Skip to content Skip to Search
Skip navigation

Saudi Red Sea resorts aim for 19m tourists by 2030

Nujuma, operated by Ritz Carlton, is the third Red Sea Global resort to open to visitors Red Sea Global
Nujuma, operated by Ritz Carlton, is the third Red Sea Global resort to open to visitors
  • Licences planned for 60 marinas
  • 27m tourists for all of Saudi in 2023
  • China is a key untapped resource

Saudi Arabia hopes to attract 19 million tourists a year to its Red Sea giga-projects and other resorts being built along the country’s west coast. 

Mohammed Al Nasser, CEO of the Saudi Red Sea Authority, said it intends to issue licences for up to 60 marinas over the next two years. It recently licensed six agents to manage cruise and yacht tours, including international liners

Al Nasser told CNBC Arabia that the Red Sea coastal region would add SAR85 billion ($22.3 billion) a year to the kingdom’s economy by 2030



The government wants tourism to contribute 10 percent of GDP by 2030, which equals $185 billion by 2023 standards.  

Saudi Arabia had 27 million international visitors in 2023. Religious tourism accounts for nearly 50 percent of international visitors and is central to government tourism expansion plans.

The major Red Sea projects are owned by the Public Investment Fund (PIF) and include Neom, the Red Sea Global resorts and Jeddah Central. The Saudi Red Sea Authority is also owned by PIF. 

The other major tourist projects are located in Riyadh, the southern Aseer region and AlUla in the northern desert.  

This year Saudi Arabia obtained official Approved Destination Status from China, which will increase group tours to the kingdom. 

The Saudi government sees China as a key untapped resource for its tourism plans. It wants China to become its third largest source for international arrivals by 2030, with a target of 5 million tourists per year.

Latest articles

Saudi inflation June 2024. Clothing and footwear prices in Saudi Arabia were down 3.2 percent year on year in June, and 0.2 percent month on month

Non-oil discounting brings Saudi inflation down

Saudi Arabia’s year-on-year consumer inflation rate fell to a low of 1.5 percent as non-oil businesses competed over prices but the wholesale price index remained at a high of 3.2 percent, reflecting high prices globally.  The consumer price index was down from 2.7 percent in June 2023. The CPI was also down from the 1.6 […]

hasan al fardan

Fintechs having ‘no impact’, says remittances CEO

Fintechs are no threat to the UAE-based remittances company Al Fardan Exchange, its CEO Hasan Al Fardan has declared. Al Fardan said there was no intention to drop fees to compete with finance technology startups. To date, he said, fintechs have had “no material impact on our business or our operations. We are hitting record […]

Almost 300,000 European visitors contributed to Oman's hotel revenues growing by more than 10 percent

Oman hotel revenues increase more than 10%

Hotel revenues across Oman were up by more than 10 percent in the first five months of 2024, fuelled by an increasing number of Asian and European visitors to the sultanate. Three-to-five star hotels reported revenues of OR108 million ($281 million) at the end of May, the latest data from the National Centre for Statistics […]

Saudi fishing trawlers

Saudi fishing industry bolstered by support plan

Saudi Arabia’s fishing industry has landed a financial support programme from the government as part of plans to develop and safeguard the sector. Fish production in the kingdom increased 80 percent in 2023 year on year to 214,600 metric tonnes. The goal is to increase that by 7 percent to 230,000 tonnes this year. The […]