Investment Sector
Tourism & Hospitality
Becoming a Global Tourism Destination
Giga-projects including NEOM, Red Sea Global, and Qiddiya transforming Saudi Arabia into a global tourism destination with $1 trillion investment. Red Sea luxury sites are fully funded. King Salman International Airport will handle 120 million passengers annually.
Market Size
$1 Trillion
Growth Rate
+35%
Total Investment
$1T by 2030
Employment
1,000,000+ jobs
Vision 2030 Goals
Strategic objectives for this sector
- Attract 100 million visitors annually
- Increase tourism GDP contribution to 10%
- Develop world-class tourism destinations
- Create 1 million tourism jobs
Growth Drivers
Key factors driving sector growth
- Giga-projects development
- Visa liberalization
- Entertainment sector opening
- Religious tourism growth
- Cultural heritage development
Regulatory Bodies
Government organizations overseeing this sector
Ministry of TourismSCTHMISAPIF