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)
TT

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.



Italy, Albania, UAE Sign Deal for Energy Subsea Interconnection

People visit the World Future Energy Summit 2025 (WFES) in Abu Dhabi, United Arab Emirates, 14 January 2025.  EPA/ALI HAIDER
People visit the World Future Energy Summit 2025 (WFES) in Abu Dhabi, United Arab Emirates, 14 January 2025. EPA/ALI HAIDER
TT

Italy, Albania, UAE Sign Deal for Energy Subsea Interconnection

People visit the World Future Energy Summit 2025 (WFES) in Abu Dhabi, United Arab Emirates, 14 January 2025.  EPA/ALI HAIDER
People visit the World Future Energy Summit 2025 (WFES) in Abu Dhabi, United Arab Emirates, 14 January 2025. EPA/ALI HAIDER

Italy, Albania and the United Arab Emirates signed on Wednesday a deal worth at least 1 billion euros ($1 billion) to build a subsea interconnection for renewable energy across the Adriatic Sea.

"We strongly believe in this project involving our three governments, as well as our private sector and grid operators," Italian Prime Minister Giorgia Meloni said as she announced the deal at the World Future Energy Summit in Abu Dhabi.

The three-way partnership, which aims to produce green power in Albania and export it to Italy through underwater cables, will involve Italian grid operator Terna and UAE's National Energy Company (Taqa), Albanian Prime Minister Edi Rama said.

The Albanian premier added that the infrastructure would connect the Albanian port of Vlore to the southern Italian region of Puglia, the narrowest point between the two countries, and was expected to be operational within a maximum of three years.