Tourism Ministry releases report at Summit
The Saudi Ministry of Tourism issued a report on global investments in the tourism sector, coinciding with its participation in the Future of Hospitality Summit in Riyadh. The report showed that more than fifty international hospitality brands have expanded in the kingdom, with investments exceeding $120 billion, and more than 200,000 new rooms are scheduled to be launched by 2030, half of which will be from the private sector. The report also highlighted the development of the investment environment, the enhancement of regulatory procedures, diversification of demand sources, infrastructure development, and programs to qualify national cadres to support the growth of the tourism sector and achieve the goals of Saudi Vision 2030.
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