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
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Updated 04 August 2024
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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 index extends gains as market opens wider to foreign investment

Updated 02 February 2026
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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.