Saudi Tourism Minister: Kingdom to Provide 250,000 Jobs while Hosting Expo 2030

In a session entitled "Accelerated Progress in the Labor Market" at the Global Labor Market Conference, Al-Khateeb referred to the inauguration of the National Tourism Strategy in 2019. SPA
In a session entitled "Accelerated Progress in the Labor Market" at the Global Labor Market Conference, Al-Khateeb referred to the inauguration of the National Tourism Strategy in 2019. SPA
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Saudi Tourism Minister: Kingdom to Provide 250,000 Jobs while Hosting Expo 2030

In a session entitled "Accelerated Progress in the Labor Market" at the Global Labor Market Conference, Al-Khateeb referred to the inauguration of the National Tourism Strategy in 2019. SPA
In a session entitled "Accelerated Progress in the Labor Market" at the Global Labor Market Conference, Al-Khateeb referred to the inauguration of the National Tourism Strategy in 2019. SPA

Saudi Minister of Tourism Ahmed Al-Khateeb said Thursday the Kingdom will provide 250,000 jobs during its hosting of the Expo 2030 in Riyadh.

He stressed the importance of sustainable jobs that the Kingdom will provide, including 1,000 hotel rooms on the sidelines of the exhibition.

In a session entitled "Accelerated Progress in the Labor Market" at the Global Labor Market Conference, Al-Khateeb referred to the inauguration of the National Tourism Strategy in 2019, which will take the domestic product in this sector from 3% to 10% in 2030, which requires providing one million additional jobs by 2030.

The minister referred to the Kingdom's chairmanship of the Executive Council of the United Nations World Tourism Organization and its hosting of the forthcoming General Assembly of the council under three priorities: the sustainability of the planet and the environment; the assurance of suitable jobs for human beings, tourism growth, travel and double the number of services; and the importance of maintaining place in any tourist destination.

He explained that the world's population will reach 8.5 billion by 2030, noting that there is a digitization process for many services, including the labor market, especially in terms of trade and manufacturing that have been digitized since decades, which has had a negative impact on the labor market.

Al-Khateeb added that the travel and tourism sector represented 10% of the global labor market, and provided 330 million jobs in 2019 before the pandemic, and that airlines and hotels were the most affected sectors globally by losing 60 million jobs, saying: "We are back in the pre-pandemic according to figures by the United Nations World Tourism Organization, and the World Travel and Tourism Council, which is good."

He noted that the tourism sector globally provides 10% of jobs in the labor market, so it is an important sector for growth in the future, stressing the importance of maintaining the human component of the tourism sector as it plays an essential and central role in sharing the cultures from different countries that we travel to.



Qatar Records Budget Surplus of $713 Mln in Q2 

15 December 2022, Qatar, Doha: Three men stand in front of the skylines in Doha. (dpa)
15 December 2022, Qatar, Doha: Three men stand in front of the skylines in Doha. (dpa)
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Qatar Records Budget Surplus of $713 Mln in Q2 

15 December 2022, Qatar, Doha: Three men stand in front of the skylines in Doha. (dpa)
15 December 2022, Qatar, Doha: Three men stand in front of the skylines in Doha. (dpa)

Qatar recorded a budget surplus of 2.6 billion riyals ($713.31 million) in the second quarter of 2024, the Finance Ministry said on Wednesday, adding it would use it to reduce public debt.

The Gulf state, among the world's biggest exporters of liquefied natural gas (LNG), posted a surplus of 2 billion riyals in the first quarter.

Total revenue for the second quarter was down 12.4% compared to the prior year period, at 59.9 billion riyals, the ministry said, after weaker demand curbed international gas prices.

Spending in the quarter fell almost 2% to 57.3 billion riyals, year-on-year.

The entire surplus would go towards lowering Qatar's public debt, leaving no cash surplus, the ministry said.

Like regional peers, Qatar has accelerated efforts to diversify economic sectors and revenue streams, but remains reliant on gas revenue for government income.

In December it forecast that oil and gas revenue would fall by 14.5% in 2024 while non-oil revenue is expected to rise by about 2.4%.