Saudi Tourism Spending Surges to $40 Billion Amid 10% Growth

Saudi Arabia's tourism sector has experienced a remarkable surge, with tourist expenditure reaching $40 billion, reflecting a 10% growth compared to the previous year. This significant increase was announced by the Kingdom's Minister of Tourism, Ahmed Al-Khateeb, during a conference focused on the 2024 summer tourism program.

The minister highlighted that Saudi Arabia welcomed 60 million visits in the first half of 2024, a considerable rise driven by the country's diverse attractions and improved infrastructure. The Kingdom's commitment to becoming a premier global tourism destination is evident in its ambitious target to attract 150 million tourists annually by 2030.

Supporting this growth, the General Authority of Civil Aviation reported a 17% increase in passenger air traffic, reaching 62 million passengers in the first half of 2024, up from 53 million in the same period last year. This uptick was accompanied by a 12% rise in flights, totaling 446,000.

Al-Khateeb emphasized the country's unique geographic diversity, from mountainous regions and luxurious resorts to Red Sea beaches and vibrant urban centers. This variety positions Saudi Arabia as a versatile destination capable of offering a broad range of tourism experiences to international visitors.

The government is also focusing on enhancing the skills and opportunities for Saudi citizens within the tourism sector. The ministry conducts over 100,000 training courses annually and has increased salaries to encourage private sector investment in local human capital. The Tourism Development Fund, established a year and a half ago, has financed more than 100 projects worth $9.3 billion, including several initiatives in the Aseer region aimed at boosting hospitality services.

To further support the sector's expansion, Saudi Arabia plans to introduce a tourist visa next month, facilitating easier access for international travelers. This initiative is part of a broader strategy to strengthen the tourism industry and diversify the economy away from oil dependence.

The Kingdom's strategic investments in infrastructure and human capital, coupled with its rich cultural and natural attractions, are pivotal to its vision of becoming a leading global tourism hub.
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