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º£½ÇÖ±²¥â€™s international tourism revenue soars by 148%, leading G20 nations 

º£½ÇÖ±²¥â€™s international tourism revenue soars by 148%, leading G20 nations 
In 2024, international tourist arrivals surged to 29.7 million, up from 18.04 million in 2016, while domestic travelers nearly doubled to 86.2 million during the same period.  Shutterstock
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Updated 09 May 2025

º£½ÇÖ±²¥â€™s international tourism revenue soars by 148%, leading G20 nations 

º£½ÇÖ±²¥â€™s international tourism revenue soars by 148%, leading G20 nations 

RIYADH: º£½ÇÖ±²¥â€™s tourism sector achieved a historic milestone in 2024, with international tourism revenue surging 148 percent compared to 2019 — the highest growth rate among G20 nations. 

This achievement reflects the success of Vision 2030, which has firmly positioned the Kingdom as a global leader in tourism, entertainment, and innovation.  

The 2024 annual performance report highlighted record-breaking pilgrim numbers, cultural milestones, and major international events, all driven by strategic investments, regulatory reforms, and transformative mega-projects.   

Tourism boom 

Vision 2030 unlocked º£½ÇÖ±²¥â€™s vast tourism potential, establishing it as one of the fastest-growing global destinations. 

In 2024, international tourist arrivals surged to 29.7 million, up from 18.04 million in 2016, while domestic travelers nearly doubled to 86.2 million during the same period.  

Surpassing its target of 100 million visitors seven years ahead of schedule, the Kingdom has now set a bold new goal of attracting 150 million annual tourists by 2030. 

º£½ÇÖ±²¥â€™s tourism strategy is driven by mega-projects aiming to transform the travel and hospitality industry.  

Pioneering projects like The Red Sea — home to carbon-neutral resorts including Shebara, St. Regis, and Ritz-Carlton Nujuma — are redefining sustainable luxury tourism. The adjacent Red Sea International Airport, the region’s first carbon-neutral terminal, strategically connects over 250 million people within a three-hour flight radius. 

In Diriyah, the birthplace of the first Saudi state, 3 million visitors experienced a seamless blend of heritage and hospitality, with developments like the Bab Samhan Hotel offering modern luxury rooted in history. 

Meanwhile, at Qiddiya, major entertainment attractions are nearing completion, with Aquarabia Park 81 percent finished and Six Flags Park 87 percent completed. 

The Kingdom’s global tourism profile continues to rise, with accolades including AlUla being named Best Cultural Tourism Project in the Middle East, Madinah ranking among the world’s top 100 destinations, and the Asir region earning four awards for excellence in culinary and cultural storytelling. 

To enhance accessibility, the Kingdom expanded its e-visa program to 66 countries by 2024, simplifying entry for millions of travelers.  

Additionally, º£½ÇÖ±²¥ has emerged as a global leader in safety, ranking highest among G20 nations in security indicators, further solidifying its reputation as a welcoming and secure destination for international visitors. 

Pilgrimage services 

Serving pilgrims remains a cornerstone of º£½ÇÖ±²¥â€™s responsibilities. Vision 2030 has transformed the Hajj and Umrah experience into a model of efficiency, accessibility, and safety. 

In 2024, the Kingdom welcomed 16.9 million foreign Umrah pilgrims and 1.61 million foreign Hajj pilgrims, reflecting significant growth from 2016 levels. 

Innovations like the Makkah Route Initiative, which fast-tracks visa issuance and pre-clearance in eight countries, served 322,900 pilgrims in 2024 — a rise from just 1,700 in 2017. 

The Nusuk platform played a key role in improving pilgrimage planning, helping achieve an 81 percent satisfaction rate on the Pilgrim Experience Index. Transportation infrastructure, including the Haramain High-Speed Railway, the Makkah Bus Network, and the Al-Mashaer Metro Line, facilitated the movement of 69.5 million passengers between holy sites. 

