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Saudi Arabia recorded a 5.83 per cent enhance within the entry of Gulf Cooperation Council (GCC) residents in 2024, with whole arrivals reaching roughly 8.8m, in keeping with new official information from the Normal Authority for Statistics (GASTAT).
The determine matched the full variety of departures, reflecting continued mobility throughout the area.
The most recent findings kind a part of the 2024 Gulf Widespread Market Indicators Report, which tracks progress throughout key areas of financial and social integration amongst GCC member states.
GCC guests in Saudi Arabia
The symptoms spotlight strengthening cross-border motion, funding entry and participation in public companies throughout the Kingdom.
In line with the information, a complete of 988 GCC college students had been enrolled in public larger training establishments in Saudi Arabia in 2024.
Enrolment in public common training reached 5,036, underscoring the energetic participation of GCC residents throughout a number of ranges of the Kingdom’s training system.
The report additionally confirmed that the variety of corporations whose shares GCC residents are allowed to commerce within the Kingdom reached 247 — a determine equal to the full variety of joint-stock corporations listed on the Saudi inventory market. These corporations have a mixed capital of round SR850bn ($227bn), underlining the total openness of the Saudi inventory market to GCC traders.
The 2024 indicators emphasise the significance of facilitating the free motion of products, companies, capital and labour amongst GCC states. This aligns with the bloc’s long-term targets to deepen financial, social and legislative integration.
GASTAT famous that the symptoms had been primarily based on administrative information from nationwide entities together with the ministries of training, well being, justice, and human assets and social improvement, in addition to Saudi Tadawul Group and the Saudi Central Financial institution.
The brand new report added that information was collected and analysed utilizing rigorous methodologies to make sure reliability and to help joint financial policymaking throughout GCC nations.
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