海角直播

海角直播鈥檚 domestic tourism thrives as Eid travel peaks

海角直播鈥檚 domestic tourism thrives as Eid travel peaks
Domestic travel has surged in recent years, with Eid Al-Fitr becoming a peak period for local tourism. Shutterstock.
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Updated 30 March 2025

海角直播鈥檚 domestic tourism thrives as Eid travel peaks

海角直播鈥檚 domestic tourism thrives as Eid travel peaks

RIYADH: 海角直播鈥檚 domestic tourism sector is experiencing a sharp rise in travel during Eid Al-Fitr, injecting fresh momentum into the hospitality industry. A growing preference for local destinations is reshaping the market as residents seek immersive experiences within the nation鈥檚 tourism landscape.

The Kingdom saw a 45 percent rise in domestic flight bookings in 2024, driven by expanding tourism offerings and greater connectivity through low-cost carriers, according to Almosafer鈥檚 latest travel trend report released in January.

Domestic travel has surged in recent years, with Eid Al-Fitr becoming a peak period for local tourism, said Nicolas Mayer, PwC Middle East partner and global tourism industry lead. He noted that domestic flight bookings rose 45 percent year-on-year in 2024, highlighting a growing preference for local exploration.

鈥淭here are a few key reasons behind this shift. First, the Kingdom has made huge strides in improving its tourism offerings. With more affordable flight options due to low-cost carriers, travel has become a lot more accessible,鈥 Mayer said.

The report showed a 39 percent increase in domestic room night bookings, while combined local flight and hotel reservations accounted for over 40 percent of the travel market, up 11 percent year-on-year.

The surge in domestic travel is fueled by a broader range of destinations, accommodations, and experiences attracting leisure visitors. Family and group travel have been major drivers, with bookings in these segments soaring over 70 percent.

海角直播鈥檚 mega-projects, including NEOM, a futuristic city on the Red Sea, and The Red Sea Project, which focuses on luxury and eco-tourism, further fuel domestic tourism growth. Cultural landmarks like AlUla, known for its ancient Nabatean heritage, and Diriyah, the birthplace of the Saudi state, are undergoing significant restoration to offer visitors rich historical and cultural experiences.

鈥淓id Al-Fitr is a special time for families and culture, and it encourages travel and experiencing something new. There are so many great options for people to celebrate within the Kingdom 鈥 it鈥檚 a great opportunity to discover 海角直播鈥檚 rich culture and hidden gems right here at home,鈥 he added.

Mayer pointed to 海角直播鈥檚 massive investment in tourism infrastructure under Vision 2030, which is making it easier for residents to explore new destinations.

The Kingdom鈥檚 Minister of Tourism Ahmed Al-Khateeb recently said that the nation鈥檚 tourism accommodation is expected to double over the next decade. The country currently has around 400,000 guest rooms, projected to reach 800,000 by 2030. Al-Khateeb reiterated 海角直播鈥檚 goal of becoming one of the world鈥檚 top seven tourism destinations by the end of the decade.

At King Abdullah University of Science and Technology, officials have observed a significant rise in family and group bookings, which have grown over 70 percent across key traveler segments.

Nour El-Shikh, media and public relations specialist in global branding and communications at KAUST, said travel groups are gravitating toward destinations that offer distinctive events and experiences.

鈥淲hile major cities like Makkah, Riyadh, and Jeddah remain popular, emerging spots like Abha, Al Jubail, Jizan, Tabuk, and Hail are drawing increased attention for their unique landscapes and activities,鈥 El-Shikh said.

AlUla, a UNESCO-listed site, has also gained traction as a premier domestic and international destination, a sign of 海角直播鈥檚 continued investment in diversifying its tourism appeal.

鈥淭his has fostered a renewed appreciation for the Kingdom鈥檚 rich cultural heritage and natural beauty. The combination of improved infrastructure, increased accessibility, and a growing emphasis on family-oriented activities has made exploring local destinations more appealing than ever,鈥 El-Shikh added.

