Saudi Arabia and China Explore Promising Tourism Opportunities

Tourism Minister Ahmed Al-Khateeb met with a number of Chinese investors in Beijing (Asharq Al-Awsat)
Tourism Minister Ahmed Al-Khateeb met with a number of Chinese investors in Beijing (Asharq Al-Awsat)
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Saudi Arabia and China Explore Promising Tourism Opportunities

Tourism Minister Ahmed Al-Khateeb met with a number of Chinese investors in Beijing (Asharq Al-Awsat)
Tourism Minister Ahmed Al-Khateeb met with a number of Chinese investors in Beijing (Asharq Al-Awsat)

Saudi Tourism Minister Ahmed Al-Khateeb met with the Chinese Tourism Association to explore investment opportunities and means to strengthen bilateral ties in the sector. Al-Khateeb also discussed with several investors in Beijing investment prospects in the Kingdom’s tourism industry.

On Thursday, Al-Khateeb launched a global promotional campaign in Beijing, inaugurating the Saudi Travel Expo at the renowned Tian Tan Park, which will run until Oct. 26.

The Saudi delegation, led by Al-Khateeb, included top officials and key partners from the Saudi tourism ecosystem, aiming to elevate Saudi Arabia’s global presence and demonstrate its readiness to welcome Chinese tourists. The delegation held multiple bilateral meetings with China’s Civil Aviation Authority, the Chinese Tourism Association, airlines, and representatives from major companies like Trip.com, Tuniu, Alibaba, Huawei, and Klook.

Several Memorandums of Understanding (MoUs) were signed with prominent Chinese companies, including H World Group and Jin Jiang Group. Al-Khateeb emphasized that this global campaign is part of Saudi Arabia’s efforts to foster closer collaboration with China through strategic partnerships aimed at developing the tourism sectors in both countries. He expressed enthusiasm about welcoming Chinese tourists, particularly following Saudi Arabia’s designation as an official key destination for Chinese travelers.

Fahd Hamidaddin, CEO and board member of the Saudi Tourism Authority, stressed that China is one of the most important international markets for Saudi Arabia. He highlighted the growing interest among Chinese tourists in experiencing the country’s unique and inspiring travel offerings.

The Saudi Travel Expo features interactive exhibits showcasing the beauty of key Saudi destinations such as Diriyah, AlUla, and Al-Baha. Visitors can enjoy photo opportunities against backdrops of famous Saudi landmarks and witness live demonstrations of traditional crafts like sadu weaving, as well as local musical performances. Saudi tourism partners are also offering special travel packages to major destinations like Jeddah, Neom, and the Red Sea, along with the chance to participate in world-class events such as Riyadh Season and MDL Beast.



Egypt Cuts 2040 Renewable Energy Target to 40%, Keeps Focus on Natural Gas

Egypt's Ministry of Petroleum & Mineral Resources Karim Badawi speaks during a panel discussion as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, US, September 17, 2024. REUTERS/Callaghan O'Hare/File Photo
Egypt's Ministry of Petroleum & Mineral Resources Karim Badawi speaks during a panel discussion as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, US, September 17, 2024. REUTERS/Callaghan O'Hare/File Photo
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Egypt Cuts 2040 Renewable Energy Target to 40%, Keeps Focus on Natural Gas

Egypt's Ministry of Petroleum & Mineral Resources Karim Badawi speaks during a panel discussion as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, US, September 17, 2024. REUTERS/Callaghan O'Hare/File Photo
Egypt's Ministry of Petroleum & Mineral Resources Karim Badawi speaks during a panel discussion as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, US, September 17, 2024. REUTERS/Callaghan O'Hare/File Photo

Egypt has revised its renewable energy target for 2040 down to 40% from a previous goal of 58%, Petroleum Minister Karim Badawi said on Sunday, underscoring that natural gas will remain a key part of the country's energy mix for years.

Before hosting the COP27 climate summit in 2022, Egypt pledged to raise renewable energy production to 42% of its energy mix by 2035, later advancing that target to 2030. In June 2024, then-Electricity Minister Mohamed Shaker announced an ambitious plan to raise this to 58% by 2040, a target now abandoned, Reuters reported.

"This is a message to all of us to work together to increase discoveries and attract more investments through the bids being offered for exploration, aiming to achieve new discoveries in the region, which holds more wealth, particularly natural gas," Badawi said in the opening session of the Mediterranean Energy Conference 2024.

Since taking office in July, Badawi has met numerous international energy companies, including Italy’s Eni, which plans to start drilling new wells in Egypt's largest gas field, Zohr, in early 2025 to boost production.

Zohr's gas production peaked at 3.2 billion cubic feet per day (bcf/d) in 2019, enabling the country to become a net exporter. But output declined to 1.9 bcf/d by early 2024, forcing Egypt to increase gas imports through a pipeline linking it with Israel as well as liquefied natural gas (LNG) shipments to avoid a load shedding scheme that went on for months.