Hospitality & Tourism

Saudi Crown Prince establishes investment fund for Riyadh Air

New national carrier a strategic move towards Saudi Vision 2030

$1trn Saudi development pipeline reinforces Vision 2030’s ambitious goals

Creating opportunities for hospitality investment with 315,000 hotel keys

Saudi nearing $35 bn Boeing aircraft contract

Riyadh Air expected to buy 39 of the wide-body jets

Saudi seeks to attract 100 million visitors yearly by 2030

Many projects in the pipeline, including Hegra and AlUla

USD50 bn Saudi Diriyah project will be PIF’s 5th giga project

As part of the leadership’s efforts to enhance Saudi’s cultural identity

SAUDIA teams up with UK’s Newcastle football club

Team will fly on a chartered SAUDIA flight into and out of Saudi

Hospitality in Saudi maintains robust recovery in Q3

Year-round events contributed to a significant improvement in hotel demand

New destination, AMAALA, coming to life in the Kingdom

AMAALA is on track to welcome its first guests in 2024

Saudi PIF to acquire $412 mn stake in local tourism firm “Almosafer”

Almosafer aims to use the investment to fund its growth and expansion plans

flynas sees 120 percent increase in number of passengers

46% increase in aircraft fleet, 57% in number of flights comparing to 2021

Saudi to cut airport charges by 35% amid continuing privatization

Airports to be granted flexibility to reduce charges below announced caps

What was the occupancy rate for Saudi’s hotels in June?

In May, Jeddah reported its highest performance level since 2019

New mega project in Saudi to attract 25 million visitors annually

Saudi planning to develop a trillion-dollar global tourism economy

Only these residents will be able to visit Saudi without a visa

Domestic workers might be excluded form the visa-free travel scheme