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flydubai signs $27m deal with Saudi ground handler tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Stocks listed in Egypt led gains in the Middle East on Sunday as they catch up with regional and global markets. The benchmark EGX 30 Index…
AlJazira Cap says Saudi tourism sector’s long-term prospects bright; upgrades Saudi Catering to ‘Overweight’
09/05/2021 Argaam Copy to clipboard
The long-term prospects for the travel and tourism sector in Saudi Arabia are bright although the sector’s recovery from the pandemic is likely to be slow, AlJazira Capital said in a new report.
However, the travel and tourism sector would take some time to return to pre-COVID-19 levels due to the spread of the second strain of the virus and the time taken to vaccinate the entire population.
Furthermore, the announcement of lifting restrictions on travel for certain citizens from May 17, 2021, and the expected opening of international borders in May 2021 will give a boost to the sector. The return of Hajj and Umrah pilgrims at full capacity is another key driver that is likely to help recovery in the sector.