UAE's tourism output hits $58.2bln in 2019; Saudi Arabia $79.5bln

Saudi Arabia witnessed the highest output with $79.5bln last year

  
The city of At-Turaif in Saudi Arabia is recognised as one of the world’s largest mud-brick cities and was designated as a UNESCO World Heritage Site in 2010. Image used for illustrative purpose.

The city of At-Turaif in Saudi Arabia is recognised as one of the world’s largest mud-brick cities and was designated as a UNESCO World Heritage Site in 2010. Image used for illustrative purpose.

asda’a bcw handout via Thomson Reuters Zawya

UAE - Mubasher: The UAE's tourism sector output recorded around $58.2 billion (AED 213.59 billion) in 2019, according to a recent report by the Arab Monetary Fund (AMF).

Across Arab countries, the tourism sector output rose to a total of $313.6 billion last year, up 2.2% from $281.5 billion in 2018.

Saudi Arabia witnessed the highest output with $79.5 billion last year, followed by the UAE and Egypt with $58.2 billion and $48.3 billion, respectively.

In addition, the tourism sector in Saudi Arabia, the UAE, and Egypt represented around 59% or nearly $186 billion of the total output across the Arab countries in 2019.

Tourism accounts for around 30% of the world's exports of service and 45% of service exports in the developing countries, as shown by the statistics of the World Tourism Organisation (WTO).

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Business