Saudi Minister Announces $800 Billion Investment in Tourism, Aiming to Transform Global Map
Saudi Arabia's Minister of Tourism and UN Tourism Executive Council Chairman, Ahmed Al-Khateeb, announced that Saudi Arabia will invest $800 billion in tourism projects, making it the largest tourism investment in the world.
He emphasized that this investment will change the global tourism map and provide attractive opportunities for investors.
The minister made these remarks at the "Investing in Tourism: opportunities and challenges in sustainable financing" conference on the sidelines of the 50th UN Tourism Regional Commission for the Middle East in Muscat, Oman.
Saudi Arabia aims to add over 250,000 rooms to the tourism hospitality sector in the coming years, which will significantly contribute to the region's tourism industry.
Saudi Arabia is actively developing its tourism sector as part of its Vision 2030 plan, with the sector's contribution to the economy increasing from 3% to 4.5% by the end of 2020, aiming to reach 10% by 2030.
The Saudi Ministry of Tourism is focusing on qualifying national human resources and attracting young Saudis to the sector.
The ministry is also working with UN Tourism in the Middle East to develop the regional tourism industry due to its global significance.
The Middle East region has great potential to become a major tourist destination due to its natural resources and the requirements for successful investment in the tourism sector.
The countries in the region are working together to develop tourism plans and strategies to take advantage of this promising sector.
The minister made these remarks at the "Investing in Tourism: opportunities and challenges in sustainable financing" conference on the sidelines of the 50th UN Tourism Regional Commission for the Middle East in Muscat, Oman.
Saudi Arabia aims to add over 250,000 rooms to the tourism hospitality sector in the coming years, which will significantly contribute to the region's tourism industry.
Saudi Arabia is actively developing its tourism sector as part of its Vision 2030 plan, with the sector's contribution to the economy increasing from 3% to 4.5% by the end of 2020, aiming to reach 10% by 2030.
The Saudi Ministry of Tourism is focusing on qualifying national human resources and attracting young Saudis to the sector.
The ministry is also working with UN Tourism in the Middle East to develop the regional tourism industry due to its global significance.
The Middle East region has great potential to become a major tourist destination due to its natural resources and the requirements for successful investment in the tourism sector.
The countries in the region are working together to develop tourism plans and strategies to take advantage of this promising sector.
Translation:
Translated by AI