Saudi tourists shun Turkey as sector feels the pinch

The number of Saudi tourists visiting the country dropped by more than 28 percent in August compared with a year earlier. (Shutterstock)
Updated 02 October 2019
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Saudi tourists shun Turkey as sector feels the pinch

  • During the first eight months of 2019, the number of Saudi tourists visiting Turkey fell by 19.7 percent on a year earlier

LONDON: Turkey has reported a sharp drop in tourists from Saudi Arabia and the wider Gulf this year, according to government data.

The number of Saudi tourists visiting the country dropped by more than 28 percent in August compared with a year earlier, according to figures from the Turkish Ministry of Culture and Tourism. Arrivals from the UAE also fell by almost 16 percent over the same period.

During the first eight months of 2019, the number of Saudi tourists visiting Turkey fell by 19.7 percent, while UAE tourists fell by 12.5 percent, compared with the year-earlier period. However, the country remained popular with visitors from Egypt and Israel, rising 24.6 percent and 26.2 percent, respectively, in the same period.

Saudi authorities have published a number of travel notices for its citizens visiting the country this year after some were targets of theft and fraud.

The loss of high-spending Gulf tourists comes as a major blow to the country’s battered tourism sector which has also been left reeling by the collapse of Thomas Cook, the UK tour operator that went bust last week. 

The decline in tourism from the Gulf has coincided with a retreat by Arab real estate investors according to Bulut Bagci, president of World Tourism Forum

“Arab tourists were coming to Turkey both for tourism and investment,” he said.

“Apart from diplomatic conflicts between KSA and Turkey, I think Arab tourists were dissatisfied when they noticed that the houses that they bought in Turkey incurred losses.”


Closing Bell: Saudi main index closes in red at 10,947 

Updated 19 February 2026
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Closing Bell: Saudi main index closes in red at 10,947 

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 208.20 points, or 1.87 percent, to close at 10,947.25. 

The total trading turnover of the benchmark index was SR4.80 billion ($1.28 billion), as 14 of the listed stocks advanced, while 253 retreated. 

The MSCI Tadawul Index decreased, down 25.35 points, or 1.69 percent, to close at 1,477.71. 

The Kingdom’s parallel market Nomu lost 217.90 points, or 0.92 percent, to close at 23,404.75. This came as 24 of the listed stocks advanced, while 43 retreated. 

The best-performing stock was Musharaka REIT Fund, with its share price up 2.12 percent to SR4.34. 

Other top performers included Al Hassan Ghazi Ibrahim Shaker Co., which saw its share price rise by 1.18 percent to SR17.20, and Saudi Industrial Export Co., which saw a 0.8 percent increase to SR2.51. 

On the downside, Abdullah Saad Mohammed Abo Moati for Bookstores Co. was among the day’s biggest decliners, with its share price falling 9.3 percent to SR39. 

National Medical Care Co. fell 8.98 percent to SR128.80, while National Co. for Learning and Education declined 6.35 percent to SR116.50. 

On the announcements front, Red Sea International said its subsidiary, the Fundamental Installation for Electric Work Co., has entered into a framework agreement with King Salman International Airport Development Co. 

In a Tadawul statement, the company noted that the agreement establishes the general terms and conditions for the execution of enabling works at the King Salman International Airport project in Riyadh.  

Under the 48-month contract, the scope of work includes the supply, installation, testing, and commissioning of all mechanical, electrical, and plumbing systems.  

Utilizing a re-measurement model, specific work orders will be issued on a call-off basis, with the final contract value to be determined upon the completion and measurement of actual quantities executed.  

The financial impact of this collaboration is expected to begin reflecting on the company’s statements starting in the first quarter of 2026, the statement said. 

The company’s share price reached SR23.05, marking a 2.45 percent decrease on the main market.