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New unified Gulf tourism visa to bolster Saudi economy

RIYADH: In November 2023 the Gulf Cooperation Council approved a landmark unified tourist visa set to launch between 2024 and 2025.  Similar to the Schengen scheme, the permit will enable tourists to travel across all six GCC member states: Oman, Bahrain, Kuwait, Qatar, Saudi Arabia and the UAE. The new visa was announced by Jassim Mohammed Al-Budaiwi, GCC secretary-general, on.

World Bank Forecasts 3 6% Growth in GCC in 2024

The Gulf Cooperation Council (GCC) region is estimated to grow by 1% in 2023 before picking up again to 3.6 and 3.7 % in 2024 and 2025, respectively, according to the recently published World Bank Gulf Economic Update (GEU) report. “The diversification efforts in the GCC region are paying off but more reforms are still needed,” said the report.

Omani economy to strengthen over medium-term: WB

Omani economy to strengthen over medium-term: WB
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