Doha Port books record tourist arrivals in 2022-2023 cruise season: Mwani Qatar

Mwani Qatar revealed 273,666 visitors arrived at the port aboard 55 cruise ships – with the latter figure representing a 62 percent rise compared to the 2021-2022 season. (Shutterstock) 
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Updated 17 April 2023
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Doha Port books record tourist arrivals in 2022-2023 cruise season: Mwani Qatar

RIYADH: Doha Port saw tourist arrivals surge by 166 percent in the 2022-2023 cruise season to hit a record high, according to Qatar Ports Management Co..

The organization, also known as Mwani Qatar, revealed 273,666 visitors arrived at the port aboard 55 cruise ships – with the latter figure representing a 62 percent rise compared to the 2021-2022 season. 

The report added that 2022-2023 also witnessed 19,400 tourists embarking on trips starting from Doha, cementing the port’s role of encouraging cruise tourism in line with the Qatar National Vision 2030. 

The new passenger terminal at Doha Port, with its strategic location close to some of Doha’s most popular attractions, accommodates up to 12,000 individuals per day. 

The terminal is minutes away from tourist destinations such as the National Museum of Qatar, the Doha Corniche and Souq Waqif poses an advantage in bringing tourists closer to these attractions. 

Qatar’s cruise sector has been strengthening the country’s position as a leading destination for cruise tourism and supporting the national economy by earning tourism revenue and encouraging more business and employment opportunities. 

Mwani Qatar manages the country’s seaports and shipping terminals and aims to develop further into a regional shipping hub. 

It plays a crucial role in diversifying the Qatari economy to ensure it is ready for a post-hydrocarbon future. 

After 12 years of preparation to host the prestigious FIFA World Cup last year — 12 years that transformed the tiny, gas-rich Gulf nation of Qatar — the country is focusing on maintaining its momentum and boosting its tourism and cultural industries. 

“The World Cup, to us, was a bonus on top of what we were already doing in the cultural realm,” Sheikha Reem Al-Thani, acting deputy CEO of exhibitions and marketing for Qatar Museums, told Arab News earlier this year, in March. 

Much of Qatar’s tourism and cultural boom, says Al-Thani, is part of the Qatar National Vision 2030 strategy, which was formalized in July 2008. 

The World Cup crowds may have left, but many ongoing projects signal further growth. 


Closing Bell: Saudi equities continue 4-day upward trend 

Updated 8 sec ago
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Closing Bell: Saudi equities continue 4-day upward trend 

RIYADH: Saudi equities closed higher on Wednesday, with the Tadawul All Share Index rising 51.52 points, or 0.47 percent, to finish at 10,945.15. 

Trading activity was robust, with 373.9 million shares exchanged and total turnover reaching SR6.81 billion. 

The MT30 Index also ended the session in positive territory, advancing 11.93 points, or 0.82 percent, to 1,472.82, while the Nomu Parallel Market Index declined 116.82 points, or 0.49 percent, to 23,551.47, reflecting continued volatility in the parallel market.

The main market saw 90 gainers against 171 decliners, indicating selective buying. 

On the upside, Al Kathiri Holding Co. led gainers, closing at SR2.18, up SR0.12, or 5.83 percent. Wafrah for Industry and Development Co. advanced to SR23, gaining SR0.99, or 4.5 percent, while Al Ramz Real Estate Co. rose 4.35 percent to close at SR60.

SABIC Agri-Nutrients Co. added 4.21 percent to SR118.70, and Al Jouf Agricultural Development Co. climbed 4.12 percent to SR45. 

Meanwhile, losses were led by Saudi Industrial Export Co., which fell 9.73 percent to SR2.69. United Cooperative Assurance Co. declined 5.08 percent to SR3.74, while Thimar Development Holding Co. dropped 4.54 percent to SR35.30.  

Abdullah Saad Mohammed Abo Moati for Bookstores Co. retreated 4.15 percent to SR48.50, and Gulf Union Alahlia Cooperative Insurance Co. slipped 3.96 percent to SR10.44. 

On the announcement front, Saudi National Bank announced its intention to issue US dollar-denominated Additional Tier 1 capital notes under its existing international capital programe, with the final size and terms to be determined subject to market conditions and regulatory approvals.  

The planned issuance aims to strengthen Tier 1 capital and support the bank’s broader financial and strategic objectives.  

The stock closed at SR42.70, gaining SR0.70, or 1.67 percent, reflecting positive investor reaction to the capital management move. 

Separately, Almasane Alkobra Mining Co. said its board approved the establishment of a wholly owned simplified joint stock company to provide drilling, exploration and related support services, with a share capital of SR100 million and headquarters in Najran, subject to regulatory approvals.  

The new subsidiary aligns with the company’s strategy to enhance operational efficiency and expand its role in the Kingdom’s mining sector.

Shares of Almasane Alkobra Mining closed at SR98.70, up SR0.30, or 0.3 percent, by the end of the session.