Foreign Tourist Spending in Saudi Arabia Tops $13 Bln in Q1

Foreign tourists visit AlUla, one of Saudi Arabia’s top heritage sites (Asharq Al-Awsat)
Foreign tourists visit AlUla, one of Saudi Arabia’s top heritage sites (Asharq Al-Awsat)
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Foreign Tourist Spending in Saudi Arabia Tops $13 Bln in Q1

Foreign tourists visit AlUla, one of Saudi Arabia’s top heritage sites (Asharq Al-Awsat)
Foreign tourists visit AlUla, one of Saudi Arabia’s top heritage sites (Asharq Al-Awsat)

Saudi Arabia recorded a sharp rise in inbound visitor spending in the first quarter of 2025, with international tourists spending 49.4 billion riyals ($13.2 billion), up 9.7% from the same period last year, according to the Ministry of Tourism.

 

The kingdom also posted a surplus of 26.8 billion riyals ($7.14 billion) in its travel account balance, marking an 11.7% year-on-year increase, driven by a surge in tourism activity and government-led initiatives to diversify the economy beyond oil.

 

The data, published in the central bank’s balance of payments for May, reflects the success of Saudi Arabia’s broader tourism strategy under Vision 2030, which aims to position the kingdom as a global travel destination.

 

Tourism reforms yield results

 

The Ministry of Tourism said the strong surplus was the result of continued national efforts to boost tourism’s contribution to economic growth. It added that the figures reflect “clear progress” in the sector’s development.

 

The rapid growth highlights the effectiveness of reforms across the tourism ecosystem, including improved services, upgraded infrastructure, and enhanced collaboration between public and private stakeholders to meet Vision 2030 targets.

 

Industry experts say government initiatives launched in recent years are starting to bear fruit, as evidenced by rising international arrivals and spending.

 

E-visas widen access

 

Speaking to Asharq Al-Awsat, tourism investor and businessman Majed Al-Hokair said Saudi Arabia’s recent achievements underscore its growing appeal to international visitors.

 

He credited the introduction of electronic tourist visas for travelers from across the globe with significantly boosting arrivals, allowing visitors to explore the country’s diverse offerings — from historical and cultural sites to leisure and beach destinations.

 

Al-Hokair added that Saudi Arabia’s tourism appeal spans all seasons, drawing visitors for entertainment, heritage, business travel, and conferences, all of which have generated new job opportunities for Saudis in the sector.

 

Legal reforms fuel tourism boom

 

Nasser Al-Ghilan, founder and CEO of Amla Tourism Investment, told Asharq Al-Awsat that regulatory changes have also played a key role in attracting foreign tourists and driving up domestic tourism spending.

 

He said several new tourism and entertainment projects launched under Vision 2030 helped the kingdom surpass its goal of 100 million visitors in 2023, with new targets now set at 150 million annual visitors by the end of the decade.

 

Record tourism surplus in 2024

 

In 2024, Saudi Arabia posted a record 50 billion riyals ($13.3 billion) surplus in its travel account - a 7.8% increase over 2023 - driven by a 13.8% jump in international visitor spending.

 

Inbound tourism spending rose to 153.6 billion riyals ($40.9 billion) in 2024, compared to 135 billion riyals ($36 billion) the previous year, reflecting the kingdom’s growing status as a global travel hub.

 



Türkiye to Start Oil-Targeted Drilling in Western Black Sea Soon, Minister Says

Türkiye's Energy Minister Alparslan Bayraktar speaks as he meets with reporters at Antalya Diplomacy Forum in Antalya, Türkiye, April 18, 2026. (Reuters)
Türkiye's Energy Minister Alparslan Bayraktar speaks as he meets with reporters at Antalya Diplomacy Forum in Antalya, Türkiye, April 18, 2026. (Reuters)
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Türkiye to Start Oil-Targeted Drilling in Western Black Sea Soon, Minister Says

Türkiye's Energy Minister Alparslan Bayraktar speaks as he meets with reporters at Antalya Diplomacy Forum in Antalya, Türkiye, April 18, 2026. (Reuters)
Türkiye's Energy Minister Alparslan Bayraktar speaks as he meets with reporters at Antalya Diplomacy Forum in Antalya, Türkiye, April 18, 2026. (Reuters)

Türkiye will soon begin drilling a challenging oil-targeted well in the western Black Sea, Energy Minister Alparslan Bayraktar said ‌on Wednesday.

