The rising visitor numbers from Arab countries could help accelerate the development of the wellness, medical tourism and luxury hospitality sectors of the South Indian state of Kerala, said a senior state minister ahead of the Indo Arab Connect 2026 tourism summit in Kochi.
Arab countries secured 146 foreign maritime transport projects worth nearly $4 billion over the past 23 years, with five countries - Egypt, UAE, Oman, Saudi Arabia and Mauritania - accounting for 114 projects, according to a report by Arab Investment and Export Credit Guarantee Corp (Dhaman).
Arab economies are expected to record a growth of 3.7 percent in the coming period, driven by increased oil production and the continued recovery of non-oil sectors, said Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF).
