14 Hrs
Source:
الاقتصادية
Gulf 27 Increases Sales by 50 Percent
Coverage of the Gulf 27 Championship in Jeddah has shown that the event is beginning to go beyond the stadiums to have tangible economic impacts. Commercial shops in the historic district of Jeddah experienced an increase in sales ranging from 20% to 50%, as crowds visited markets and old souks such as Al-Oloui and Al-Khassaqiya to buy gifts, clothing, perfumes, souvenirs, and memorabilia. Additionally, spending on restaurants and cafes contributed to the overall economic activity. The accompanying events and the extended duration of visitors' stay in the area helped boost expenditures and stimulate commercial movement, with fans from Gulf countries like Bahrain, Oman, and Qatar actively purchasing gifts and souvenirs. Data confirms that shop rents reach up to 100,000 riyals, and many shops saw their sales double during the tournament, reflecting the direct economic impact of this tourism and sports event on the historic district of Jeddah.
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