Skip to content Skip to Search
Skip navigation

100m tourists in Saudi Arabia spend $27bn

Lionel Messi and family Saudi tourism Saudi Ministry of Tourism via Reuters
Lionel Messi and his family star in a new drive aiming to attract 150 million tourists to Saudi Arabia

Saudi Arabia hosted more than 100 million tourists last year, who collectively spent SAR100 billion ($26.67 billion), tourism minister Ahmed Al-Khateeb has revealed.

The total was made up of 77 million domestic and 27 million international tourists, the minister told the second edition of the Public Investment Fund (PIF) private sector forum.

Al-Khateeb said that the new strategy laid out by Crown Prince Mohammed bin Salman is intended to attract 150 million tourists, some 80 million domestic and 70 million international visitors, by 2030.

He said that the kingdom had committed to funding training programmes and that more than 100,000 young Saudis were trained in the tourism industry last year. 

The state-owned Tourism Development Fund has funded more than 50 projects, worth SAR35 billion.

Last month, the Saudi Tourism Authority released a promotional video starring the footballer Lionel Messi. The campaign targets key markets such as Europe, India and China, focusing on overturning common misconceptions about the kingdom. 

In December 2023, Ahmed Al Khateeb said the government was focusing on developing Riyadh, which is to host the World Expo in 2030.

Riyadh-based projects include a new airport, a new airline, the Diriyah district, the Qiddiya sports and education district, the downtown Murabba area and King Salman Park. 

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]