What's Hot

    On Behalf of the Custodian of Two Holy Mosques, HRH the Crown Prince Hosts Annual Hajj Reception

    June 8, 2025

    Mamiya Diamonds shines bright in Dubai’s jewelry couture with bespoke and lab grown technology

    June 7, 2025

    Fame KingVasu Jit Kalia honoured at the Gulf Achievers Awards

    May 18, 2025
    Facebook Twitter Instagram
    The Saudi TodayThe Saudi Today
    Facebook Twitter Instagram
    SUBSCRIBE
    • Home
    • News
      • Entertainment
      • International News
      • National News
      • Real Estate
      • Business
      • Beauty & Fashion
      • Yoga
      • Astrology & Tarot
    • Events
      • Art
      • Awards
      • Conferences
      • Exhibitions
      • Music Concerts
    • Articles
    • Education
    • Health
    • Travel & Tourism
      • Airlines
      • Destinations
      • Eating Out
      • Hotels
    • Press Releases
    • Products
    • Jobs
    The Saudi TodayThe Saudi Today
    Home»Business»Saudi Arabia Welcomes International Investors to its Booming Tourism Sector
    Business

    Saudi Arabia Welcomes International Investors to its Booming Tourism Sector

    adminBy adminJune 22, 2024
    Share
    Facebook Twitter LinkedIn WhatsApp

    Tourism Minister Ahmed Al-Khateeb extended a warm welcome to international investors interested in the Kingdom’s flourishing tourism industry. During his participation at the Future Investment Initiative (FII) Institute’s Priority Rio de Janeiro Summit, Al-Khateeb highlighted the vast potential within the sector, fueled by Saudi Arabia’s ambitious Vision 2030 economic diversification plan.
    He acknowledged the challenges faced in transitioning from an oil-reliant economy but emphasized the creation of exciting opportunities with global significance.
    The minister underscored the global importance of tourism, citing a recent World Travel and Tourism Council (WTTC) report, which predicts the sector’s contribution to the global economy will reach a staggering $16 trillion by 2034, accounting for 11.4%.
    Al-Khateeb emphasized Saudi Arabia’s commitment to attracting international investors, stressing efforts to create a business-friendly environment with streamlined investment processes and reduced costs.
    The highlighted Saudi Arabia’s dedication to sustainable tourism practices. The Sustainable Tourism Global Center (STGC) spearheads efforts to achieve net-zero emissions and environmental conservation.
    Al-Khateeb expressed a keen desire to establish strong partnerships with countries worldwide, pointing to the 2022 memorandum of understanding signed with Brazil as a prime example. Praising the exceptional relations between the two nations, he welcomed the potential for a strengthened tourism partnership.
    The minister elaborated on Saudi Arabia’s efforts to enhance tourism-related infrastructure, including airport development and expansion. The air connectivity program aims to increase international air routes into the Kingdom. The implementation of electronic visas has contributed significantly, attracting over 27 million international tourists in 2023.

    SPA

    Related Posts

    DELTA Wealth Partners Launches AI-Driven “DELTA Future Fund” Under Dr. Abdalla Kablan’s Visionary Leadership

    March 18, 2025

    Celebrity Media Strategist Vasu Jit Kalia crowned as Media Mogul at Fashion Factor  

    October 27, 2024

    Fame King Vasu Jit Kalia honoured at the Gulf Achievers Awards

    October 8, 2024

    Comments are closed.

    Don't Miss
    International News

    On Behalf of the Custodian of Two Holy Mosques, HRH the Crown Prince Hosts Annual Hajj Reception

    By adminJune 8, 2025

    On behalf of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud,…

    Mamiya Diamonds shines bright in Dubai’s jewelry couture with bespoke and lab grown technology

    June 7, 2025

    Fame KingVasu Jit Kalia honoured at the Gulf Achievers Awards

    May 18, 2025

    US President arrives in Riyadh, welcomed by Saudi Crown Prince

    May 13, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Our Picks

    On Behalf of the Custodian of Two Holy Mosques, HRH the Crown Prince Hosts Annual Hajj Reception

    June 8, 2025

    Mamiya Diamonds shines bright in Dubai’s jewelry couture with bespoke and lab grown technology

    June 7, 2025

    Fame KingVasu Jit Kalia honoured at the Gulf Achievers Awards

    May 18, 2025

    US President arrives in Riyadh, welcomed by Saudi Crown Prince

    May 13, 2025
    The Saudi Today
    Facebook Twitter Instagram Pinterest
    • Home
    • About Us
    • Contact Us
    © 2025 Saudi Today

    Type above and press Enter to search. Press Esc to cancel.