"We ‌will soon ‌begin ⁠drilling an oil-targeted ⁠well in the western Black Sea. It will be a difficult ⁠drilling operation and will ‌take ‌some time," ‌Bayraktar told broadcaster ‌CNBC-e.

Türkiye has previously said it plans six exploration ‌wells across the western, central and eastern ⁠Black ⁠Sea in 2026 as it seeks new oil and natural gas discoveries.


Epson Makes Riyadh Its Regional Headquarters for Middle East and North Africa

Husam Al Zughayyar, Regional Head of Sales at Epson Middle East (Asharq Al-Awsat) 
Husam Al Zughayyar, Regional Head of Sales at Epson Middle East (Asharq Al-Awsat) 
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Epson Makes Riyadh Its Regional Headquarters for Middle East and North Africa

Husam Al Zughayyar, Regional Head of Sales at Epson Middle East (Asharq Al-Awsat) 
Husam Al Zughayyar, Regional Head of Sales at Epson Middle East (Asharq Al-Awsat) 

Japanese technology company Epson is strengthening its presence in Saudi Arabia and across the Middle East and North Africa with the opening of its regional headquarters in Riyadh, reflecting the Kingdom’s growing importance as a regional business and technology hub.

The headquarters is part of Epson’s strategy to expand its business in Saudi Arabia, where it has operated for more than 15 years, focusing on sectors including education, healthcare and entertainment and offering technology solutions tailored more closely to local market needs.

It will also strengthen links between Epson’s regional operations and its research and development centers in Japan, supporting the development of new solutions in innovation, sustainability and digital transformation.

Husam Al Zughayyar, Regional Head of Sales at Epson Middle East, told Asharq Al-Awsat that selecting Riyadh as the company’s MENA headquarters was part of its Saudi expansion strategy, describing the Kingdom as a strategic market for Epson.

“Establishing the regional headquarters for the Middle East and North Africa in Riyadh reflects the company’s long-term commitment to the Kingdom and its confidence in the potential of its market,” Al Zughayyar said. “Epson has operated in Saudi Arabia for more than 15 years, and the new headquarters represents an important step in expanding this presence and strengthening our operations in the Kingdom and the region.”

He noted that Epson was committed to improving service levels, strengthening ties with its local distribution network, and expanding its presence in the education sector to better serve customers in the Kingdom.

The regional headquarters will serve as a direct link with Epson’s research and data centers in Japan, allowing local insights and requirements to help shape next-generation technologies. The company plans to expand in strategically important sectors such as education, healthcare and entertainment, with solutions tailored to Saudi market needs.

Al Zughayyar highlighted Epson’s long-standing cooperation with Saudi Arabia’s education sector, including its partnership with Tatweer Educational Technologies Company (TETCO), a strategic technology arm of the Ministry of Education.

“We will provide interactive display solutions for schools and universities in the Kingdom, supporting the development of smart classrooms and interactive learning,” he stated, adding that the cooperation aligns with Saudi Vision 2030 objectives for education, digital transformation and technology investment.

Al Zughayyar expressed strong optimism about the Saudi market, citing its size and the rapid economic and technological transformation underway under Vision 2030, alongside growing adoption of digital technologies.

These developments are creating opportunities for technology companies in education, healthcare, financial services, tourism and hospitality, retail and government, he underlined.

Continued investment in digital infrastructure and smart cities, together with improvements in the business environment, is strengthening Saudi Arabia’s position as a regional hub for technology and innovation and its ability to attract international investment.

Epson sees substantial opportunities to offer innovative and sustainable solutions in printing, scanning, visual communications, manufacturing and lifestyle products tailored to evolving customer needs.

The company is also supporting digital transformation and local talent development. Epson launched a graduate program in 2022 to provide young professionals with practical experience and develop their skills, with three graduates subsequently joining its workforce.

Between 2022 and 2024, Epson increased its investment in facilities across the region by 28.6 percent and investment in human resources by 45 percent.

The company plans to expand its partner and channel network in Saudi Arabia, deepen relationships with local customers and partners and establish more direct links with its research and data teams in Japan.


National Housing Company Invests About $880 Million in Riyadh Data Center

Visitors at the company’s pavilion during LEAP 2026 in Riyadh. (Asharq Al-Awsat)
Visitors at the company’s pavilion during LEAP 2026 in Riyadh. (Asharq Al-Awsat)
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National Housing Company Invests About $880 Million in Riyadh Data Center

Visitors at the company’s pavilion during LEAP 2026 in Riyadh. (Asharq Al-Awsat)
Visitors at the company’s pavilion during LEAP 2026 in Riyadh. (Asharq Al-Awsat)

Saudi Arabia’s National Housing Company (NHC) is expanding its technology investments, moving beyond the development of digital platforms and services to deeper infrastructure and technological capabilities for the real estate sector, including data centers, artificial intelligence, data analytics and geospatial technologies.

