Saudi Minister: Unified GCC Tourist Visa Boosts Tourism

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat
TT

Saudi Minister: Unified GCC Tourist Visa Boosts Tourism

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat

Saudi Minister of Tourism Ahmed Al-Khateeb took part in the eighth meeting of Gulf Cooperation Council (GCC) tourism ministers in Doha during which he said a unified GCC tourist visa improves the position of Gulf countries as top tourism destinations.

The meeting addressed means of enhancing collaboration in implementing the unified tourist visa for GCC countries.

Al-Khateeb, in his speech, commended the historic step taken by the GCC Supreme Council in approving this initiative, which reflects the commitment of GCC countries to strengthen tourism cooperation.

He further emphasized that the unified GCC tourist visa will significantly improve the Gulf states' standing as a distinguished global tourist destination.

Al-Khateeb commended the progress in activating the Gulf Tourism Strategy and stressed the importance of continuing efforts to implement the agreed-upon initiatives and programs within the strategy.

Highlighting the Saudi plans, the minister noted that the Kingdom will invest $800 billion in various cities and major tourist destinations over the next decade. He recognized tourism as a prominent economic sector contributing to achieving Saudi Vision 2030 by welcoming 27 million international visitors by 2030.

Al-Khateeb said during the first three quarters of 2023, visitors to the Kingdom spent SAR100 billion. The minister stated that the Kingdom ranked first among the Group of Twenty (G20) countries and second globally in terms of the growth in the number of international tourists, with a remarkable 56% increase in 2023 compared to 2019.

Building on these achievements, the Kingdom aims to welcome 150 million visitors by 2030, including 80 million domestic tourists and 70 million international tourists, Al-Khateeb said.

He emphasized that investments will not only benefit the Kingdom but also have a positive impact on all GCC countries and highlighted the need to increase the percentage of the travel and tourism sector's contribution to the GDP in GCC countries from the current 7.8% to 10%.

The minister stressed the importance of joint tourism efforts in the Gulf region, especially considering the upcoming investments in mega tourism projects. He called for the activation of initiatives, programs, and activities that maximize the benefits of attracting international visitors.

"We affirm our continuous support to achieve further achievements and successes aspired by the leaders of the GCC countries," the minister concluded.



Saudi Arabia to Host Multilateral Industrial Policy Forum

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat
TT

Saudi Arabia to Host Multilateral Industrial Policy Forum

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat

Saudi Arabia, in partnership with the United Nations Industrial Development Organization (UNIDO), will host the Multilateral Industrial Policy Forum (MIPF) in October, underscoring the Kingdom's significant industrial transformation, in line with Vision 2030, and aiming to expand the Saudi industrial base and solidify its position as a leading global industrial center.
Organized by the Ministry of Industry and Mineral Resources in Riyadh, the forum is yet another substantial industrial development initiative the Kingdom relentlessly takes.
By carrying out programs focused on innovation, diversification, and boosting of the industrial sectors, including 12 strategic sectors identified in the National Industrial Strategy, Saudi Arabia seeks to raise competitiveness and support its national economy.
Beyond the National Industrial Strategy, the Kingdom has invested in developing industrial infrastructure, such as industrial cities and special economic zones, and fostered international cooperation to facilitate transfer of knowledge and technology. The forum, in which global experts and decision makers participate, is an ideal platform to exchange expertise and set best practices in industrial policies.
Saudi Arabia aims to develop policies that are in line with international standards, thus increasing the global competitiveness of its industrial sector. By leading initiatives for sustainable industrial practices, promoting international cooperation, exchanging expertise, and adopting environmentally friendly technologies, the Kingdom seeks to enhance the flexibility of its supply chains, in line with the Global Supply Chain Resilience Initiative.
The industrial sector in Saudi Arabia witnessed significant developments in 2023, including announcing major investment opportunities in targeted sectors, issuing a license for the first Saudi-made electric car brand "Ceer", and opening the first electric vehicle manufacturing factory "Lucid". The Kingdom aims to produce over 300,000 cars annually by 2030.
Attracting private sector investments is crucial to achieving the goals of the National Industrial Strategy. The industrial sector focuses on enhancing integration among various sectors and their supply chains, developing infrastructure, encouraging joint investments, promoting local content, and empowering national companies through policies, financing, and training.
In July 2022, the Ministry of Industry and Mineral Resources launched the Future Factories Program, which aims to transform 4,000 factories from labor-intensive models to efficient, automated operations utilizing advanced industrial solutions. This initiative seeks to enhance competitiveness, improve product quality, and increase exports of Saudi non-oil products.
The ministry has also made strides in improving the regulatory and legislative environment for the industrial sector, creating an environment conducive to investments and fair competition.
The ministry's goals for 2024 and 2025 include attracting investments in targeted industrial sectors, reaching a total investment volume of SAR451 billion, adding 1,500 products to the mandatory local content list, increasing the industrial sector's contribution to non-oil GDP to SAR412 billion, and boosting non-oil exports to over SAR300 billion. Moreover, the ministry aims to launch the industrial sector governance initiative to stimulate integration and concerted efforts among relevant stakeholders.
The second edition of the Multilateral Industrial Policy Forum, hosted by Riyadh under the theme "Transforming Challenges into Sustainable Solutions through Industrial Policies", will bring together some 3,000 industry leaders from around the world, including decision makers, CEOs, industry specialists, and people interested in developing industrial policies.