The Haramain Train, which connects Madinah, Jeddah, and Makkah, is another example of how 海角直播 is reducing car traffic and improving access to Islam鈥檚 two holiest cities, she added.




Nicolas Mayer, PwC Middle East partner, global tourism industry lead. Supplied.聽

Hotels, resorts adapt to demand

With the surge in domestic travelers, 海角直播鈥檚 hospitality sector is evolving to cater to changing preferences. Mayer pointed out that hotels and resorts are focusing on personalized experiences rather than simply increasing room capacity.

鈥淭ake Eid, for example. It鈥檚 a time when families want to be together, enjoy traditions, and make memories. Operators are catching on to that and offering packages and programs that feel more meaningful 鈥 whether it鈥檚 culturally inspired dining, kids鈥 activities, or even small touches that reflect the spirit of the holiday,鈥 he said.

The demand for alternative accommodations is also growing, with vacation rentals, villas, and hotel apartments gaining popularity, particularly among families. Meanwhile, digital innovation is playing a critical role in enhancing the travel experience.

鈥淚f the booking process isn鈥檛 smooth or the service isn鈥檛 responsive, people notice. Tech isn鈥檛 a nice-to-have anymore 鈥 it鈥檚 expected,鈥 Mayer added.

El-Shikh echoed this sentiment, emphasizing that many establishments are expanding and renovating to accommodate larger groups. 鈥淭hey are also introducing special Eid packages with family activities, cultural events, and traditional culinary experiences,鈥 she said.

Mobile apps, virtual tours, and seamless payment methods such as Apple Pay and buy now, pay later options are also shaping consumer behavior. Sustainability and eco-friendly practices are becoming a priority, aligning with modern travelers鈥 values.

Future of domestic tourism

海角直播鈥檚 domestic tourism market is set for further transformation, driven by technology and evolving consumer expectations. Mayer expects a rising demand for personalized, culturally immersive, and seamless experiences.

鈥淥n the business side, I鈥檓 seeing a lot of energy going into creating more curated, tech-enabled journeys. Travelers expect smooth bookings, helpful digital tools, and recommendations that feel relevant. It鈥檚 no longer about just having a website or an app 鈥 it鈥檚 about using tech to anticipate what people want before they even ask,鈥 he said.

The expansion of tourism beyond the well-known urban centers is also unlocking new opportunities. 鈥淢ore regions across the Kingdom are starting to offer these kinds of experiences. We鈥檙e moving beyond the well-known cities, and that鈥檚 opening up a whole new set of opportunities for domestic tourism,鈥 Mayer added.

El-Shikh highlighted a growing trend toward experiential travel, where visitors seek immersive cultural experiences. 鈥淪takeholders are developing unique offerings that highlight the Kingdom鈥檚 diverse heritage and natural landscapes,鈥 she said.

New infrastructure fuels demand

The Kingdom鈥檚 infrastructure expansion is proving to be a game-changer for domestic tourism. Mayer noted that investments in roads, airports, and public transport are making once-remote destinations more accessible.

鈥淚t鈥檚 not just about building new airports or roads 鈥 it鈥檚 about opening new areas of the country that people might not have explored before,鈥 he said.

Businesses are capitalizing on this momentum by designing experiences tied to local culture. 鈥淎round Eid especially, we see more businesses take advantage of that momentum. They鈥檙e creating experiences that feel connected to a place 鈥 whether it鈥檚 a cultural festival, a family-friendly activity, or a beautifully restored heritage site that tells a local story. These touchpoints resonate with travelers because it鈥檚 not just leisure 鈥 it鈥檚 personal,鈥 Mayer explained.

El-Shikh added that in-destination activities such as guided tours, adventure sports, and cultural experiences are central to travel, enhancing engagement with local communities. 鈥淏y collaborating with local artisans, cultural institutions, and heritage sites, tourism businesses are creating unique experiences that resonate with residents and encourage them to appreciate their own cultural heritage,鈥 she said.

As 海角直播 continues to develop its tourism sector, a rising emphasis on domestic travel is expected to fuel sustained growth, further embedding Eid Al-Fitr as a cornerstone of the Kingdom鈥檚 evolving travel landscape.


