Pilgrimage boosts Saudi growth; blockchain reshapes finance, SGIE report out tomorrow

Pulse of the Global Islamic Economy

Muharram 12, 1447 AH

Assalamualaikum,

When Saudi Arabia launched its Vision 2030 plan in 2016, tourism was positioned as a key pillar of economic diversification, with religious travel viewed as the kingdom’s most scalable and dependable asset. Nearly a decade later, the results are surpassing initial targets. Read our lead story to find out how.

On the technology front, blockchain holds the potential to become a tool that can regain trust and decentralize power across the financial space.

And finally, just one day to go for the global launch event of the 11th edition of the State of the Global Islamic Economy (SGIE) Report 2024/25. Register now to follow the event live from Jakarta, Indonesia via Zoom on the 8th of July, 2025.

Global Launch: 11th edition of the State of the Global Islamic Economy (SGIE) Report 2024/25

You're invited to the Global Launch of the SGIE 2024/25 Report - live from Jakarta with worldwide access via Zoom, on July 8th, 2025.

Why attend?

  • Stay ahead of key trends shaping the Islamic Economy

  • Gain actionable insights to drive growth

  • Hear directly from global industry leaders

  • Be among the first to explore this year’s findings

Event Details:
Date: Tuesday, July 8, 2025
Time: 09:30 AM Jakarta

Did you know?

Despite considerable challenges, including friction between visitors and residents, global disruptions, and environmental pressure, travel and tourism remains a dependable engine of growth, projected to contribute $16 trillion to global GDP by 2034.     

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