in GCC countries in 2023.
Daily Tribune
20-03-2025
- Business
- Daily Tribune
Bahrain sees Gulf business licences soar by 524%
Bahrain ranked second in the Gulf for issuing business licences to GCC citizens, recording a 524 per cent increase since 2007. Saudis accounted for three-quarters of these permits. Meanwhile, property ownership by Gulf nationals in Bahrain reached 2,407 cases in 2023, with Emiratis making up the largest share at 33.7 per cent. The figures come from the GCC Common Market report, published by the GCC Statistical Centre, which tracks economic ties across the bloc. Bahrain issued 27,300 business licences, making it the second most active country in the region after the UAE, which granted 30,600. Across the Gulf, the total number of licences surged to 81,200, compared to 14,600 in 2007, an increase of 455.6 per cent. The report also sheds light on intra-GCC trade, where Bahrain recorded $9.9 billion in exports, placing it behind the UAE and Saudi Arabia. Private sector Meanwhile, Gulf citizens working in other member states numbered 32,400, with twothirds employed in the private sector, which saw a rise of 18.6 per cent compared to 2007. Gulf citizens' property purchases in other member states grew by 25.7 per cent in 2023, with Bahrain and the UAE seeing the most deals. In Bahrain, Emiratis made up 33.7 per cent of buyers, followed by Saudis (29.9 per cent), Kuwaitis (27.3 per cent), Qataris (7.8 per cent), and Omanis (1.4 per cent). Bahrainis topped the list of Gulf investors in Qatar, accounting for 37.6 per cent of all purchases. In Saudi Arabia, they were the second largest group, making up 10.3 per cent of 1,996 transactions, while Kuwaitis accounted for 74.4 per cent. In Kuwait, Bahrainis ranked behind Saudis, who dominated 89.3 per cent of 214 transactions, while Bahrainis held a 7.5 per cent share. Bahrain remains a hub for regional investors, with 40 publicly listed companies open to Gulf nationals. These firms hold a combined capital of $17.5 billion, with 52,700 Gulf shareholders. Saudi investors made up 51.4 per cent of foreign shareholders in Bahrain's stock market, followed by Kuwaitis at 26.2 per cent. Across the GCC, 737 public companies are open to Gulf investors, holding $520.4 billion in capital, with 522,200 shareholders. Saudi Arabia had the largest share, with 226 companies and $210.9 billion in capital, drawing 11,400 Gulf investors.
Zawya
17-03-2025
- Business
- Zawya
GCC-Stat: worker remittances to foreign destinations reach $131.5nln
MUSCAT: The total remittances of workers in the Gulf Cooperation Council (GCC) countries to foreign destinations amounted to USD 131.5 billion by the end of 2023, according to the latest data released by the GCC Statistical Centre. The center's report indicated that this marked a decrease by approximately USD 0.5 billion compared to 2022, a 0.4 percent decline. This comes after significant increases recorded in 2021 and 2022, which saw growth rates of 9.2 percent and 3.8 percent, respectively. The volume of workers' remittances from GCC countries is the highest globally, followed by remittances from the United States. Additionally, the share of these remittances as a percentage of the GCC's Gross Domestic Product (GDP), at current prices, declined from 8.1 percent in 2020 to six percent in 2022, before experiencing a slight increase in 2023, settling at 6.2 percent. The Statistical Centre, with its headquarters in Oman, was established in 2011 to provide a common official pool of statistics and data for GCC member states. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
