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White roads, firefighting drones and more prepare Saudi for some 2 mn pilgrims
Hajj generates USD 12 bn annually, fueling 20% of Saudi’s non-oil GDP
Hotel101 to invest USD 2.5 bn to expand into the Kingdom
Up to 10k hotel rooms are expected to be developed under a JV with Horizon Group
Agreements + initiatives worth SAR 8.5 bn signed at Hail Investment Forum
The forum brought together government entities, the private sector, and international investors
Saudi Arabia wants to give the Maldives and the Caribbean a run for their money
The government is staking USD 1 tn to develop the sector
Non-Saudis continue to dominate the tourism industry in 4Q 2024
The tourism sector saw a 4% y-o-y increase in its total workforce, reaching 966.5k workers
Asfar’s push to widen tourist options in the Kingdom
“We focus on establishing tourism destinations almost everywhere in Saudi Arabia”, CEO said
NHC signs SAR 30 bn agreements at Real Estate Future Forum
Saudi Arabia recorded SAR 27 bn in real estate sales in 2024
Private investment in the Saudi tourist sector hit SAR 14.2 bn last year
Foreign capital accounted for 40% of the tally
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