Thursday, October 16, 2014

Investments in Saudi travel and tourism to stand at SR150bn in 2014

Investments in Saudi travel and tourism to stand at SR150bn in 2014
JEDDAH: ARAB NEWS - Inbound tourism is a major contributor to Saudi Arabia’s commercial and economic dynamism. Industry observers project investments in Saudi travel and tourism to stand at SR150 billion
in 2014 wherein SR50 billion would come from domestic tourism and SR100 billion from inbound tourism.

Saudi domestic tourism has grown significantly of late, whereby spending soared from SR59 billion in 2010 to SR103 billion in 2014 thereby becoming an economic generator that can be included in the list of sustainable investment opportunities.
Investments in the hotel and hotel apartment sectors are also projected to reach more than SR95 billion over the next ten years.

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http://www.arabnews.com/economy/news/645006