Saudi Arabia Ranks 2nd Globally as Fastest Growing Tourism Destination

 International football player Lionel Messi with his family during a vacation in Saudi Arabia (Asharq Al-Awsat)
 International football player Lionel Messi with his family during a vacation in Saudi Arabia (Asharq Al-Awsat)
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Saudi Arabia Ranks 2nd Globally as Fastest Growing Tourism Destination

 International football player Lionel Messi with his family during a vacation in Saudi Arabia (Asharq Al-Awsat)
 International football player Lionel Messi with his family during a vacation in Saudi Arabia (Asharq Al-Awsat)

A report issued by the World Tourism Organization (WTO) revealed that the number of visitors coming to the Kingdom increased by 64 percent during the first quarter of 2023, compared to the same period in 2019.

 

Experts told Asharq Al-Awsat that the Kingdom was able to place itself on the world tourism map, and is witnessing great leaps in international indicators after facilitating all procedures related to the entry of visitors through electronic visas, which contributed to doubling the number of tourists coming to the country.

 

According to the report, Saudi Arabia ranked 13th globally, advancing by 12 places on the World Tourism Organization (WTO) index, as one of the top countries receiving international tourists in 2022, compared to the 25th place in 2019.

 

The Kingdom received about 7.8 million tourists for all purposes during the first quarter of this year, which represents the highest quarterly performance in history, achieving a growth of 64 percent. Thus, the country ranked second among the fastest growing tourism destinations during this period, according to recent data received by the organization.

 

The Kingdom also advanced 16 places in the international tourism revenue index, achieving the 11th place in 2022, compared to 27th place in 2019 globally.

 

Saudi Minister of Tourism Ahmed Al-Khatib said that this achievement was an addition to the other successes of the Kingdom in various fields and as a “culmination of the directives of the wise leadership -- represented by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and His Royal Highness the Crown Prince -- to continue enhancing the Kingdom’s position on the global tourism map, and raising its contribution to the gross domestic product under the Kingdom’s Vision 2030.”

 

He added that facilitating travel visa procedures, planning promotional campaigns in the target countries, and diversifying tourism destinations in the Kingdom were among the factors behind these achievements.

 

Al-Khatib stressed that the ministry will maintain its efforts, in cooperation with all partners from the public and private sectors, in order to move forward in realizing the government’s aspirations to make the Kingdom a global tourism destination.

 

Nayef Al-Rajhi, Vice Chairman of the Board of Directors of the Chamber of Commerce in Riyadh and Chairman of the National Tourism Committee in the Federation of Saudi Chambers, told Asharq Al-Awsat that Saudi tourism was witnessing a quantum leap.

 

He added that the Kingdom’s progress in international tourism indicators reflected positively on the country and stimulated efforts to strengthen and develop the tourism sector to provide a unique experience for all visitors.

 

A bulletin issued by the Saudi Ministry of Investment indicated that spending by international tourists in the Kingdom jumped to 27 billion riyals ($7.2 billion) in the first half of 2022, following an increase in the number of visitors by a total of 46 million tourists.

 

Saudi Arabia has focused on diversifying its economy and developing new tourism activities and destinations, which represented a fundamental pillar of the country’s Vision 2030 which seeks to raise the sector’s contribution to the GDP to 10 percent and to receive 100 million visitors annually by 2030.

 

 



Saudi Giga-project Diriyah Agrees Deals Worth $1 bln with European Firms, Says CEO

Jerry Inzerillo, Group CEO of the Diriyah Gate Authority reacts during the World Economic Forum (WEF) in Riyadh, Saudi Arabia, April 28, 2024. REUTERS/Hamad I Mohammed/File Photo
Jerry Inzerillo, Group CEO of the Diriyah Gate Authority reacts during the World Economic Forum (WEF) in Riyadh, Saudi Arabia, April 28, 2024. REUTERS/Hamad I Mohammed/File Photo
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Saudi Giga-project Diriyah Agrees Deals Worth $1 bln with European Firms, Says CEO

Jerry Inzerillo, Group CEO of the Diriyah Gate Authority reacts during the World Economic Forum (WEF) in Riyadh, Saudi Arabia, April 28, 2024. REUTERS/Hamad I Mohammed/File Photo
Jerry Inzerillo, Group CEO of the Diriyah Gate Authority reacts during the World Economic Forum (WEF) in Riyadh, Saudi Arabia, April 28, 2024. REUTERS/Hamad I Mohammed/File Photo

Diriyah, one of Saudi Arabia's giga-projects, has agreed deals worth nearly $1 billion with European firms and is in talks to attract more foreign capital, its CEO said.

Diriyah, located at a UNESCO World Heritage site outside the capital Riyadh, has been backed by PIF investments worth a total of around 20 billion riyals ($5.33 billion) in 2023 and 2024, and should get 12 billion riyals more next year, its CEO said.

It has recently agreed deals worth nearly $1 billion in total with an Italian developer and a French company and is in talks with several foreign investors looking to buy equity stakes in hotels and other real estate developments, Jerry Inzerillo told Reuters in New York this week.

"There's a lot of interest from America, a lot of interest from every country," he said. "We'll work with any country that can deliver quality and stay on time."

Foreign investors have already bought stakes in several projects in Diriyah, said Inzerillo, with more to come.

"A lot of people can see that it's built, it's doable; it's no longer renderings, no longer 'you wait and see' ... So now we're seeing a big spike in interest in foreign investment".

Inzerillo said investment priorities have changed because of upcoming events such as the Expo 2030 world fair, which Riyadh last year won the right to host. But the pace and scope of the Saudi giga-projects have not been scaled back, he said.

"It's a realignment, a re-prioritization ... not a reduction," he added.