Bahraini nationals top list of 8.6m GCC visitors to Saudi Arabia

Saudi Arabia is focused on strengthening its tourism sector as part of its economic diversification away from crude oil dependence. File
Short Url
Updated 04 August 2024
Follow

Bahraini nationals top list of 8.6m GCC visitors to Saudi Arabia

RIYADH: Saudi Arabia welcomed 8.6 million visitors from Gulf Cooperation Council countries in 2023, with Bahraini travelers accounting for 3.4 million of the total. 

The Ministry of Tourism revealed that 2.3 million travelers visited the Kingdom from Kuwait last year, followed by 1.3 million from the UAE and 1.09 million from Qatar. 

The report also noted that 455,000 travelers from Oman visited the Kingdom last year. 

Saudi Arabia is focused on strengthening its tourism sector as part of its economic diversification away from crude oil dependence. The National Tourism Strategy aims to attract 150 million visitors by 2030 and increase the sector’s contribution to gross domestic product from 6 percent to 10 percent. 

Saudi Minister of Tourism Ahmed Al-Khateeb said: “The 2023 data reveal that our tourism sector is experiencing remarkable growth and resilience.”  

He added: “The statistics shown in the report not only reflect the success of tourism policies but also demonstrate the vibrant economic activity driven by this sector.”  

The ministry noted that tourism spending among GCC travelers reached SR15 billion ($4 billion) in 2023.  

The Kingdom welcomed a total of 109 million tourists last year, with inbound tourists rising by 64.8 percent to 27.4 million and outbound tourists increasing by 5.2 percent to 81.9 million. 

Tourism spending totaled SR141.2 billion for inbound and SR114.4 billion for outbound tourists. 

“The influx of tourists has bolstered local businesses, from hospitality to retail, and has notably invigorated the national economy,” added Al-Khateeb.  

From Asia and the Pacific, Saudi Arabia saw 7.9 million visitors, with Pakistan leading at 2.47 million.  

In the Middle East, the Kingdom welcomed 5.6 million travelers, including 2.58 million from Egypt and 1.12 million from Jordan. 

From the Americas, the US was the top source with 331,000 visitors. Algeria led African nations with 523,000 travelers, while Europe contributed 680,000 tourists, with Uzbekistan and the UK adding 540,000 and 370,000 visitors, respectively. 

This reflects Saudi Arabia’s thriving tourism sector, as the Kingdom enhances its infrastructure and attractions, solidifying its position as a leading global destination and boosting economic growth and regional influence.


Closing Bell: Saudi main market sheds 85 points to finish at 11,098 

Updated 17 February 2026
Follow

Closing Bell: Saudi main market sheds 85 points to finish at 11,098 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower in the latest session, falling 85.79 points, or 0.77 percent, to finish at 11,098.06. 

The MSCI Tadawul 30 Index declined 0.63 percent to close at 1,495.23, while the parallel market index Nomu dropped 0.91 percent to 23,548.56.  

Market breadth was firmly negative, with 42 gainers against 218 decliners on the main market. Trading activity saw 226 million shares exchanged, with total turnover reaching SR4.5 billion ($1.19 billion).  

Among the session’s gainers, Tourism Enterprise Co. rose 9.40 percent to SR15.02. SHL Finance Co. advanced 4.51 percent to SR16.00, while Almasar Alshamil for Education Co. gained 3.56 percent to SR23.88.  

Dar Alarkan Real Estate Development Co. added 3.03 percent to SR19.70, and Banque Saudi Fransi climbed 2.61 percent to SR19.30. 

On the losing side, Almasane Alkobra Mining Co. recorded the steepest decline, falling 6.61 percent to SR96.

Al Moammar Information Systems Co. dropped 5.14 percent to SR164.20, while National Company for Learning and Education declined 4.60 percent to SR124.30. Saudi Ceramic Co. slipped 4.14 percent to SR27.30, and Arabian Contracting Services Co. fell 4.12 percent to SR116.50. 

On the announcement front, Saudi Telecom Co. announced the distribution of interim cash dividends for the fourth quarter of 2025 in line with its approved dividend policy.  

The company will distribute SR2.74 billion, equivalent to SR0.55 per share, to shareholders for the quarter.  

The number of shares eligible for dividends stands at approximately 4.99 billion shares. The eligibility date has been set for Feb. 23, with distribution scheduled for March 12.  

The company noted that treasury shares are not entitled to dividends and that payments will be made through Riyad Bank via direct transfer to shareholders’ bank accounts. stc shares last traded at SR44.80, unchanged on the session. 

Separately, National Environmental Recycling Co., known as Tadweer, reported its annual financial results for the year ended Dec. 31, 2025, posting significant growth in revenue and profit.  

Revenue rose 53.5 percent year on year to SR1.24 billion, compared with SR806 million in the previous year. Net profit attributable to shareholders increased 68.4 percent to SR60.9 million, up from SR36.2 million a year earlier, driven by higher sales volumes and operational expansion.

Tadweer shares last traded at SR3.80, up 2.70 percent.