MUSCAT : The data also demonstrates that the growth rate of the sector’s contribution to the GCC’s GDP increased by approximately 31.9 percent compared to the figures recorded in 2019.

The Centre revealed that the sector’s contribution to the global GDP in 2024 amounted to 2.2 percent. It also pointed out that the sector’s contribution to the GCC’s GDP is expected to reach 13.3 percent in 2034, amounting to as much as RO 142.8 billion (USD 371.2 billion). The average annual growth rate of the sector’s contribution during the period from 2024 to 2034 is expected to exceed 4.2 percent.

On the other hand, statistics indicate that the average annual growth rate in the number of tourists traveling between GCC countries during the period from 2019 to 2023 reached 41.5 percent, which accounted for 26.5 percent of the total international tourists arriving in GCC countries in 2023.

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