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)
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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.



Saudi Economic and Development Affairs Council Discusses Report on Performance of State Budget

File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
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Saudi Economic and Development Affairs Council Discusses Report on Performance of State Budget

File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat

Saudi Arabia’s Economic and Development Affairs Council has held a meeting via videoconference, discussing several issues, including the performance of the state budget, the Saudi Press Agency reported Saturday.
At the beginning, the council reviewed the quarterly economic report of the Ministry of Economy and Planning, which includes an analysis of key global economic developments, and the national economic progress. The Kingdom saw positive economic growth of 2.8% in the third quarter, SPA said.
The report addresses future national economic forecasts issued by relevant government entities, international funds, and agencies, as well as proposed insights and recommendations to address global economic challenges.
The council also reviewed the third-quarter report submitted by the Ministry of Finance, on the performance of the state budget for fiscal year 2024. The report includes a detailed overview of financial performance up to the end of the third quarter, covering revenue, expenditure, and public debt indicators.
It highlighted results reaffirming the Kingdom's continued support for development projects, strengthening social care and protection systems, and advancing the implementation of major projects and programs under Saudi Vision 2030.
This underscores the effectiveness of structural economic reforms, efforts in economic diversification, and the systematic approach aligned with the Saudi Vision 2030.
The council also reviewed the report of Ministry of Commerce presentation, regarding the report of Standing Committee for Price Monitoring for the third quarter of 2024.
The report addresses the roles of the entities participating in the committee, key insights during the specified period, global price trends, an overview of consumption patterns, price and inflation indicators in the Kingdom, and details regarding consumer goods prices in the third quarter. Moreover, it outlines the measures taken to ensure the availability of goods and strengthen stockpiles to maintain price stability.
The council made the necessary decisions and recommendations.