Saudi Arabia’s $11.2 Billion Investment Aims to Create 120,000 Jobs in Tourism Sector

Saudi Arabia has unveiled an ambitious plan to generate substantial employment opportunities with an $11.2 billion investment in the tourism sector. The government’s initiative, led by the Minister of Tourism, Ahmed Al-Khateeb, includes the Tourism Investment Enablers Program and the Hospitality Sector Investment Enablers Initiative. These programs aim to facilitate business practices, enhance investment attractiveness for local and international investors, and provide facilities and diversification for tourists across the country.

Saudi Arabia, known for its rich and diverse tourism wealth, seeks to boost its global appeal by addressing challenges faced by investors, developing rules to reduce operating costs, and fostering the growth of the tourism industry. The administration notes a significant increase in the demand for tourism activity licenses, indicating a growing interest in the sector. The favorable conditions for investors are expected to attract more individuals willing to invest in the country.

The initiative targets substantial growth, including an increase in the number of hotels. Officials anticipate a range of social and economic benefits, projecting the creation of at least 42,000 new hotel rooms and 120,000 jobs by 2030. Aligning with nationalization efforts in employment, Saudi Arabia aims to strengthen its position as a global tourism hub and capitalize on its diverse cultural and natural attractions.