GDP at 9.8 billion rials in Q2

Reports indicate that the GDP of the Sultanate reached approximately 12.9 billion riyals by the end of the second quarter, marking an increase of 25.6%. It is also expected that tourism will contribute around $365.7 billion to the Gulf region's output by 2035. Projections further suggest an acceleration in GDP growth this year, amidst the formation of two new regulatory committees and the implementation of legal measures related to an incident involving a tourist. Additionally, efforts are underway to enhance cooperation with Kazakhstan, including the Sultan's visit there. The Sultanate has also experienced a rise in interest rates and announced various health and legal measures to address economic and security challenges.