Closing Bell: Saudi main index slips 1.15% to close at 10,591

Closing Bell: Saudi main index slips 1.15% to close at 10,591
Updated 18 June 2025

Closing Bell: Saudi main index slips 1.15% to close at 10,591

Closing Bell: Saudi main index slips 1.15% to close at 10,591
  • MSCI Tadawul Index decreased by 11.84 points to close at 1,366.6
  • Parallel market Nomu lost 254.4 points to end at 26,203.84 points

RIYADH: 海角直播鈥檚 Tadawul All Share Index declined on Wednesday by 122.69 points, or 1.15 percent, to end at 10,591.13.

Total trading turnover of the benchmark index was SR6.22 billion ($1.66 billion), with 18 stocks advancing and 231 declining. 

The MSCI Tadawul Index also decreased by 11.84 points, or 0.86 percent, to close at 1,366.6

The Kingdom鈥檚 parallel market, Nomu, reported drops, losing 254.4 points, or 0.96 percent, to close at 26,203.84 points. This comes as 30 stocks advanced while as many as 55 retreated. 

Among the top gainers, BAAN Holding Group Co. rose 1.6 percent to SR36.85, while Advanced Petrochemical Co. added 1.26 percent to end at SR28.1. 

Dallah Healthcare Co. and Naseej International Trading Co. gained 1.05 percent and 0.94 percent, respectively, closing at SR115.4 and SR74.90.

Saudi Tadawul Group Holding Co. also rose 0.87 percent to close at SR162.

Among the worst performers, National Co. for Learning and Education led losses with a decline of 7.53 percent to close at SR140.

Saudi Marketing Co. followed, shedding 7.04 percent to settle at SR15.32, while Ataa Educational Co. fell 5.85 percent to SR61.20. 

Arabian Pipes Co. ended the session down 5.46 percent at SR5.54, and Saudi Reinsurance Co. edged 5.13 percent lower to SR42.55.

On the announcements front, Saudi National Bank announced its intention to fully redeem its SR4.2 billion Tier-1 capital sukuk at face value on June 30, marking the fifth anniversary of its issuance.

The sukuk, which was issued on June 30, 2020, with a total value of SR4.2 billion, will be redeemed at 100 percent of the issue price in accordance with its terms and conditions.

The bank confirmed that all necessary regulatory approvals for the redemption have already been obtained.

SNB closed Wednesday鈥檚 session 0.43 percent lower to reach SR34.35.

海角直播鈥檚 low-cost carrier flynas made its stock market debut, opening at SR77.50 and climbing to SR84.10 before retreating to a low of SR69.90. The stock closed at SR77.30, 3 percent below its IPO price of SR80.


海角直播 ranks 17th globally in competitiveness index as it outshines economic heavyweights聽

海角直播 ranks 17th globally in competitiveness index as it outshines economic heavyweights聽
Updated 18 June 2025

海角直播 ranks 17th globally in competitiveness index as it outshines economic heavyweights聽

海角直播 ranks 17th globally in competitiveness index as it outshines economic heavyweights聽
  • Listing driven by strong governance, infrastructure upgrades, diversification, and regulatory reforms
  • Kingdom placed behind China in 16th and ahead of Australia in 18th place

JEDDAH: 海角直播 has maintained its spot in the top 20 of the World Competitiveness Ranking, ahead of global heavyweights like the UK, Germany and France.

The Kingdom secured 17th position on the list, driven by strong governance, infrastructure upgrades, diversification, and regulatory reforms.

Issued by the International Institute for Management Development鈥檚 World Competitiveness Center, the ranking is widely recognized as a benchmark for evaluating how effectively countries utilize their resources to drive long-term economic growth. 

海角直播 was placed just behind China in 16th and ahead of Australia in 18th place. 

Although this marks a slight drop from 16th in 2024, 海角直播鈥檚 2025 ranking represents a significant improvement from 32nd in 2023 and 24th in 2022, underscoring its rising economic stature.

