Saudi Arabia plans 53 hotel developments
A plan for the private sector in Saudi Arabia aims to develop 53 hotels over ten years as part of a long-term strategy to support the growing tourism sector. The projects include hotels, apartments, and serviced villas, with substantial investments exceeding $120 billion from more than 50 global brands, and the opening of 200,000 new rooms by 2030. This is further enhanced by government measures to empower tourist destinations, including projects such as the Radisson Hotel in Riyadh, which is expected to open soon and aims to generate revenues of up to one billion riyals over the course of the contract.
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