Saudi Tourism Forum Launches its Second Edition

The opening session of the Saudi Tourism Forum (Asharq Al-Awsat)
The opening session of the Saudi Tourism Forum (Asharq Al-Awsat)
TT

Saudi Tourism Forum Launches its Second Edition

The opening session of the Saudi Tourism Forum (Asharq Al-Awsat)
The opening session of the Saudi Tourism Forum (Asharq Al-Awsat)

The second edition of the Saudi Tourism Forum (STF) began Monday under the auspices of Visit Saudi at the Riyadh International Convention and Exhibition between Jan. 22 and 24.

The Saudi Tourism Ministry hosts the Forum with the Saudi Tourism Authority, Tourism Development Fund, and the Red Sea Authority. It brings together STA representatives with more than 100 other representatives of top destinations, airlines, hotels, travel and tourism companies, and tour operators.

The Forum, organized by 4M Events, aims to enrich the tourism sector, exchange experiences and ideas, and strengthen the partnership between the government and private sectors.

It seeks to provide investment opportunities for companies and investors in the sector and consolidate Saudi Arabia's position as a global tourist destination.

It also presents key projects in the field and discusses events and the industry's future.

CEO and member of STA Board of Directors Fahd Hamidaddin revealed the achievements of the tourism sector by the end of September 2023.

Hamidaddin said that by the end of September 2023, spending from domestic tourism increased to $23 billion, and about $27 billion was spent on inbound tourism.

He added that the new airline seats in 2023 reached 10 million after Wizz Air launched 21 new routes, contributing to 253,000 visits annually and spending $506 million.

Tourism products increased from 200 to 1,500 in 2023 in response to the target groups' increasing demand and diverse requirements.

The official also indicated that 17 travel agencies were added in 2023, adding approximately two million trips annually.

Regarding developing the tourist experience, Hamidaddin explained that more than 70 improvements have been made in the visitor experience through coordination with public and private partners of Visit Saudi.

The new improvements include providing information signs in the Chinese language at airports, meeting some special requirements for travelers from India and China, and ensuring that hotels are prepared for some special requirements for the winter and summer seasons.

The Authority now provides services in 12 languages through more than 18 channels, such as WeChat and applications used in China.

It also allocated 45 phone numbers to help visitors and a special contact number for partners, which has processed more than 57,000 calls since its launch.

Last summer, the service satisfaction rate reached 95 percent.

By Q2, Hamidaddin explained that a dedicated dashboard will be provided to businessmen through business intelligence to highlight visits and expected spending from major markets over the next three years.

He stated that Visit Saudi launched the loyalty Saudi Rewards program, which allows visitors to earn points. It focuses on events and experiences and ensures that partners receive information in a personalized manner.

The program includes 168 partnerships, more than 100,000 registered customers, and strategic partnerships, including Riyadh season.

Also, at the Forum's opening session, the chairman of the Organizing Committee, Hamza Nasser, indicated that the second edition is the result of the partnership with the Visit Saudi platform.

Nasser announced that the number of tourists increased in the Kingdom during 2023.

According to the World Tourism Organization (WTO), the number of tourists rose by 156 percent compared to 2019, and domestic tourism has achieved unprecedented numbers in recent years.



Türkiye Welcomes Removal from Key Money-laundering Watchlist

This aerial picture shows Hagia Sophia in Istanbul, Türkiye, April 25, 2020. (AFP Photo)
This aerial picture shows Hagia Sophia in Istanbul, Türkiye, April 25, 2020. (AFP Photo)
TT

Türkiye Welcomes Removal from Key Money-laundering Watchlist

This aerial picture shows Hagia Sophia in Istanbul, Türkiye, April 25, 2020. (AFP Photo)
This aerial picture shows Hagia Sophia in Istanbul, Türkiye, April 25, 2020. (AFP Photo)

Türkiye on Friday welcomed a decision by an international watchdog to remove it from a so-called “ gray list ” of countries that have not fully implemented measures to fight money laundering and terrorism financing.

The announcement by the Financial Action Task Force in Singapore could bolster foreign investments in Türkiye, which is trying to rebound from a deep economic downturn

“We succeeded,” Turkish Finance Minister Mehmet Simsek wrote on the social media platform X, as the decision was being announced.

Vice-President Cevdet Yilmaz said: “With this development, international investors’ confidence in our country’s financial system has become even stronger. The decision will have extremely positive consequences for the financial sector and the economy.”

Being on the watchdog’s gray list can scare away investors and creditors, hurting exports, output and consumption. It also can make global banks wary of doing business with a country.

FATF President T. Raja Kumar, who is finishing his two-year term, said Türkiye was taken off the gray list because of the “substantial progress” that it has made.

Kumar said a FATF team visited Türkiye in May and confirmed that the country had taken “substantive steps” to improve its anti-money laundering regime, addressing all the items in its action plan.

As examples he cited Türkiye's complex investigations into and prosecutions of money laundering and terrorist financing. Türkiye was placed on the list in 2021.

“We will with determination continue our fight against organized crime organizations, the traffickers of poison (drugs), the immigrant smuggling rings, the money-laundering criminal groups, and especially against the financing of terrorism and of those traitors,” Türkiye's Interior Minister Ali Yerlikaya wrote on X.