Qatar Achieves Record Tourism Revenues, Welcomes 5 Million Visitors in 2024

Qatar’s tourist destinations experienced a 38% increase in total expenditure compared to the previous year. (QNA)
Qatar’s tourist destinations experienced a 38% increase in total expenditure compared to the previous year. (QNA)
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Qatar Achieves Record Tourism Revenues, Welcomes 5 Million Visitors in 2024

Qatar’s tourist destinations experienced a 38% increase in total expenditure compared to the previous year. (QNA)
Qatar’s tourist destinations experienced a 38% increase in total expenditure compared to the previous year. (QNA)

Recent data from Qatar Tourism reveals that the country achieved record-breaking figures in its tourism sector in 2024, with total tourism revenues reaching QAR 40 billion ($10.7 billion). Visitor numbers soared to nearly 5 million, reflecting a 25% increase compared to 2023.

The data shows that Qatar’s tourism industry experienced a 38% rise in total spending compared to the previous year. Meanwhile, the hospitality sector marked a historic achievement by recording 10 million hotel nights for the first time ever, with projections of an additional 35,000 nights by year-end.

Qatar Tourism also noted its organization of over 100 business events, 120 entertainment activities, and 80 sports events in 2024. Key highlights included hosting the AFC Asian Cup, the Qatar Grand Prix for Formula 1, and a thriving 2024–2025 cruise season, all of which drew substantial visitor interest.

GCC nationals accounted for 41% of the total visitors, with the remaining visitors coming from a variety of international markets. Saudi Arabia topped the list of source countries, followed by India, the United Kingdom, Germany, and the United States.

Regarding modes of entry, 56% of visitors arrived by air, 37% by land, and 7% by sea, highlighting ongoing enhancements in access and connectivity.

Saad Al-Kharji, Chairman of Qatar Tourism and Visit Qatar, stated that exceeding the milestone of 5 million visitors underscores the success of the country’s tourism strategy.

“This 25% annual growth reflects our dedication to advancing the tourism sector and achieving our ambitious targets of doubling visitor numbers and increasing tourism’s contribution to GDP by 2030,” he said.

Eng. Abdulaziz Ali Al-Mawlawi, CEO of Visit Qatar, attributed these achievements to the collaborative efforts of all stakeholders.

“We have cemented Qatar’s position as a global leader through hosting major international events and launching innovative initiatives. We look forward to a promising future for our tourism sector,” he said.



Saudi PIF Completes $7 bln Inaugural Murabaha Credit Facility

The Public Investment Fund (PIF) logo
The Public Investment Fund (PIF) logo
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Saudi PIF Completes $7 bln Inaugural Murabaha Credit Facility

The Public Investment Fund (PIF) logo
The Public Investment Fund (PIF) logo

Saudi Arabia's Public Investment Fund (PIF) completed on Monday a $7 billion inaugural murabaha credit facility.
In a statement, PIF said the credit facility is supported by a syndicate of 20 international and regional financial institutions.
PIF head of the Global Capital Finance Division and head of Investment Strategy and Economic Insights Division Fahad AlSaif said: “This inaugural murabaha credit facility demonstrates the flexibility and depth of PIF’s financing strategy and use of diversified funding sources, as we continue to drive transformative investments, globally and in Saudi Arabia”, the Saudi Press Agency reported on Monday.
This financing complements PIF’s successful sukuk issuances over the past two years, the statement added. It also underpins PIF’s strong financial position, as well as its best-practice approach to debt financing.
PIF is rated Aa3 by Moody’s with stable outlook and A+ by Fitch with stable outlook. PIF has four main sources of funding: capital injections from government, government asset transfers, retained earnings from investments, and loans and debt instruments.