A resolution of the dispute between Qatar and its Gulf neighbors is expected to bolster prospects for the gas-rich nation’s non-oil economy over the medium term, according to Fitch Ratings.
“A resumption of travel links will eventually lift tourism inflows, and greater interest from regional buyers could support the real estate market, which has been in a multi-year downturn,” the ratings agency said in a note.
Read: Saudi Arabia Opens Its Borders With Qatar as Gulf Rift Eases
Saudi Arabia planned to open its land, air and sea borders with Qatar on Monday, the eve of a regional leaders’ summit in the kingdom. The step came amid efforts to resolve the dispute that’s split Qatar from its neighbors since 2017.
Fitch also said:
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