Infrastructure continues to show marked improvement. Basic infrastructure ranks seventh globally with a score of 67.6, up two positions. File/SPA

As part of Vision 2030, 海角直播 launched the National Competitiveness Center in 2019, with the organization now working with 65 government bodies to drive reforms centered on productivity, sustainability, inclusiveness, and resilience.

According to the World Competitiveness Center, the Kingdom needs to 鈥渃ontinue efforts to promote renewable energy and reduce carbon emissions鈥 and 鈥渃arry on enhancing overall competitiveness across multiple pillars.鈥

Improvement will also come if 海角直播 continues to 鈥渋nvest even more in human capital development across all economic sectors鈥 and push ahead with 鈥渙ngoing government endeavors to achieve the targets in the Saudi 2030 vision.鈥

The IMD report is one of the world鈥檚 most comprehensive competitiveness benchmarks, evaluating 69 countries across four pillars: economic performance, government efficiency, business efficiency, and infrastructure.

The ranking shows that GCC countries continue to demonstrate their growing economic strength and regional importance, with the UAE leading the group, securing fifth place globally, reflecting its diversified economy and strategic initiatives to attract investment.

Qatar follows in ninth place, supported by substantial infrastructure development and robust financial resources.

Bahrain was ranked 22, Oman came in at 28, and Kuwait was placed at 36, showing steady progress through structural reforms and sectoral investment despite ongoing challenges.

These rankings underscore the GCC鈥檚 ambition to strengthen global economic resilience and competitiveness.

Switzerland, Singapore, and Hong Kong lead the ranking, while Canada, Germany, and Luxembourg saw the most notable improvements among the top 20 economies.

Saudi focus

According to the IMD, 海角直播 has made progress in several key economic areas, although some aspects still require improvement.

On the economic performance indicator, the Kingdom ranks 17th globally with a score of 62.3. Its domestic economy scored 59.2, placing it 25th worldwide, an improvement of six positions from the previous year.

海角直播 ranked 12th globally in business efficiency with a strong score of 81.4. Shutterstock

International trade advanced three places to 29th with a score of 56.0, while global investment climbed four spots to 16th with a score of 57.8, signaling increased investor confidence.

However, the employment sector declined slightly, dropping three positions to 29th with a score of 55.6. 

Inflationary pressures impacted the prices indicator, which fell eight places to 19th despite maintaining a relatively strong score of 60.7.

These mixed results reflect 海角直播鈥檚 ongoing efforts to strike a balance between growth and economic stability amid global and domestic challenges.

Public finance indicators remain solid, with a score of 69.5, placing the Kingdom 13th globally, despite a modest three-position drop.

Tax policy holds steady at 67.6 points and 12th place, with a similar three-rank decline. The institutional framework experienced a more pronounced decline, dropping seven places to 27th with a score of 58.6, indicating potential areas for reform.

In contrast, business legislation improved, rising two places to 13th with a score of 67.6, indicating regulatory progress. The societal framework remains a key challenge, ranking 55th with a score of 44.2, representing a nine-position decline, which highlights the need for continued social and structural development to support economic goals.

海角直播 ranked 12th globally in business efficiency with a strong score of 81.4. Productivity and efficiency showed further strength, scoring 66 and placing the Kingdom 15th, up six spots.

The labor market remains a key strength, ranking 9th despite a four-place drop, with a score of 64.2. The finance sector gained three ranks to 19th with 63.4 points, while management practices rose to 17th with a score of 64.

Attitudes and values remain a significant national asset, ranking third globally with a score of 81.6, reflecting a strong culture of resilience and ambition.

Infrastructure continues to show marked improvement. Basic infrastructure ranks seventh globally with a score of 67.6, up two positions. Technological infrastructure rose 10 places to 23rd with a score of 59.5, and scientific infrastructure improved nine spots to 29th with a score of 52.1.

Health and environment indicators gained slightly, moving up one place to 47th with a score of 47.5. Education declined marginally, down one position to 39th with a score of 55.4, signaling an area for continued focus.


