Arab News, Wed, Mar 27, 2024 | Ramadan 17, 1445
Saudi Arabia aiming to be a top 10 global tourist destination in 2024: minister
Saudi Arabia:
Saudi Arabia aspires to rank among the top 10 most successful countries in
tourism this year, says the sector’s minister.
Speaking during the Manafea Forum in Madinah,
Ahmed Al-Khateeb outlined that the Kingdom is equipped with the capabilities and
requirements to achieve this milestone, according to a statement by the
ministry.
He demonstrated this fact by noting that by the
end of 2023, the sector contributed to approximately 5 percent of the gross
domestic product, with the aim of raising the figure to 10 percent by 2030.
Al-Khateeb further outlined that the Kingdom
currently holds 940,000 jobs in the tourism and hospitality fields and aspires
to provide 1 million positions by 2030.
The minister’s comments reflect Saudi Arabia’s
National Tourism Strategy, which aims to attract over 150 million visitors by
2030.
The Kingdom considers developing the tourism and
entertainment sectors a crucial part of its Vision 2030 initiative, as
it diversifies its economy away from oil revenues.
During his remarks, Al-Khateeb highlighted the
Tourism Investment Enablers program, which seeks to achieve these objectives
through empowering the private sector and streamlining the investment process.
He said: “At the Ministry of Tourism, we were keen
to make the legislation regulating the tourism sector characterized by ease,
flexibility and clarity, and we introduced new licenses with regard to guest
facilities and hospitality.”
He highlighted that 100,000 Saudi nationals are
trained annually in order to qualify them for positions in the field,
and further underscored that the budget for training programs at home and abroad
exceeds SR375 million($99.9 million) per year.
Furthermore, Al-Khateeb outlined that the ministry
is “keen” to enrich the visitor experience by adequately preparing all
historical sites and archaeological monuments.
To fulfill this goal, the Tourism Development Fund
has financed more than 50 projects, the minister said.
With $4 billion in capital, TDF, established in
June 2020, aims to facilitate local and international investors’ access to
high-potential tourism investments across key destinations in Saudi Arabia.