The shift comes as the company seeks to reshape the real estate customer journey, from searching for a home and securing financing to ownership and managing related services, through an integrated digital ecosystem supported by data and advanced technologies.

Rayan Alaql, CEO of NHC Innovation, the digital and technology arm of NHC, told Asharq Al-Awsat that the company had evolved from building digital platforms serving specific procedures to developing an integrated technology ecosystem that is reshaping the real estate experience, from searching for a home, financing and ownership to managing interactions with municipal and real estate services.

Investment in technology capabilities

Alaql explained that the company’s technology investments had expanded from platforms and digital services to deeper enabling capabilities, including data, AI, infrastructure, data centers and technologies supporting smart cities.

The data center at Khuzam Digital Valley is part of this strategy, with investments totaling SAR 3.3 billion, or about $880 million, and a target IT load of up to 65 megawatts by 2033.

The center is intended to develop digital infrastructure supporting cloud services and advanced technologies. Its services will include hosting and leasing, managed services, cloud computing and IT, power and connectivity, and value-added services.

To support the center’s readiness and attract global technology partnerships, the company signed cooperation agreements with BytePlus, the technology arm of ByteDance, and NAVER Innovation. The agreements include allocating capacity to the two companies as the first customers of the data center, alongside providing technological services supporting their operations and digital needs.

Serving more than 35 million users

Alaql noted that the company’s platforms serve more than 35 million direct and indirect users, including beneficiaries, entities and partners, through an ecosystem of platforms and digital solutions linked to housing, municipal services and real estate regulation. Users have interacted with more than 15 digital platforms.

He said usage patterns had changed significantly in recent years. Users no longer access a platform merely to complete a procedure, but increasingly rely on it to make decisions, compare options, find suitable services and follow their journey more clearly.

This shift, he added, reflects how the platforms have become part of the sector’s operating infrastructure rather than an additional service channel.

AI in real estate services

Alaql stressed that the company regards AI as a fundamental enabling layer rather than a standalone product, using it to improve the customer experience, enhance recommendations, analyze patterns, facilitate access to appropriate real estate options and provide relevant entities with more accurate insights into the market, demand and services.

He cited the Sakani platform as an example, saying the objective is to help users identify options that most closely match their needs, financial capacity and preferences instead of confronting them with thousands of choices.

The real impact of AI, he added, emerges when it produces tangible results: faster service, clearer decisions, lower operating costs and a fairer, more transparent experience for users.

Data and geospatial technologies

He said the next stage of urban and real estate planning requires a more precise understanding of location, demand, mobility, services and infrastructure, with geospatial technologies and AI helping planners view a city as an interconnected system.

Linking spatial data with information on demand, services, utilities and user behavior can make planning decisions more precise and help identify priorities, including where development is needed, where services should be expanded and where gaps can be reduced.

He added that such tools shorten the time required for studies and analysis, reduce decisions based on subjective impressions and allow authorities and developers to plan with greater confidence.

Partnerships and homeownership

Alaql said global partnerships aim to transfer knowledge, accelerate capacity building, develop solutions applicable to the Saudi market and connect local expertise with leading global technologies.

The company has pursued partnerships in AI, data, data centers and smart cities as part of efforts to build local capabilities and develop products addressing market needs.

On financing and homeownership, he pointed that customers have historically had to navigate multiple entities, numerous decisions and incomplete information.

The company is working to build a more connected journey, beginning with understanding the customer’s needs, presenting appropriate options and facilitating financing through to completing procedures clearly and quickly.

The aim is not merely to move procedures onto a digital platform, he stressed, but to redesign the journey itself through integrated data, clearer options and systems capable of recommendation, verification and matching.

The company participated in LEAP 2026 in Riyadh last week. The official underlined that its participation reflected a new stage in its development, focused not only on showcasing digital solutions but on demonstrating how technology can reshape real estate, support smart cities and build digital infrastructure capable of meeting future needs.

Alaql described LEAP as a platform for highlighting the evolution of the company’s business model from developing digital services to building the technological enablers of the digital economy in real estate and cities.