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Home News Business

Saudi Arabia’s nominal gross fixed capital formation hits $84.7bn in Q1

Press Room by Press Room
June 10, 2024
in Business
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RIYADH: Saudi Arabia’s travel and tourism sector expanded by over 32 percent in 2023, contributing a record SR444.3 billion ($118.4 billion) to the nation’s gross domestic product, a new report revealed. 

The World Travel and Tourism Council’s 2024 Economic Impact Research highlighted unprecedented achievements in the Kingdom’s GDP contribution, employment, and visitor spending. 

The Kingdom welcomed 100 million tourists in…



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