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Economy Middle East Summit
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GDP
Hospitality & Tourism
Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Deals were signed during PIF Private Sector Forum
Hospitality & Tourism
Dubai welcomed 17.15 million international tourists in 2023, a surge of 19.4 percent
Further consolidating status as one of the top three global cities for business and leisure
Economy
Saudi Arabia maintains A++ rating with stable outlook: Fitch
Classification reflects Kingdom's robust external financial strength
Industry
Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030
New company to help turn Kingdom into electronics, advanced industries hub
Banking & Finance
GCC banks to prove resilient in 2024 amid geo-economic challenges: S&P Global
Robust capitalization and profitability to uphold GCC banks, despite emerging risks
Economy
Saudi Arabia’s non-oil sector grew 4.6 percent in 2023
Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP
Economy
New economic licenses in Abu Dhabi attracted over $57.3 billion in capital investments in 2023
A total of 25,647 new economic licenses were issued in 2023
Saudi Arabia
Saudi Arabia’s National Biotechnology Strategy launched with a projected cumulative GDP impact of $34.66 bn
Strategy seeks to localize vaccine manufacturing, protect the environment
Hospitality & Tourism
Saudi Arabia aims for 150 million visitors by 2030, eyes $200 billion boost to economy
Tourism sector's contribution to the GDP increased by 4.5 percent year-on-year
Economy
Inflation in Kuwait reaches 3.37 percent in December 2023
The Consumer Price Index in Kuwait rose by 3.37 percent
Hospitality & Tourism
Saudi Arabia’s tourism soars: UNWTO reports 156 percent recovery in tourist arrivals during 2023
Only Middle East region surpassed 2019 tourism levels with impressive growth
Economy
Dubai maintains economic momentum with 3.3 percent GDP growth in first 9 months of 2023
Dubai Economic Agenda D33 driving the city towards global prominence
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