Share

27 million tourists visited Saudi Arabia, spent $26.66 billion in 2023

Kingdom aims to attract 150 million domestic and 70 million international tourists
27 million tourists visited Saudi Arabia, spent $26.66 billion in 2023
Saudi tourism on the rise

Saudi Arabia’s Minister of Tourism Ahmed Al Khateeb, announced that the Kingdom successfully achieved its goal of attracting 100 million tourists in 2023. Out of this number, 77 million were domestic tourists, while 27 million came from abroad. These tourists collectively spent SAR100 billion ($26.66 billion) during their visits.

Read more: Saudi Arabia’s tourism soars: UNWTO reports 156 percent recovery in tourist arrivals during 2023

During a ministerial session at the Public Investment Fund (PIF) Private Sector Forum about the importance of the private sector in realizing Saudi Arabia’s Vision 2030, Al Khateeb outlined the country’s new strategy, aiming to attract 150 million tourists from within the Kingdom and 70 million from international destinations.

The minister highlighted the government’s commitment to training programs, which have benefited over 100,000 young men and women throughout the year. Among them, 15,000 individuals received training from top-notch institutes to enter the tourism sector. Al Khateeb also acknowledged the positive impact of the Human Resources Development Fund (HRDF) in enhancing salary levels.

Al Khateeb further discussed the continuous efforts to improve the legislative framework and stimulate investment. The establishment of the Tourism Development Fund has played a crucial role in financing more than 50 projects, amounting to SAR35 billion. As a result, investment in the tourism sector in Saudi Arabia has become highly attractive and easily accessible, positioning the country among the world’s most appealing destinations for investment.

For more news on hospitality & tourism, click here.

Disclaimer: The content of this article is intended for informational purposes only.It does not constitute advice on tax and legal matters; neither are they financial or investment recommendations. Refer to our full disclaimer policy here.