Arab Press

بالشعب و للشعب
Friday, Mar 24, 2023

Saudi Arabia records 93.5 million tourists and total spending of SR185 billion in 2022

Saudi Arabia records 93.5 million tourists and total spending of SR185 billion in 2022

Minister of Tourism Ahmed Al-Khateeb said that Saudi Arabia’s total foreign and domestic tourists accounted for 93.5 million during the year 2022.
Total tourism spending amounted to SR185 billion during the year and this figure marks an increase of 93 percent as compared to the previous year, the minister said while addressing Al-Ahsa Economic Forum on Wednesday.

Al-Khateeb highlighted the great successes achieved by the tourism system in the Kingdom, thanks to the ministry’s empowerment of investors in the tourism sector, which achieved a qualitative leap during the year 2022.

“There has been an increase of 21 percent in the rate of domestic tourists reaching 77 million in 2022 compared with the previous year while the number of foreign tourists stood at 16.5 million during the year. The direct participation of the tourism sector in the GDP reached 3.2 percent,” he said.

Al-Khateeb said the ministry is determined to make a major transformation in the tourism sector and is keen to make the tourism sector one of the fastest-growing and most sustainable economic activities.

Referring to the remarkable growth in the hospitality sector, he said: “There are more than 400,000 hotel rooms today, and we expect to add 854,000 new hotel rooms by 2030, of which 70 percent will be funded by the private sector. The Kingdom has also witnessed investments in international hotel chains in the year 2022, which will provide 435,000 new hotel rooms by 2025, in addition to 90 hotels that were opened in the Kingdom in the first quarter of 2022.”

With regard to the measures taken to further promote the thriving tourism sector in the Al-Ahsa governorate, the minister announced the provision of 10,000 training courses for young Saudi men and women in Al-Ahsa. “The Tourism Development Fund has allocated loans worth over SR2 billion to finance 15 projects in Al-Ahsa. Indicators confirm that Al-Ahsa is one of the leading governorates that attract investors in the tourism sector,” he said.

The Al-Ahsa Economic Forum with the theme of “Al-Ahsa: The Economy of the Future” is organized by the Al-Ahsa Chamber of Commerce and Industry. Several ministers, government officials, heads of international and local companies, specialists, businessmen, and prominent investors are taking part in the two-day event.

Al-Khateeb said that the participation of the Ministry of Tourism in the forum aims to provide unprecedented investment opportunities for investors from within and outside the Kingdom. “It also enables investors by providing an attractive environment for investment. The ministry strives to benefit from Al-Ahsa governorate as a tourist destination by working to transform investment opportunities into promising projects in partnership between the government and private sectors,” he said.

Al-Khateeb said the ministry is also keen on highlighting Al-Ahsa’s position as an economic, tourist, and cultural investment destination, due to the many advantages that have made it a unique tourist destination for adventure seekers. “Al-Ahsa has exceeded the growth rates in recreational trips and spending, which created the best investment opportunities in the sector, as it received more than two million tourists, with an expenditure rate of more than SR1 billion during the last period.”

He stressed that the Ministry of Tourism is currently working on projects worth SR1.43 billion in the Al-Ahsa governorate.

“This shows the ministry’s keenness to encourage tourism investment and attract investments to the governorate by working to provide the best investment opportunities, with the participation of all government and private sectors as part of achieving the sector’s objectives within the Kingdom’s Vision 2030.

“Diverse investment opportunities in the tourism sector in Al-Ahsa will be displayed through the interactive map available on the unified platform that was recently launched by the ministry,” he added.
Newsletter

Related Articles

Arab Press
Close
0:00
0:00
Donald Trump arrested – Twitter goes wild with doctored pictures
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
If this was in Tehran, Moscow or Hong Kong
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Spain officials quit over trains that were too wide for tunnels...
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
European MP Clare Daly condemns US attack on Nord Stream
Tucker Carlson called Trump a 'demonic force'
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
Saray Street in Hatay-Antakya before and after the earthquake
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and JD.com, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
This shocking picture, showing how terrible is the results of the earthquake in Turkey
President Joe Biden delivered the 2023 State of the Union Address , in order to help Americans that missed the 2022 speech, do not have internet, and suffer from short memory.
The desk of King Carlos Alberto of Sardinia has many secret compartments
Today's news from Britain - 9th February 2023
The five largest oil companies in the West generated combined profits of nearly $200 billion in 2022, which has led to increased calls for governments to impose tougher windfall taxes
2 earthquakes in Turkey killed over 2,300 people
Powerful Earthquake Strikes Turkey and Syria, Killing More Than 1,300 People.
Turkish photographer Ugur Gallenkus portrays two different worlds within a single image. Brilliant work
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
Shell reports highest profits in 115 years
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
×