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Gulf to attract $27.66B in tourism, digital funds by 2030

Gulf to attract $27.66B in tourism, digital funds by 2030

The upcoming Global Investment Summit in Paris projects that investments in the tourism and digital infrastructure sectors across the Gulf countries will reach $27.66 billion by 2030, representing an increase of $11.81 billion and a growth rate of nearly 75% compared to 2023. Tourism investments are expected to rise from $6.4 billion to $9.3 billion, demonstrating over 45% growth driven by expanded development of tourist destinations and increased events and exhibitions. Similarly, digital infrastructure investments are anticipated to double from $9.45 billion to $18.36 billion, marking an increase of over 94%, to bolster digital infrastructure, AI applications, and digital transformation across various sectors, supporting growth and sustainability. The investment focus centers on promoting advanced technologies and adopting environmental and governance standards, with European investment flows projected at $28.59 billion, alongside strategic partnerships and alliances to enhance tourism and digital infrastructure projects through 2030.

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