Saudi Arabia recorded a 5.83 per cent enhance within the entry of Gulf Cooperation Council (GCC) residents in 2024, with complete arrivals reaching roughly 8.8m, in response to new official information from the Basic Authority for Statistics (GASTAT).
The determine matched the full variety of departures, reflecting continued mobility inside the area.
The newest 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 indications spotlight strengthening cross-border motion, funding entry and participation in public providers throughout the Kingdom.
In accordance with the info, a complete of 988 GCC college students had been enrolled in public greater training establishments in Saudi Arabia in 2024.
Enrolment in public common training reached 5,036, underscoring the lively 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, providers, capital and labour amongst GCC states. This aligns with the bloc’s long-term aims to deepen financial, social and legislative integration.
GASTAT famous that the symptoms had been based mostly on administrative information from nationwide entities together with the ministries of training, well being, justice, and human assets and social growth, 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.
