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Saudi Arabia is investing US$800bn in tourism and looking to attract 100 million local and international tourists by 2030, according to Minister of Tourism Ahmed bin Aqeel Al Khateeb.
Tom Anstey | Planet Attractions | 27 Oct 2023
Saudi Arabia is investing US$800bn in tourism and looking to attract 100 million local and international tourists by 2030, according to Minister of Tourism Ahmed bin Aqeel Al Khateeb.
During a session entitled “What Is the Vision for High-Growth Industry?” within the Future Investment Initiative (FII), Al Khateeb said that work is underway to raise the contribution of the travel and tourism sector to gross domestic product (GDP) from 3% in 2019 to 10% by 2030 and to reach 100 million local and international tourists.
He pointed out that Saudi Arabia is investing more than US$800bn in the tourism sector, through projects such as the Red Sea project, the Diriyah and Qiddiya projects, and other private projects in various regions of the Kingdom that contribute to the advancement of the tourism sector.
He added that... More from Arabian Business
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