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Wealthy individuals remaining in the Middle East will have to look elsewhere for their next sports car, after Italian luxury brand Ferrari announced it would suspend deliveries to the region due to the war with Iran.
"We are closely monitoring developments in the Middle East and the potential implications for our business. At this stage, we have temporarily suspended shipments to the area, while we are managing some shipments by air," the company said in a statement to Reuters.
The famous Ferrari World theme park, in Abu Dhabi, remains open despite a ban on vehicle deliveries.
The widening war in the Middle East has had a severe negative impact on tourism in Gulf states such as the United Arab Emirates, Qatar, Saudi Arabia and others. Major airports such as Dubai International, Hamad in Doha and Zayed in Abu Dhabi have been partially closed or have seen massive flight disruptions, leaving hundreds of thousands of tourists stranded and causing major cancellations of bookings.
The perception of security and stability, the mainstay of luxury and high-end tourism in these countries, has been seriously damaged, with forecasts from agencies such as Tourism Economics and Oxford Economics speaking of a decline in international visitors of 11% to 27% during 2026, and financial losses that could reach up to $56 billion from tourism spending alone.
This comes after a record boom in 2025, where the region attracted around 100 million visitors, making the current crisis a severe blow to economies that had invested billions in diversifying away from oil through tourism.
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