Saudi Arabia Received Record 100 million Tourists in 2023

A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saud National Day. (SPA file photo)
A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saud National Day. (SPA file photo)
TT
20

Saudi Arabia Received Record 100 million Tourists in 2023

A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saud National Day. (SPA file photo)
A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saud National Day. (SPA file photo)

Saudi Minister of Tourism Ahmed bin Aqeel Al-Khateeb said the tourism sector in the Kingdom achieved its goal of hosting 100 million tourists in 2023.

Of that figure, 77 million were domestic tourists and 27 million were international tourists. They collectively spent SAR100 billion.

He made the announcement during his participation at a ministerial panel, "The Importance of the Private Sector in Achieving Vision 2030", at the second edition of the Public Investment Fund (PIF) and Private Sector Forum.

Al-Khateeb emphasized that the new strategy of Prince Mohammed bin Salman, Crown Prince and Prime Minister, aims to attract 150 million tourists, some 80 million domestic and 70 million from abroad, by 2030.

He said the Kingdom has committed to funding training programs, adding that more than 100,000 young men and women were trained last year. Of these, 15,000 trained in the best institutes in the world to join the tourism sector.

He also highlighted the role played by the Human Resources Development Fund in increasing salaries.

Al-Khateeb emphasized the ongoing effort to boost legislation and encourage investment, highlighting the establishment of the Tourism Development Fund, which has funded over 50 projects totaling SAR35 billion.



Indonesia, Qatar to Create $4 Bln Joint Fund Investing in Indonesia 

A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 
A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 
TT
20

Indonesia, Qatar to Create $4 Bln Joint Fund Investing in Indonesia 

A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 
A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 

Sovereign wealth fund Danantara Indonesia said it will form a $4 billion joint fund with the Qatar Investment Authority that will focus on investment in Southeast Asia's largest economy.

The fund will focus on projects in downstream industries, or industries that process Indonesian commodities, as well as renewables and health facilities and other relevant sectors, such as technology, Danantara said in a statement on Tuesday.

Indonesia and Qatar will each commit $2 billion to the fund, it said.