The Kingdom’s commitment to pilgrims’ well-being is evident in its healthcare services. In 2024, 390,000 pilgrims received medical care, and 40,000 medical staff were mobilized. Adding to that, 189 hospitals, centers, and mobile clinics were deployed, and 28 open-heart surgeries and 720 cardiac catheterizations were performed. 

About 153,000 volunteers supported pilgrimage operations in 2024, up from just 3,352 in 2021, showcasing the growing culture of community service.  

Hosting mega-events  

º£½ÇÖ±²¥â€™s global influence expanded across sports, esports, and entertainment in 2024. 

The Kingdom secured the rights to host the 2034 FIFA World Cup, which will feature 48 national teams competing across 15 stadiums in Riyadh, Jeddah, NEOM, Al Khobar, and Abha. 

The tournament will be backed by 134 training facilities and 230,000 hotel units, contributing to infrastructure development, job creation, and long-term economic impact. 

In the digital realm, º£½ÇÖ±²¥ hosted the inaugural Esports World Cup, the largest tournament of its kind, featuring 1,500 professional players, 500 elite clubs, and 22 competitions. Team Falcons emerged as champions, and the Kingdom further solidified its leadership by winning hosting rights for the Olympic Esports Games.  

Meanwhile, Riyadh Season 2024 drew 19 million visitors, with a total attendance of 76.9 million across 423 entertainment attractions. 

The festival featured top-tier performances, immersive themed zones, and vibrant cultural displays, reinforcing its reputation as a global entertainment event. 

Cultural renaissance 

Vision 2030 has revitalized º£½ÇÖ±²¥â€™s cultural identity, merging ancient heritage with modern creativity. 

The Kingdom now boasts eight UNESCO World Heritage Sites, including the newly listed Al-Faw Archaeological Site, and 16 UNESCO Intangible Cultural Heritage elements celebrating traditions like Arabic calligraphy, Saudi coffee, and falconry.  

Groundbreaking discoveries such as the Bronze Age Village of Al-Natah in AlUla have further illuminated the region’s rich history. 

In arts and entertainment, the critically acclaimed film "Norah" became the first Saudi production selected for the Cannes Film Festival’s official lineup, while the Kingdom’s first Arabic opera, Zarqa Al Yamama, premiered to acclaim.  

The King Salman Global Academy for Arabic Language trained 782 international students, promoting Arabic language and culture across three continents.  

Economic impact 

Tourism is a major driver of º£½ÇÖ±²¥â€™s economic diversification, with sector employment reaching 966,500 workers in 2024, up from 683,000 in 2020. Women now play a critical role, with 112,000 Saudi women employed in tourism, marking a 67 percent increase. 

Investment in the sector has surged from $314.67 million in 2021 to $3.95 billion by the third quarter of 2024, fueling massive infrastructure expansion, including the Kingdom’s hospitality capacity growing to 475,900 hotel rooms. 


Saudi Local Content Authority targets 2k products on mandatory list in 2026 

Saudi Local Content Authority targets 2k products on mandatory list in 2026 
Updated 29 October 2025

Saudi Local Content Authority targets 2k products on mandatory list in 2026 

Saudi Local Content Authority targets 2k products on mandatory list in 2026 

RIYADH: The Saudi Local Content and Government Procurement Authority plans to expand its mandatory list of national products to 2,000 items next year, up from about 1,500 currently, according to its CEO Abdulrahman Al-Samari. 

Speaking to , Al-Samari said the expansion will focus on key sectors such as pharmaceuticals, food, and machinery, and depends on the growth of local industrial capabilities and their ability to meet government demand. 

Established in 2019, the authority aims to raise local content in government procurement and projects from about 30 percent to nearly 50 percent, while expanding the number of products on the mandatory list from just 100 national products at inception to 1,500 today.  

The mandatory list requires government entities to prioritize procurement from suppliers using locally produced goods, thereby promoting domestic industries and supply chains. 

