GCC tourism surges to $247bn as intra-regional travel accelerates 

According to preliminary data from the GCC Statistical Centre, intra-GCC travel experienced a sharp rebound, rising 52 percent over the same period, with 19.3 million visitors traveling between member states.  Shutterstock
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Updated 28 September 2025
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GCC tourism surges to $247bn as intra-regional travel accelerates 

JEDDAH: Tourism across the Gulf Cooperation Council contributed $247.1 billion to the region’s economy in 2024, marking a nearly 32 percent increase compared with 2019, the latest official data showed.  

According to preliminary data from the GCC Statistical Center, intra-GCC travel experienced a sharp rebound, rising 52 percent over the same period, with 19.3 million visitors traveling between member states.  

Intra-regional tourism now accounts for 26.7 percent of total GCC tourism, highlighting growing cultural integration and regional mobility. 

The findings appear in a report titled “GCC Tourism: Intra-Gulf Integration,” released to coincide with World Tourism Day on Sept. 27. The report underscores tourism’s expanding role as a driver of economic growth, employment, and cultural exchange, while supporting environmental sustainability initiatives across the Gulf. 

Saudi Arabia continued to set the pace for regional tourism expansion. In 2024, the country welcomed a record 30 million international visitors, up 8 percent from 2023, generating SR284 billion ($75.7 billion) in tourism spending, an 11 percent increase year on year. Total domestic and international tourists reached approximately 116 million, rising 6 percent over the previous year. 

Saudi Arabia’s rapid growth extends into 2025. According to the UN World Tourism Organization’s World Tourism Barometer, the Kingdom posted the highest global increase in international tourist revenue during the first quarter of 2025, with arrivals up 102 percent compared with the same period in 2019. 

Madinah, the Kingdom’s spiritual and cultural heart, has been named among the world’s top 100 tourist destinations by Euromonitor International, ranking first in Saudi Arabia, fifth in the Gulf, and sixth in the Arab world — a recognition of continued investment in visitor experiences and tourism development.

Key attractions include the Museum of the Architecture of the Prophet’s Mosque, the Safiyya Museum, and a growing portfolio of entertainment and cultural projects. 

GCC-Stat projects that tourism’s contribution to the GCC’s GDP could reach $371.2 billion, or 13.3 percent of GDP, by 2034. Employment in the sector is also expected to expand, generating an estimated 1.3 million new jobs, with women representing an increasing share of the workforce. 

The report highlights the sector’s broader economic and social impact, including fostering regional integration, supporting indirect industries such as transportation and infrastructure, and advancing environmental stewardship through protected areas covering nearly 19 percent of the region’s landmass. 


Saudi Arabia’s NDF unveils strategic partners for MOMENTUM 2025 conference 

Updated 07 December 2025
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Saudi Arabia’s NDF unveils strategic partners for MOMENTUM 2025 conference 

RIYADH: Saudi Arabia’s National Development Fund has unveiled the lineup of strategic partners for the Development Finance Conference MOMENTUM 2025, as the Kingdom accelerates efforts to build a more integrated development-finance ecosystem.  

The conference, scheduled for Dec. 9–11 at the King Abdulaziz International Conference Center in Riyadh, will bring together policymakers, lenders and global development institutions as the Kingdom seeks to expand financing channels for key sectors. 

Saudi National Bank and Arab National Bank are named Main Partners, while Riyad Bank will serve as Banking Partner, NDF said in a press release.  

Bank AlJazira and Saudi Awwal Bank join as Enabling Partners, and public-sector participants include Invest Saudi, the Made in Saudi Program, and the Saudi Conventions and Exhibitions General Authority. 

Riyadh Municipality also joins the list as the host city partner, while Saudi Post is the logistics partner for the conference. 

“Collectively, these partnerships advance the conference’s vision of fostering collaboration among public and private sectors, contributing to Saudi Vision 2030 objectives,” the release said. 

Organized by NDF, this year’s conference is convened under the theme “Leading Development Transformation.” 

MOMENTUM 2025 reflects the NDF’s central role as a principal enabler of development in the Kingdom and as a strategic driver of the national development finance system through its 12 affiliated development funds and banks.  

“Through this conference, NDF aims to align efforts, amplify impact, enhance coordination and integration, and build meaningful partnerships with leaders across the public and private sectors. Together, these efforts are intended to ensure sustainable growth and empower strategic sectors to deliver on national and global development goals,” the release added.  

The program will feature more than 100 speakers from over 120 local and international entities, further underscoring the conference’s role as a national forum supporting the leadership’s vision of building a dynamic financing ecosystem that empowers key sectors. 

Several princes, ministers, senior officials, CEOs, global leaders, development experts, and economists are scheduled to attend the conference. 

The event will spotlight the contribution of the private sector and small and medium-sized enterprises in elevating the Kingdom’s economic growth, generating jobs, and boosting competitiveness.