[ad_1]
RIYADH: Journey spending in Qatar surged 28 % year-on-year to 13.1 billion Qatari riyals ($3.59 billion) within the first quarter of 2023, pushed by a growth in social, cultural and different actions,
In accordance with the stability of funds knowledge issued by the Qatar Central Financial institution, Doha’s revenues from journey through the first three months of the 12 months amounted to six.8 billion riyals, up 52 % when in comparison with the corresponding interval in 2022.
Nonetheless, the spending on transportation noticed a drop of 12.3 % to 9.7 billion riyals throughout the primary quarter of 2023, towards 11 billion riyals recorded in the identical interval a 12 months in the past.
Qatar’s stability of funds knowledge additional present that the gas-rich nation made direct investments of three.4 billion riyals overseas throughout the primary quarter of 2023, reflecting a progress of 29.6 % when in contrast with the identical interval final 12 months.
With regard to direct investments in Qatar, the quantity fell 83.9 % to 717 million riyals within the first three months of 2023, towards the 4.47 billion riyals recorded in the corresponding interval a 12 months in the past.
As for exports, Qatar’s worth reached 95.8 billion through the first quarter of the 12 months, reflecting a 7 % drop compared to the identical interval a 12 months earlier.
However, the worth of imports amounted to 25.5 billion riyals within the first quarter of 2023, down 10.4 % in comparison with the primary three months of 2022.
In the meantime, the Gulf nation’s revenues from journey and transport sectors within the fourth quarter of 2022 — which was additionally the World Cup interval — amounted to an estimated 32.4 billion riyals, reflecting the very best quarterly worth ever.
“The World Cup, to us, was a bonus on prime of what we have been already doing within the cultural realm,” Sheikha Reem Al-Thani, appearing deputy CEO of exhibitions and advertising for Qatar Museums, advised Arab Information earlier this 12 months.
A lot of the nation’s tourism and cultural growth, stated Al-Thani, is a part of the Qatar Nationwide Imaginative and prescient 2030 technique, which was formalized in July 2008.
“The World Cup positively gave us a drive to maneuver sooner,” Al-Thani defined.
She added: “Nonetheless, for us, it has at all times been about sustaining and creating our cultural and inventive financial system, educating folks and actually ensuring that what we’re doing is in a really considerate and homegrown method.”
World Cup followers could have left however a large number of initiatives are underway that may increase the nation’s journey and tourism sector within the days forward.
[ad_2]
Source link
