Germany aims to see tourism levels from KSA return to pre-COVID levels by 2023

As part of its global efforts, the GNTB has launched a marketing campaign to help boost numbers from the region. (Supplied)
Short Url
Updated 26 June 2021
Follow

Germany aims to see tourism levels from KSA return to pre-COVID levels by 2023

  • From June 25, Germany will reopen to international tourists who have been vaccinated

The number of tourists from Saudi Arabia and the wider Gulf Cooperation Council (GCC) region is likely to be down by around 50 percent in 2021, compared to 2019, but the EU country is aiming to return to pre-pandemic levels by 2023.

The German National Tourist Board (GNTB) last week announced that from June 25 Germany will reopen to international tourists who have been vaccinated.

“Germany recorded 1.6 million overnight stays from the Gulf region in 2019, with the Kingdom of Saudi Arabia being one of the most important markets,” Yamina Sofo, GNTB’s director of sales and marketing for the Gulf, told Arab News.

“We anticipate that there will be a strong growth in interest from travellers from across the region, especially during the summer months. Germany is aiming to achieve 800,000 overnight stays from the region, which attributes to 50 percent of the 2019 figures. Germany aims to reach similar figures to 2019 by 2023,” she added.

As part of its global efforts, the GNTB has launched a marketing campaign to help boost numbers from the region.

“Our seasonal campaigns including ‘German.Local.Culture,’ are a key focus for us during the coming months, and form the core of our promotional efforts across Saudi Arabia and the wider GCC. The campaign aims to inspire travellers to journey off the beaten track when exploring Germany this summer,” Sofo said.

Under the new rules, tourists wishing to enter the country must provide proof that they have received an approved coronavirus disease vaccine, including Pfizer-BioNTech, Moderna, AstraZeneca and Johnson & Johnson, within the previous 14 days of arrival.


Closing Bell: Saudi main index extends gains as market opens wider to foreign investment

Updated 02 February 2026
Follow

Closing Bell: Saudi main index extends gains as market opens wider to foreign investment

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 153.61 points, or 1.38 percent, to close at 11,321.09.

The total trading turnover of the benchmark index was SR5.85 billion ($1.56 billion), as 207 of the listed stocks advanced, while 55 retreated.

The MSCI Tadawul Index increased, up 21.20 points or 1.41 percent, to close at 1,524.18.

The Kingdom’s parallel market Nomu gained 278.13 points, or 1.17 percent, to close at 24,013.03. This comes as 43 of the listed stocks advanced, while 29 retreated.

The best-performing stock was Saudi Pharmaceutical Industries and Medical Appliances Corp., with its share price surging by 7.26 percent to SR28.94.

Other top performers included Rasan Information Technology Co., which saw its share price rise by 6.51 percent to SR144, and Knowledge Economic City, which saw a 6.25 percent increase to SR13.09.

On the downside, the worst performer of the day was Najran Cement Co., whose share price fell by 2.11 percent to SR6.49.

Almasane Alkobra Mining Co. and Saudi Cable Co. also saw declines, with their shares dropping by 2 percent and 1.88 percent to SR103.10 and SR166.80, respectively.

On the announcement front, Riyad Bank has announced its annual financial results for 2025, with the total income from special commission of financing reaching SR24.1 billion, while net income from special commission of financing amounted to SR12 billion.

In a statement on Tadawul, the bank said: “Net income increased by 11.7 percent mainly due to an increase in total operating income and a decrease in total operating expenses.”

The bank further noted that the rise in total operating income was primarily driven by increased revenue from fees and commissions, trading activities, special commissions, gains on non-trading investments, and other operating sources. This growth was partially tempered by declines in exchange and dividend income.

“Net provision of expected credit losses and other losses decreased by 15.8 percent due to a decrease in impairment charge of credit losses and impairment charge for other financial assets, partially offset by an increase in impairment charge for investments,” it added.

RIBL’s share price closed at SR18.18 on the main market, marking a 1.43 percent increase.