Riyadh Season Generates Thousands of Job Opportunities, Record Revenues

 The Wonder Garden area during the 2023 Riyadh Season (Riyadh Season Media Center)
The Wonder Garden area during the 2023 Riyadh Season (Riyadh Season Media Center)
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Riyadh Season Generates Thousands of Job Opportunities, Record Revenues

 The Wonder Garden area during the 2023 Riyadh Season (Riyadh Season Media Center)
The Wonder Garden area during the 2023 Riyadh Season (Riyadh Season Media Center)

Less than two months have passed since the launch of the fourth edition of the Riyadh Season. The event is considered one of the basic pillars of the entertainment sector in Saudi Arabia and aims to transform the Kingdom into a world-leading tourist destination, in line with the objectives of Vision 2030.

Since the start of the first edition in 2019, direct and indirect income generated from the event has gradually increased from SAR 4 billion to around SAR 6 billion, according to previous statements by the Chairman of the Board of Directors of the General Entertainment Authority, Turki Al-Sheikh.

The revenues of this year’s edition are expected to grow in light of the new and varied events and programs.

Since the launch of the fourth edition, the number of visitors has reached more than 5 million, who came from various regions of the Kingdom and the world.

Saudi Arabia ranked first among the G20 countries, and second globally in the growth rate of the number of international tourists, achieving a growth of 50 percent in the first three quarters of 2023 compared to the same period in 2019, according to the World Tourism Report.

The Riyadh Season is expected to generate thousands of job opportunities, as it provided 187,000 direct and indirect jobs last season, and aims to provide 200,000 employments, of which 60,000 are direct.

According to the Ministry of Finance, around 12 million visitors attended the 2022 edition of the Riyadh Season, which contributed to the creation of approximately 25,000 direct jobs and maximizing the entertainment impact on the Kingdom’s residents and visitors.

The figures provided by the Entertainment Portal - which provides licenses for activities and services affiliated with the General Entertainment Authority and aims to develop and regulate the entertainment sector in the Kingdom - reflect the growing importance of this vital sector.

Around 495 licenses were issued in November, while the total number since the launch of the portal in 2020 exceeded 15,000 licenses, for more than 4,500 establishments working to implement entertainment activities in various fields related to the sector.

Experts told Asharq Al-Awsat that the Riyadh Season contributed greatly to the promotion of tourism and the strengthening of the Saudi economy.

The Chairman of the Board of Directors of Al Hokair Group, Majed Al Hokair, told Asharq Al-Awsat that the Riyadh Season was one of the pillars of tourism and economy in Saudi Arabia, adding: “The season has become not only about entertainment activities, but rather it is moving towards an actual, professional, model industry.”

The founder and partner of Al Sarh Tourism Company, Muhaidib Al Muhaidib, explained that the Riyadh Season helps the tourism sector achieve the goals of Vision 2030.

He noted that the Kingdom has made amendments to the visit visa regulations for the purpose of tourism, in addition to facilitating the procedures for the arrival of pilgrims from abroad. In August, the country also allowed the access to electronic visas to eight new countries, expanding the scope of the visa to 57 countries around the world.



Madinah Sees Tourism Surge Ahead of Ramadan, Spending Tops $13.9 Billion

A cluster of buildings and hotels surrounding the Prophet’s Mosque (SPA). 
A cluster of buildings and hotels surrounding the Prophet’s Mosque (SPA). 
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Madinah Sees Tourism Surge Ahead of Ramadan, Spending Tops $13.9 Billion

A cluster of buildings and hotels surrounding the Prophet’s Mosque (SPA). 
A cluster of buildings and hotels surrounding the Prophet’s Mosque (SPA). 

Saudi Arabia’s Minister of Tourism, Ahmed Al-Khateeb, has toured hospitality facilities and visitor services in Madinah as part of the “Spirit of Ramadan” inspection tour, which also included Jeddah and Makkah.

New data show visitor numbers exceeded 21 million over the past year, a 12 percent increase from 2024, while total tourism spending reached SAR 52 billion (about $13.9 billion), up 22 percent.

The visit focused on assessing the sector’s readiness for the Ramadan season, evaluating service quality, and supporting ongoing and upcoming tourism projects.

Madinah posted strong tourism performance in 2025, driven by higher visitor inflows and expanded hospitality capacity, reinforcing its position as a leading religious destination within Saudi Arabia’s tourism landscape.