Al-Samari noted that the authority has recently signed its first agreement in the cybersecurity sector with the National Information Technology Co. to localize products such as firewalls and data-leak prevention systems, citing their strategic and security importance.  

He added that localizing these technologies will create added value for the national economy and generate high-quality job opportunities for Saudi citizens.  

The CEO also highlighted partnerships in the pharmaceutical, food, machinery, equipment, and vehicle sectors, noting that work is underway to develop national capabilities in automotive manufacturing.  

According to the authority’s second-quarter 2025 report, the mandatory list currently includes 1,444 national products across 16 sectors. 

Local content is defined as the total spending within º£½ÇÖ±²¥ through the participation of national labor, goods, and services, aimed at maximizing domestic economic impact and keeping value creation within the Kingdom. 


Riyadh Air putting sustainability up front as it scales: CEO 

Riyadh Air putting sustainability up front as it scales: CEO 
Updated 29 October 2025

Riyadh Air putting sustainability up front as it scales: CEO 

Riyadh Air putting sustainability up front as it scales: CEO 

RIYADH: º£½ÇÖ±²¥â€™s newest airline Riyadh Air intends to be a thought leader in environmental sustainability while growing its global reach, its CEO has said.

Speaking to Arab News on the sidelines of the ninth Future Investment Initiative conference in Riyadh, Tony Douglas said that while the industry’s net-zero goal is difficult, the airline will pursue both alternative fuels and near-term operational efficiencies.

This year’s FII conference is taking place in Riyadh from Oct. 27 to 30, and is being held under the theme “The Key to Prosperity: Unlocking New Frontiers of Growth.â€

Riyadh Air, a new Saudi national airline owned by the Public Investment Fund, began operations on Oct. 26 with the successful completion of its first passenger flight from King Khalid International Airport to London Heathrow.

Douglas said: “The net‑zero target that’s out there, given the physics of powered flight, is extremely difficult,†adding: “But we’re absolutely committed to this going forward.â€

Day to day, Riyadh Air will cut waste where it starts, with the CEO pointing to catering as an area to target. Legacy airlines uplift too much food, much of it thrown away. That’s waste and weight, which means more fuel burn and emissions, said Douglas.

To combat this, guests will be able to preorder meals in the concierge app. This trims waste and gives people exactly what they want. 

The brand rests on three pillars: obsessive guest experience, a digital‑native mindset, and leadership on environmental sustainability.

“We’re building a national carrier that connects the Kingdom to the world — and delights every guest along the way,†Douglas said. For him, sustainability sits alongside service and tech, not behind them. A digital‑first approach drives personalization and efficiency — from meal preorders to smoother trip planning.

Operations began with a symbolic start. “We’ll never forget October 26,†Douglas said, recalling the first commercial service. Daily flights to London Heathrow are live, with Dubai next as the network ramps.

Growth will be steady and visible. Completed Boeing aircraft are in certification, with more coming off and entering final assembly each month. The plan is roughly one new jet every month through next year, then two per month. That supports a goal of more than 100 international destinations within five years, setting up Riyadh as a serious global hub.

“Global connectivity is an enabler,†Douglas said. In his view, aviation runs across the Kingdom’s diversification pillars under Vision 2030. The impact is macro and human. The airline expects to support well over 200,000 jobs directly and indirectly as routes open markets, attract investors, and bring tourists.

Service remains the test. “It’s not only what we do — it’s how we do it. We want people to be delighted by our service because the brand is real.†

That ethos extends beyond the cabin. Riyadh Air is launching Sfeer, a lifestyle program rather than a traditional loyalty scheme. Members can pool and pass points with family and friends — even by tapping phones. The aim is simple: more use, less breakage.

Sustainability threads through these choices. Lighter loads, smarter provisioning, and better planning save fuel and cut emissions today, while the fuels partnership targets tomorrow. 

