Saudi Tourism Forum 2025 Kicks Off in Riyadh with Over 100 Participants

The Saudi Tourism Forum 2025 kicked off on Tuesday in Riyadh. (Asharq Al-Awsat)
The Saudi Tourism Forum 2025 kicked off on Tuesday in Riyadh. (Asharq Al-Awsat)
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Saudi Tourism Forum 2025 Kicks Off in Riyadh with Over 100 Participants

The Saudi Tourism Forum 2025 kicked off on Tuesday in Riyadh. (Asharq Al-Awsat)
The Saudi Tourism Forum 2025 kicked off on Tuesday in Riyadh. (Asharq Al-Awsat)

Riyadh is hosting the third edition of the Saudi Tourism Forum 2025, featuring participation from over 100 organizations. The forum provides a comprehensive platform to showcase the latest advancements in the tourism sector, highlight investment opportunities, develop skills, and establish new partnerships to accelerate tourism growth in the Kingdom.

Taking place from January 7 to 9, the event is organized in collaboration with the Ministry of Tourism, the Saudi Tourism Authority, and the Tourism Development Fund.

Mohammed Basrawi, Chief Domestic Tourism Officer at the Saudi Tourism Authority, emphasized in his opening remarks the sector’s continuous growth and record-breaking achievements, driven by innovative products and services.

“In 2023, we celebrated welcoming 100 million visitors to the Kingdom, a milestone that reflects the ambitions of Vision 2030 and the support of our wise leadership,” he said.

Basrawi highlighted the success of the previous forum, which attracted over 28,000 visitors from 100 entities, facilitated the signing of 62 agreements, including nine with the Saudi Tourism Authority, and led to the launch of more than 20 new initiatives and products.

This year’s forum will feature additional partnerships, commercial opportunities, and international and local promotional campaigns to further establish Saudi Arabia as a leading global tourism destination, he added.

Khalid Al-Shareef, spokesperson for the Tourism Development Fund, shared insights with Asharq Al-Awsat on the forum’s sidelines, stating that the fund is overseeing more than 135 qualified projects across the Kingdom, with a total investment exceeding SAR 40 billion ($10.7 billion). These include the development of over 8,800 hotel rooms in cities such as Abha, Al-Baha, Taif, AlUla, and Madinah, extending tourism projects beyond major hubs like Riyadh, Jeddah, and the Eastern Province.

Al-Shareef identified the Asir region as a key area of focus due to its diverse geography, attracting both domestic and international tourists, particularly in the summer. He noted that the southern region hosts 15 projects worth SAR 2.6 billion and emphasized the importance of sustained support from both the Public Investment Fund and private sector companies.

Since its inception, the forum has achieved significant milestones, spotlighting Saudi Arabia’s rich cultural heritage and unique tourism offerings while advancing the shared vision of developing this vital sector.

The event features a diverse program of seminars and workshops on the latest tourism trends and developments, enabling participants to engage with industry leaders, policymakers, and experts while enhancing the skills of professionals in the sector.



Oil Trims Gains on Dollar Strength, Tight Supplies Provide Support

FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, US, May 3, 2017. REUTERS/Ernest Scheyder/File Photo
FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, US, May 3, 2017. REUTERS/Ernest Scheyder/File Photo
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Oil Trims Gains on Dollar Strength, Tight Supplies Provide Support

FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, US, May 3, 2017. REUTERS/Ernest Scheyder/File Photo
FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, US, May 3, 2017. REUTERS/Ernest Scheyder/File Photo

Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.

Brent crude was up 21 cents, or 0.27%, at $77.26 a barrel at 1424 GMT. US West Texas Intermediate crude climbed 27 cents, or 0.36%, to $74.52.

Both benchmarks had risen more than 1% earlier in the session, but pared gains on a strengthening US dollar.

"Crude oil took a minor tumble in response to a strengthening dollar following news reports that Trump is considering declaring a national economic emergency to provide legal ground for universal tariffs," added Ole Hansen, analyst at Saxo Bank.

A stronger dollar makes oil more expensive for holders of other currencies.

"The drop (in oil prices) seems to be driven by a general shift in risk sentiment with European equity markets falling and the USD getting stronger," said UBS analyst Giovanni Staunovo.

Oil output from the Organization of the Petroleum Exporting Countries fell in December after two months of increases, a Reuters survey showed.

In Russia, oil output averaged 8.971 million barrels a day in December, below the country's target, Bloomberg reported citing the energy ministry.

US crude oil stocks fell last week while fuel inventories rose, market sources said, citing American Petroleum Institute figures on Tuesday.

Despite the unexpected draw in crude stocks, the significant rise in product inventories was putting those prices under pressure, PVM analyst Tamas Varga said.

Analysts expect oil prices to be on average down this year from 2024 due in part to production increases from non-OPEC countries.

"We are holding to our forecast for Brent crude to average $76/bbl in 2025, down from an average of $80/bbl in 2024," BMI, a division of Fitch Group, said in a client note.