Riyadh Air to launch new destination every 2 months as 787 deliveries near

Riyadh Air to launch new destination every 2 months as 787 deliveries near
Updated 18 June 2025

Riyadh Air to launch new destination every 2 months as 787 deliveries near

Riyadh Air to launch new destination every 2 months as 787 deliveries near
  • Carrier is awaiting delivery of its initial aircraft to commence services
  • Riyadh Air secured necessary landing slots for its first destinations

RIYADH: 海角直播鈥檚 Riyadh Air is gearing up to introduce a new international destination every two months once it begins operations, as the carrier prepares to receive its first Boeing 787 aircraft. 

Riyadh Air, fully owned by the Public Investment Fund, is awaiting delivery of its initial aircraft to commence services, according to CEO Tony Douglas. 

Speaking to Bloomberg, he said the airline requires two jets to initiate a round-trip route to each new destination, adding that the Saudi carrier aims to connect to 100 cities by 2030 as part of its long-term growth strategy. 

This aligns with the Kingdom鈥檚 National Aviation Strategy, which targets doubling passenger capacity to 330 million annually from over 250 global destinations and increasing cargo handling to 4.5 million tonnes by 2030. 

The carrier currently has four Boeing 787 Dreamliners in different stages of assembly at Boeing鈥檚 facility in Charleston, South Carolina. Operations are expected to begin once the first two aircraft have been delivered. 

Riyadh Air had initially planned to launch services in early 2025, but delays in aircraft handovers from Boeing have pushed back the timeline. 

鈥淭he fact that these are in production probably brings my blood pressure down,鈥 Douglas said. 鈥淚 will actually not believe they have been delivered until the day after they have been delivered.鈥 

Douglas also said Riyadh Air has secured the necessary landing slots for its first destinations, though he did not disclose which cities. 

At the Paris Air Show this week, the airline announced an order for up to 50 Airbus A350 long-range jets, with deliveries expected to begin in 2030. 

Riyadh Air has also placed orders for 60 Airbus A321neo narrowbody aircraft and as many as 72 Boeing 787s, including options. 

Commenting on the Airbus order, Douglas said the decision was based on the aircraft鈥檚 capabilities and favorable commercial terms when compared with Boeing鈥檚 777X model. 鈥淚t was a very close call,鈥 he said. 

The airline鈥檚 growth strategy reflects the Kingdom鈥檚 ambition to transform Riyadh into a global travel hub and position 海角直播 as a major player in international aviation. 

Riyadh Air aims to contribute to the broader Vision 2030 goals by enhancing connectivity and promoting tourism across the Kingdom. 


Saudi-based TIME Entertainment makes Nomu market debut

Saudi-based TIME Entertainment makes Nomu market debut
Updated 18 June 2025

Saudi-based TIME Entertainment makes Nomu market debut

Saudi-based TIME Entertainment makes Nomu market debut
  • Listing underscores company鈥檚 maturity and readiness for future expansion
  • TIME Entertainment specializes in producing large-scale live events across various sectors

RIYADH: TIME Entertainment Co., a Saudi-based full-service live events and experiences management company, has officially begun trading on the Nomu parallel market, marking a significant step in its growth trajectory.

Chairwoman Ameera Al-Taweel described the listing as a strategic milestone that underscores the company鈥檚 maturity and readiness for future expansion.

TIME鈥檚 listing comes as part of broader efforts by 海角直播 to expand investor participation in the Nomu market. In 2024 alone, Nomu has seen 28 IPOs and three direct listings, raising about SR1.1 billion ($293 million).

鈥淲e have built a Saudi business model within the live events sector that meets global standards. The events sector is vast and diverse. Our experience represents a successful model that has been built based on a global vision, capped with a Saudi identity, and is distinguished by specializing in producing and organizing major live events managed by a multi-skilled team of some of the best events professionals globally.鈥 Al-Taweel said in a statement. 

Al-Taweel also highlighted the company鈥檚 role as a trusted partner to government, semi-government, and private sector clients. 鈥淲e believe that we represent a national choice that executes major global events and constantly works,鈥 she added.

CEO Obada Awad said the company is guided by a strategy rooted in sustainable growth and market responsiveness.

