Tourism Sector Contributes to 4.45% of Saudi Arabia's GDP

One of the tourism projects planned in AlUla, Saudi Arabia. (SPA)
One of the tourism projects planned in AlUla, Saudi Arabia. (SPA)
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Tourism Sector Contributes to 4.45% of Saudi Arabia's GDP

One of the tourism projects planned in AlUla, Saudi Arabia. (SPA)
One of the tourism projects planned in AlUla, Saudi Arabia. (SPA)

Saudi Minister of Tourism Ahmed al-Khateeb announced that the tourism sector's contribution to Saudi Arabia's gross domestic product (GDP) reached 4.45 percent, noting that the Kingdom will invest over $800 billion in the upcoming ten years.

Speaking at the 10th Arab-China Business Conference in Riyadh on Sunday, Khateeb added that this percentage is set to continue increasing until it reaches the global level of ten percent.

He confirmed that his ministry had devised development plans for the travel and tourism sector, representing three percent of the labor market.

He stated that tourists from over 49 countries can now obtain e-visas electronically since the launch of tourism initiatives.

Any traveler with a Schengen or European visa can enter the Kingdom through various communication channels and easy online applications.

The Saudi tourism sector is one of the principal axes of Vision 2030, said the Minister, indicating that the Middle East is recovering the fastest from the pandemic among the five central regions, contributing to the growth of global travel and tourism.

Moreover, Khateeb said the tourism sector has provided job opportunities, promoted sustainable and social development, and strengthened international and local cooperation.



Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
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Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met in Riyadh with Italian Minister of Environment and Energy Security Gilberto Pichetto Fratin to explore avenues for cooperation across various energy sectors.

The two sides signed on Tuesday a memorandum of understanding (MoU) to strengthen collaboration between Saudi Arabia and Italy, serving their shared interests.

The MoU focuses on key areas such as energy transitions and security, renewable energy, electricity interconnection, energy efficiency, geothermal energy, methane emissions reduction, advancing energy storage solutions, petroleum, natural gas, and conventional and transitional fuels.

It also addresses enhancing the stability and reliability of petroleum and natural-gas markets, reducing market volatility, and improving energy supply security and supply chains.
The agreement highlights innovation and technology, such as hydrogen project development, climate-change mitigation solutions, the circular carbon economy, and carbon capture, utilization, and storage. Additionally, it emphasizes digital transformation, cybersecurity, and artificial intelligence in the energy sector while fostering joint initiatives to support engineering and construction projects in energy. These efforts align with the Paris Agreement and the 2030 Agenda for Sustainable Development.