Saudi Arabia’s tourism sector celebrated an incredible milestone of 100 million visitors in 2023, seven years ahead of schedule, marking a significant stride towards economic diversification and emphasizing the sector’s growing contribution to the national economy. The government aims to leverage this momentum, planning an investment infusion into the hospitality sector of up to SAR 42 billion in key destinations, which is anticipated to create 120,000 new jobs by 2030.
Saudi Arabia’s plans to expand its accommodation capacity dramatically. The Kingdom is targeting an increase in hotel rooms to over 500,000 and aiming to welcome 150 million visitors annually by 2030.
The Saudi Ministry of Tourism is encouraging global investors to dive into the thriving tourism landscape of the Kingdom and is aggressively pushing towards its Vision 2030 goal of being a top global tourism destination for investors and tourists alike.
