Latest news with #nationalEconomy
Zawya
03-07-2025
- Business
- Zawya
International visitors spend nearly $13.33bln in Saudi Arabia during 1Q 2025
RIYADH — Saudi Arabia has achieved record growth in spending by international visitors, reaching SR49.4 billion during the first quarter of 2025. This figure represents 9.7 percent growth compared to the same period in 2024, according to travel item data in the balance of payments for the month of May, published by the Ministry of Tourism. The Kingdom achieved a surplus in the travel item of the balance of payments estimated at SR 26.8 billion during the period, a growth rate of approximately 11.7 percent compared to the same period in 2024. The ministry explained that the significant growth in the travel surplus in the balance of payments during the first quarter of 2025 is the result of the efforts made by the ministry and other components of the Saudi tourism system to enhance the tourism sector and its contribution to the growth of the national economy. It also underscores the development witnessed by the tourism sector in the Kingdom. This growth underscores the effectiveness of the efforts exerted by the tourism system to position the sector as a global leader, through the application of best tourism development practices, the advancement of tourism services and products, and the ongoing cooperation with all government agencies to support the development of the tourism sector in the Kingdom and achieve the goals of Saudi Vision 2030. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
28-05-2025
- Business
- Zawya
Tunisia: Resumption of phosphate loading and transport from Om Larayes mine after interruption lasting over 8 years
Tunis - The Tunisian National Railway Company (SNCFT) resumed phosphate loading and transportation operations from the Om Larayes mine to the facilities of the Tunisian Chemical Group (GCT) via a train composed of 30 wagons carrying 1,448 tonnes of phosphate, after an eight-year hiatus. The SNCFT explained that the resumption of phosphate loading and transportation from the Om Larayes mine to the GCT facilities followed the completion of works, including reinforcing the track bed on Line 15 between the Tabadit and Om Larayes stations, replacing rails and sleepers on several sections of the railway, and maintaining the track switches. Additionally, the railway track was cleared along a 3 km stretch on the Tabadit/Om Larayes line, with all necessary measures taken to ensure the sustainability of this activity. In a statement issued Tuesday, the company expressed its gratitude to all parties involved for their efforts in resuming phosphate rail transport, emphasising that this sector is a vital and strategic artery that impacts not only the company's operations and revenues but also the broader national economy. © Tap 2022 Provided by SyndiGate Media Inc. (