“Solutions will come in all shapes and sizes,†said Douglas. “We intend to be out front.â€

From a standing start to a fast‑scaling national carrier, the message is clear: grow with purpose. Add destinations each month. Ramp the fleet on schedule. Make sustainability part of the experience, not a bolt‑on.

“We’re up and running — and we’re only getting started,†he said.


UAE’s Al-Futtaim commits $2.7bn to º£½ÇÖ±²¥ to support Vision 2030 goals 

UAE’s Al-Futtaim commits $2.7bn to º£½ÇÖ±²¥ to support Vision 2030 goals 
Updated 29 October 2025

UAE’s Al-Futtaim commits $2.7bn to º£½ÇÖ±²¥ to support Vision 2030 goals 

UAE’s Al-Futtaim commits $2.7bn to º£½ÇÖ±²¥ to support Vision 2030 goals 

RIYADH: UAE-based conglomerate Al-Futtaim has committed SR10 billion ($2.6 billion) in new investments over the next three years in º£½ÇÖ±²¥, reinforcing its long-term partnership with the Kingdom. 

The announcement, made at the Future Investment Initiative conference in Riyadh, highlights the group’s focus on localization, talent development, and diversified economic growth, the company said in a press release. 

The new commitment builds on Al-Futtaim’s existing SR5 billion investments in º£½ÇÖ±²¥ and is projected to create more than 1,000 jobs. 

The conglomerate’s commitment is part of the broader wave of strategic investments being unveiled at the FII, a platform that has facilitated more than $250 billion in deals since its inception less than a decade ago. 

Marwan Shehahdeh, group director, corporate development at Al-Futtaim, said: “º£½ÇÖ±²¥â€™s Vision 2030 demands an approach that goes beyond mere deployment of capital. It requires partners who bring operational expertise, regional experience, and a genuine commitment to building from within.†

He added: “Our SR10 billion pledge is a tangible expression of our confidence in the Kingdom’s potential and our readiness to actively contribute to its economic diversification and innovation agenda.† 

In September, Al-Futtaim acquired a 49.95 percent stake in º£½ÇÖ±²¥â€™s Cenomi Retail in a $689 million deal. 

The partnership aims to develop omnichannel, AI-driven, and customer-centric retail experiences, expanding access to international brands and elevating the consumer landscape in º£½ÇÖ±²¥. 

Through its insurance arm, Orient Insurance, the group is supporting financial sector resilience and economic inclusion by offering customer-focused insurance and financing solutions. 

Al-Futtaim is also expanding its real estate portfolio to contribute to º£½ÇÖ±²¥â€™s urban transformation, creating integrated developments that foster community connectivity and enhance quality of life. 

“Our strategic investments are a commitment to fostering a dynamic ecosystem where innovation flourishes, local talent excels, and º£½ÇÖ±²¥â€™s Vision 2030 is realized through collaborative effort,†Shehahdeh added. 


Saudi economy minister projects 5.1% real GDP growth for 2025

Saudi economy minister projects 5.1% real GDP growth for 2025
Updated 29 October 2025

Saudi economy minister projects 5.1% real GDP growth for 2025

Saudi economy minister projects 5.1% real GDP growth for 2025

RIYADH: º£½ÇÖ±²¥â€™s Minister of Economy and Planning Faisal Alibrahim has projected the Kingdom’s real gross domestic product to expand by 5.1 percent in 2025, supported by continued momentum in the non-oil sector as the country advances its diversification agenda,

Speaking on a panel at the Future Investment Initiative conference in Riyadh on Wednesday, Alibrahim said: “We forecast to close the year in terms of total real GDP growth at around 5.1 percent, and for non-oil GDP around 3.8 percent.â€

He emphasized that the Kingdom’s ongoing transformation is a long-term restructuring journey aimed at reducing reliance on hydrocarbons and creating a more resilient, productivity-driven economy.

