War Disrupts Gulf Tourism and Events

The article discusses the impact of the US-Iran war on the economy, tourism, and investments in the Gulf countries. The war has caused a decline in economic activity, with tourism suffering significantly, hotel occupancy rates and the number of travelers decreasing. Additionally, the value of real estate stocks in Dubai has dropped by nearly a third, and supply chains have faced reduced demand and a logistical crisis. Plans have been launched to stimulate the tourism sector and alleviate burdens, while some countries, such as Saudi Arabia and Singapore, have moved to offer incentives to attract investments. The report warns that if the conflict persists for a long time without a clear end in sight, it will deepen the crisis, impact infrastructure and major investments, and lead to the postponement of global events such as major races, as well as a decline in economic activity in the region.

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