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Economy and Planning Minister Hosts Reception for Participants of Saudi-Portuguese Joint Committee Meeting

The Saudi Minister of Economy and Planning hosted a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in Lisbon. SPA
The Saudi Minister of Economy and Planning hosted a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in Lisbon. SPA
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Economy and Planning Minister Hosts Reception for Participants of Saudi-Portuguese Joint Committee Meeting

The Saudi Minister of Economy and Planning hosted a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in Lisbon. SPA
The Saudi Minister of Economy and Planning hosted a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in Lisbon. SPA

The Saudi Minister of Economy and Planning, Faisal bin Fadel Al-Ibrahim, hosted on Monday a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in the Portuguese capital, Lisbon.

The minister heads the Saudi delegation participating in the sixth session of the Saudi-Portuguese Joint Committee, which aims to strengthen economic relations, explore investment opportunities between the two countries, and enhance cooperation in various fields.

The Saudi Minister also visited the Park of Nations, a neighborhood in Lisbon that was constructed for the 1998 World Expo.

Furthermore, he discussed with Executive Secretary of the Community of Portuguese Language Countries (CPLP) Zacarias da Costa promoting relations between the Kingdom and Portugal.

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Saudi Arabia Ranks 12th Globally in International Tourism Receipts

Saudi Arabia Ranks 12th Globally in International Tourism Receipts
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Saudi Arabia Ranks 12th Globally in International Tourism Receipts

Saudi Arabia Ranks 12th Globally in International Tourism Receipts

Saudi Arabia’s tourism sector continues its impressive growth, advancing 15 positions in international tourism receipts and leading the Top 50 ranking in upward movement, SPA reported.

According to the UN World Tourism Organization, Saudi Arabia ranked 12th in 2023, making a significant improvement from its 2019 ranking.
In a press release issued Friday, Saudi Arabia has led G20 countries in growth on the UN Tourism Barometer, achieving a 73% increase in international tourist arrivals and a 207% rise in international tourism receipts based on the latest data from the first seven months of 2024 compared to the same period in 2019.

These impressive gains reflect the Kingdom’s success as a leading tourism destination. The steady increase in international tourist arrivals further underscores the trust visitors place in Saudi Arabia’s rich and diverse attractions. Globally, international tourist arrivals reached 96% of pre-pandemic levels in the first seven months of 2024, totalling an estimated 790 million tourists – an 11% increase over the same period in 2023.
The release disclosed that the Middle East maintained the lead as the strongest-growing region, with international arrivals rising 26% over 2019 levels.