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Saudi Arabia Sets Record Inbound Tourism Spending of SAR135 Billion in 2023

AlUla is one of the top tourist destinations in Saudi Arabia. (Royal Commission for AlUla)
AlUla is one of the top tourist destinations in Saudi Arabia. (Royal Commission for AlUla)
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Saudi Arabia Sets Record Inbound Tourism Spending of SAR135 Billion in 2023

AlUla is one of the top tourist destinations in Saudi Arabia. (Royal Commission for AlUla)
AlUla is one of the top tourist destinations in Saudi Arabia. (Royal Commission for AlUla)

Saudi Arabia has set a new record in foreign visitors spending in 2023, as per preliminary data from the Saudi Central Bank regarding the travel item in the balance of payments, the Saudi Press Agency said on Saturday.
Tourism revenue increased to SAR135 billion, marking the highest expenditure by foreign visitors in the Kingdom's history, representing a growth rate of 42.8% compared to 2022.
This historic surge in spending is part of a series of ongoing successes in the Kingdom's tourism sector. In 2023, the Kingdom led the United Nations Tourism List for the growth rate of international tourists compared to 2019, achieving a remarkable 56% increase in tourist arrivals.
Additionally, the United Nations Tourism Barometer report in January 2024 indicated a 156% recovery in the Kingdom's tourist arrivals in 2023 compared to 2019.
Moreover, the Kingdom garnered international acclaim from the World Tourism Organization (UN Tourism) and the World Travel and Tourism Council (WTTC) for hosting over 100 million domestic and international tourists in 2023.
Both organizations commended the tremendous efforts of the Kingdom's tourism sector.

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Saudi Arabia Makes Significant Progress in 2025 International IP Index

The report highlighted a series of advancements in Saudi Arabia’s legislative and regulatory framework for intellectual property. (SPA)
The report highlighted a series of advancements in Saudi Arabia’s legislative and regulatory framework for intellectual property. (SPA)
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Saudi Arabia Makes Significant Progress in 2025 International IP Index

The report highlighted a series of advancements in Saudi Arabia’s legislative and regulatory framework for intellectual property. (SPA)
The report highlighted a series of advancements in Saudi Arabia’s legislative and regulatory framework for intellectual property. (SPA)

Saudi Arabia made significant progress in the 13th edition of the US Chamber of Commerce's International IP Index, recording a 17.55% increase in its overall score and ranking among the top countries for progress out of 55 global economies.

This milestone highlights the Kingdom's commitment to strengthening its intellectual property ecosystem and fostering innovation in line with the goals of Vision 2030.

The report highlighted a series of advancements in Saudi Arabia’s legislative and regulatory framework for intellectual property. Key developments included extending the term of design protection to 15 years, establishing a dedicated prosecution office for IP offenses, and strengthening the electronic enforcement of copyrights and trademarks.

These efforts contributed to raising the Kingdom’s overall score from 36.6% in 2019 to 53.7% in 2025—a cumulative increase of more than 40% over six years.

This progress reflects the efforts of the Saudi Authority for Intellectual Property, in collaboration with relevant entities, to build an integrated system that enhances investor and innovator confidence.

It also reaffirms the Kingdom’s growing position as a regional hub for the creative and knowledge-based economy.