18 Jul 2024
RIYADH: Tourist spending in Saudi Arabia reached approximately SR150 billion ($40 billion) in the first half of 2024, reflecting a 10 percent increase in both traveler numbers and expenditure compared to the same period the previous year, as revealed by a top minister.
At a conference convened to review the 2024 summer tourism program, the Kingdom’s Minister of Tourism Ahmed Al-Khateeb reiterated that his country will launch a tourist visa next month to attract more international visitors and bolster the sector’s growth.
This comes as Saudi Arabia has set an ambitious target to host 150 million tourists annually by 2030, underscoring its commitment to transforming the Kingdom into a premier global tourism destination.
The country’s passenger air traffic surged by 17 percent in the first half of 2024, reaching 62 million compared to 53 million in the same period last year, according to statistics released by the General Authority of Civil Aviation.
This growth was supported by a 12 percent increase in flights, with 446,000 recorded compared to 399,000 in the first half of 2023.
Al-Khateeb shared statistics from the first half of the year, stating: “We achieved 60 million visits and approximately SR150 billion in tourist spending.”
The minister added that this reflects a 10 percent rise in both visitor numbers and expenditure compared to the same period last year.
He described the country as a “continent,” highlighting its vast natural beauty and varied landscapes, including mountains, resorts, Red Sea beaches, and vibrant cities.
This diversity, he noted, positions Saudi Arabia uniquely to offer a wide array of tourism products to global travelers.
Outlining initiatives aimed at enhancing opportunities and training for Saudis, he said: “We’ve raised salaries and conducted over 100,000 training courses annually.”
This underscores the ministry’s proactive stance in encouraging private-sector investment in Saudi human capital.
Al-Khateeb noted the crucial role of the private sector in shaping the tourism landscape. “The tourism and travel sector worldwide is primarily managed by the private sector, and we recognize its pivotal role in our sector’s development,” he affirmed.
Al-Khateeb also pointed out the substantial impact of the Tourism Development Fund on building the country’s infrastructure.
Launched in June 2020, the fund has already financed over 100 projects totaling SR35 billion, encompassing a mix of small to medium-sized ventures and larger-scale initiatives.
“In Asir (region) alone, the Tourism Development Fund has allocated SR1 billion to 10 projects, reflecting a significant focus on enhancing hospitality offerings in the region,” stated Al-Khateeb, showcasing the Kingdom’s commitment to regional development through strategic investment.
To enhance transparency and support stakeholders, the minister announced the launch of comprehensive tourism statistics on the ministry’s website. “An annual report will provide valuable insights for the media and investors, detailing every statistic and figure relevant to Saudi Arabia’s tourism sector,” he added.
According to the latest data released by the ministry, the total number of tourists reached 109.3 million in 2023, with 81.9 million being local tourists and 27.4 million international visitors.
In terms of economic impact, expenditure by international tourists totaled SR141.2 billion last year, while local tourists spent SR114.4 billion, bringing the total tourism expenditure to SR255.6 billion in 2023.
“We achieved 153 percent growth in tourism compared to 2019. Asir received 8 million tourists last year, who spent around $3 billion,” the minister said.