RIYADH: Saudi Arabia is aiming to double the tourism contribution to the national economy from the current 5 percent to solidify its position as a leading global destination, according to the Minister of Tourism.
Speaking at a session titled “AI and the Future of Tourism” during the ninth Future Investment Initiative conference, Ahmed Al-Khateeb affirmed that the sector is a key pillar of Vision 2030, pivotal for diversifying the economy and creating jobs, the Saudi Press Agency reported.
“Tourism accounts for 18 percent of global GDP and 5 percent of the Kingdom’s GDP (Gross Domestic Product),” Al-Khateeb stated, according to SPA. “We aspire to double that figure within the next five years, which will represent 10 percent of total jobs.”
The minister highlighted the rapid evolution of the Kingdom’s tourism landscape, noting the emergence of new segments including entertainment, sports, culture, and conferences, events, and exhibitions.
He pointed to Riyadh as evidence of this growth, declaring it one of the world’s most active cities for hosting major events.