Demand growth has been matched by a sharp rise in supply. Licensed hospitality facilities increased to 610, up 35 percent, while the number of licensed rooms surpassed 76,000, a 24 percent gain, strengthening the city’s ability to accommodate during peak seasons such as Ramadan and Hajj.

Travel and tourism offices also grew to more than 240, reflecting a 29 percent expansion in supporting services.

Al-Khateeb said the entry of international hospitality brands and new projects over the past five years underscores both sectoral growth and rising investor confidence in the Kingdom’s tourism ecosystem.

“The landscape today is different. The sector is growing steadily, supported by a system that empowers investors and facilitates their journey, with a promising future ahead,” he said.

To expand hotel capacity, the minister inaugurated the Radisson Hotel Madinah, a project worth more than SAR 39 million (around $10 million) and financed by the Tourism Development Fund.

The 2025 performance signals a shift from traditional seasonal growth toward more sustainable expansion built on diversified offerings, improved service quality, and a stronger contribution to the local economy.

 

 

 

 

 

 


Airbus Planning Record Commercial Aircraft Deliveries in 2026

An Airbus A350-1000 at the Singapore Airshow on February 4. The company said Thursday it aims to deliver a record number of aircraft this year. Roslan RAHMAN / AFP/File
An Airbus A350-1000 at the Singapore Airshow on February 4. The company said Thursday it aims to deliver a record number of aircraft this year. Roslan RAHMAN / AFP/File
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Airbus Planning Record Commercial Aircraft Deliveries in 2026

An Airbus A350-1000 at the Singapore Airshow on February 4. The company said Thursday it aims to deliver a record number of aircraft this year. Roslan RAHMAN / AFP/File
An Airbus A350-1000 at the Singapore Airshow on February 4. The company said Thursday it aims to deliver a record number of aircraft this year. Roslan RAHMAN / AFP/File

Plane maker Airbus aims to deliver a record number of commercial aircraft this year, the company said Thursday, capitalizing on "strong demand" and a jump in profit in 2025.

"2025 was a landmark year, characterized by very strong demand for our products and services across all businesses," CEO Guillaume Faury said in a press release announcing annual results.

The European manufacturer said it received 1,000 orders for commercial planes in 2025, with net orders of 889 after taking cancellations into account, and 793 delivered.

Last year, its overall profit jumped 23 percent to 5.2 billion euros ($6.1 billion).

The company said it is targeting "around 870 commercial aircraft deliveries" this year.

"As the basis for its 2026 guidance, the Company assumes no additional disruptions to global trade or the world economy, air traffic, the supply chain, its internal operations, and its ability to deliver products and services," it said in its outlook.

Both Airbus and its rival Boeing have struggled to return to pre-pandemic production levels after their entire network of suppliers was disrupted, even as airlines are eager to modernize their fleets with more fuel-efficient aircraft and expand to meet an expected increase in passenger numbers over the coming decades.


Saudi Arabia's Humain Invests $3 Bn in Musk's xAI

The logo of the Saudi company Humain. Asharq Al-Awsat
The logo of the Saudi company Humain. Asharq Al-Awsat
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Saudi Arabia's Humain Invests $3 Bn in Musk's xAI

The logo of the Saudi company Humain. Asharq Al-Awsat
The logo of the Saudi company Humain. Asharq Al-Awsat

Saudi Arabia's artificial intelligence firm Humain said Wednesday it had invested $3 billion in US billionaire Elon Musk's xAI.

The investment made Humain a "significant minority shareholder,” the company said in a statement.

It added that its xAI holdings would be "converted into SpaceX shares" after the rocket company announced it was taking over the AI start-up earlier this month as Musk pushes to unify his many business interests.

CEO Tareq Amin said the latest investment “reflects Humain’s conviction in transformational AI and our ability to deploy meaningful capital behind exceptional opportunities where long-term vision, technical excellence, and execution converge, xAI’s trajectory, further strengthened by its acquisition by SpaceX, one of the largest technology mergers on record, represents the kind of high-impact platform we seek to support with significant capital.”

Musk's xAI had previously announced in November it was teaming up with Humain to build a 500-megawatt data center in Saudi Arabia.

The Saudi firm also inked a new deal with Nvidia.