“We are prioritizing diversifying our economy away from having to rely on oil, to become a more resilient economy that witnesses sustainable growth driven by productivity, not just by natural resources,†the minister added.

He also highlighted initiatives aimed at empowering entrepreneurs and small businesses as vital drivers of GDP growth and higher-quality economic expansion, emphasizing their role in generating high-value jobs and attracting global talent to strengthen the local workforce.

According to the Ministry of Finance, real GDP growth is expected to reach 4.4 percent in 2025 and 4.6 percent in 2026, both underpinned by the steady expansion of non-oil activities.

Earlier this month, the International Monetary Fund raised its forecast for º£½ÇÖ±²¥â€™s 2025 economic growth to 4 percent, citing higher oil output and improving global demand.

The Kingdom is currently undergoing a sweeping economic transformation under Vision 2030, the national strategy launched by Crown Prince Mohammed bin Salman to strengthen non-oil industries, attract foreign investment, and enhance fiscal sustainability.

Government ministers have repeatedly described Vision 2030 as the country’s “north star,†guiding efforts to achieve balanced, long-term growth beyond the oil economy.


Humain partners with AirTrunk for $3bn data center investment in º£½ÇÖ±²¥

Humain partners with AirTrunk for $3bn data center investment in º£½ÇÖ±²¥
Updated 29 October 2025

Humain partners with AirTrunk for $3bn data center investment in º£½ÇÖ±²¥

Humain partners with AirTrunk for $3bn data center investment in º£½ÇÖ±²¥

RIYADH: Artificial intelligence company Humain has reached an agreement with AirTrunk that will see a $3 billion investment for a data center campus in º£½ÇÖ±²¥.

The Public Investment Fund-owned firm will work with the Asia-Pacific company, which is backed by the world’s largest alternative asset manager Blackstone and Canada Pension Plan Investment Board.

Under the deal, Humain will lead º£½ÇÖ±²¥â€™s efforts to deliver large-scale AI-ready infrastructure, while Blackstone and AirTrunk will bring global expertise, operational excellence and investment capacity. 

The deal aligns with Humain’s mandate to position the Kingdom as a global leader in artificial intelligence and reinforces its commitment to building best-in-class digital and AI infrastructure.

“Together with AirTrunk and Blackstone, Humain is strengthening the technological infrastructure that underpins the Kingdom’s digital economy,†said Tareq Amin, CEO of Humain. 

Amin further said that this partnership also marks a pivotal moment in creating scalable, secure, and sustainable data center capacity to support the rapid growth of AI and cloud computing in º£½ÇÖ±²¥. 

“This initiative not only accelerates º£½ÇÖ±²¥â€™s technological advancement but also establishes a platform for long-term economic diversification and global competitiveness,†added Amin. 

Under the scope of the partnership, both Humain and AirTrunk will cooperate across several key areas, including data center design, construction, and operation; financing through equity and debt; and go-to-market initiatives to attract hyperscalers and enterprise clients.

The partnership will also focus on developing local talent and capabilities, supporting º£½ÇÖ±²¥â€™s ambition to build a globally competitive and sustainable digital ecosystem.

“Our strategic partnership with Humain, a key player in the region, will support º£½ÇÖ±²¥ to realize its vision of being a data- and AI-driven economy,†said Robin Khuda, founder and CEO at AirTrunk. 

He added: “This announcement strengthens the AirTrunk data center platform as we deliver world-class digital infrastructure for the cloud and AI across the Asia Pacific and now the Middle East, which is one of the fastest growing regions in the world.†

Stephen Schwarzman, chairman, CEO and co-founder of Blackstone, said that the company continues to bring scale and expertise across the AI ecosystem as the largest provider of data centers globally and a significant investor in related services and infrastructure.

Schwarzman added: “This initiative reinforces Blackstone’s position as one of the world’s leading investors in digital infrastructure and marks a commitment to deepening our presence in the Middle East.â€