鈥淲e also place significant emphasis on sustainable operational improvement and diligent work to develop and launch premium and quality services that add real value to the market,鈥 he said.

TIME Entertainment specializes in producing large-scale live events across sectors such as sports, entertainment, culture, tourism, and conferences. It offers end-to-end production and management services, in addition to creative and consultancy expertise.

The company is also focused on crafting distinctive narratives grounded in Saudi culture and heritage, with the aim of sharing them with global audiences. Its goal is to deliver innovative, artistically rich, and high-quality experiences.

海角直播鈥檚 entertainment sector is rapidly emerging as a key pillar of the Kingdom鈥檚 economic diversification agenda. As the country moves away from its traditional reliance on oil, strengthening the entertainment industry is seen as critical to driving growth across multiple sectors.

A recent report by consultancy AlixPartners found that 33 percent of Saudi consumers plan to increase spending on out-of-home entertainment 鈥 well above the global average of 19 percent 鈥 highlighting strong local demand.


海角直播, France discuss $2.6bn aviation sector investment potential amid flurry of deals

海角直播, France discuss $2.6bn aviation sector investment potential amid flurry of deals
Updated 18 June 2025

海角直播, France discuss $2.6bn aviation sector investment potential amid flurry of deals

海角直播, France discuss $2.6bn aviation sector investment potential amid flurry of deals
  • Deals covered聽strengthening ground support capabilities, localizing technology, and advancing workforce training
  • Saudi firm Cluster2 Airports signed MoU with Airbus to deploy advanced digital solutions

RIYADH: Investment opportunities worth more than SR10 billion ($2.6 billion) were set out at a high-level Saudi-French meeting amid a flurry of deals aimed at strengthening the aviation sector.

Airport infrastructure, air navigation, and advanced technologies were among the areas flagged up as available for investment during a roundtable held on the sidelines of the 55th Paris Air Show.

The agreements signed covered strengthening ground support capabilities, localizing technology, and advancing workforce training, and involved Saudi Ground Services Co., France鈥檚 Alvest Group, and Arabian Alvest Equipment Maintenance Co., the Saudi Press Agency reported. 

The deals come as 海角直播 and France deepen economic ties, with non-oil trade exceeding SR20 billion ($5.33 billion) in 2024. The relationship was reinforced during President Emmanuel Macron鈥檚 December visit, where both sides endorsed a strategic partnership roadmap and signed a memorandum of understanding to establish a Strategic Partnership Council. 

The roundtable was chaired by Abdulaziz bin Abdullah Al-Duailej, president of the General Authority of Civil Aviation, and brought together more than 65 Saudi and French public and private sector entities, including CEOs, aviation safety officials, and specialists across airports, services, and infrastructure. 

鈥淭he meeting highlighted the Kingdom鈥檚 Vision 2030 objectives to achieve economic diversification, and its keen interest in empowering the private sector and building global industrial partnerships,鈥 the SPA report stated. 

It added: 鈥淭he meeting also highlighted the National Aviation Strategy and its focus on developing the aviation industry, making it a top priority sector.鈥 

Saudi Ground Services Co.鈥檚 MoU with Alvest Group and Arabian Alvest Equipment Services Co. involves localizing smart, eco-friendly technologies for ground equipment, along with all related maintenance and technical support services. A separate MoU with the same partners was signed to offer training programs and an accredited diploma in technical services and ground equipment maintenance. 

The discussions also explored future challenges in global aviation, emphasizing the need for joint strategic efforts in innovation, sustainability, and infrastructure development. 

Also at the Paris Air Show, Saudi firm Cluster2 Airports signed an MoU with Airbus to deploy advanced digital solutions aimed at improving operational efficiency, security, and integration across all airports under its network.

The partnership includes the introduction of smart technologies such as Airbus鈥 Agnet Turnaround platform, an advanced system that enables real-time coordination of airport ground operations. 

The latest agreements support the National Aviation Strategy, under which the Kingdom aims to expand capacity to 330 million passengers and 4.5 million tonnes of cargo annually by 2030, connecting to over 250 global destinations.