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Saudi Arabia targets 150m tourists as spending hit $26.7bn last year

Saudi Arabia targets 150m tourists

Saudi Arabia had more than 100m tourists who spent SR100bn ($26.7bn) in 2023, according to the Kingdom’s Minister of Tourism.

Ahmed bin Aqeel Al Khateeb said that the tourism sector in the Kingdom achieved its goal of hosting 100 million tourists in 2023.

Of these, there were 77 million domestic and 27 million international tourists, who collectively spent SR100bn ($26.7bn).

Saudi tourism

Taking part in a ministerial session titled “The Importance of the Private Sector in Achieving Vision 2030”, held as part of the second edition of the Public Investment Fund (PIF) and Private Sector Forum, Al Khateeb emphasised that Crown Prince’s new strategy aims to attract 150m tourists, some 80 million domestic and 70 million international tourists, by 2030.

He said that Saudi Arabia has committed to funding training programs, and that more than 100,000 young men and women were trained last year.

Of these, 15,000 trained in the best institutes in the world to join the tourism sector.

He also highlighted the role the Human Resources Development Fund played in increasing salaries.

Al Khateeb emphasised the ongoing effort to enhance the legislation and encourage investment.

With the establishment of the Tourism Development Fund, which has funded more than 50 projects totalling SR35bn ($9.3bn), investing in the tourism sector has become a highly appealing and straightforward endeavour worldwide.

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