Font Size

- Aa +

Wed 14 Mar 2012 12:23 PM

Font Size

- Aa +

KSA to pump over US$80bn into tourism sector - report

Tourism is said to hold much potential for the conservative-minded nation

KSA to pump over US$80bn into tourism sector - report
Tourism involving conferences and fairs holds much potential for the conservative-minded nation.

Saudi Arabia, the world’s largest exporter
of oil, plans to invest more than SAR300bn (US$80bn) into tourism related facilities
such as hotels and airports, it was reported this week.

A report published by Al Mazaya Holding
recommended that both public and private sectors focus on corporate,
governmental and group tourism, rather than individual travelers.

The report is apparently based on a Saudi
Council of Ministers’ resolution to expand the Gulf kingdom’s so-called ‘conference
tourism’ sector.

Tourism involving conferences and fairs holds
much potential for the conservative-minded nation, the report said, and can
help drive Saudi Arabia’s economic growth.

However, facilities that can accommodate this
area of tourism in Saudi are currently lacking.

Al Mazaya Holding's report appeared to contain no specific information on the time frame or nature of the investments.

Earlier this week, the governor of the country's Makkah Province revealed that SAR47bn would be spent on bolstering public infrastructure in the coastal city of Jeddah.

For all the latest travel news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Ani Ray 7 years ago

Saudi Arabia would the last place on earth for tourism on anybody's mind. Conservatism does not, in any way, help tourism, irrespective of the investments being poured in for the developments.

procan 7 years ago

I think they are talking about religious tourism not your standard western fare.