GCC tourism could take $32bn hit from Iran conflict
Tourism revenues losses in the GCC resulting from the US-Israel war against Iran could range between $13 and $22 billion, the GCC secretary-general has said.
Tourist figures are expected to plunge between 8 and 19 million due to military escalation in the region, state news agency WAM quoted Jasem Albudaiwi as saying.
Speaking at an extraordinary meeting of the committee of the GCC Ministers of Tourism held on Tuesday, Albudaiwi said that the challenges facing Gulf nations are no longer “a passing circumstance” but rather a true test of the GCC’s ability to ensure continued efficiency and stability of its sectors.
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