Saudi expects 150% growth in inbound tourism in Q2, says Tourism Board CEO

Saudi Tourism Board CEO Fahd Hamidaddin said the Kingdom expects the second-quarter of 2022 results to reach 150 percent. (File)
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Updated 27 April 2022
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Saudi expects 150% growth in inbound tourism in Q2, says Tourism Board CEO

MANILA: Inbound tourists to Saudi Arabia were 72 percent of the pre-pandemic levels, outperforming any other country by the end of last year, revealed Saudi Tourism Board CEO Fahd Hamidaddin to the Indian news agency PTI.

Talking on the sidelines of the World Travel and Tourism Council Global Summit in Manila, he said the Kingdom expects the second-quarter of 2022 results to reach 150 percent. 

India remains a key source market

As Saudi Arabia aims to increase the number of inbound tourists, it looks to drive more travelers from India, which has been one of its key source markets. 

Hamidaddin feels India is definitely a key market for Saudi, with the government also addressing the issue of accessibility with visas and air connectivity for leisure, business and religious travel.

“Our focus is on air carriers. We want to develop routes from India and grow these routes. We want to promote the destinations with our trade partners from India,” he said.

As pilgrims remain the biggest contributor to Saudi’s inbound tourist numbers, Hamidaddin emphasized that the government is taking measures to make Umrah more accessible, and affordable for travelers from the Muslim world.

“There are people who come to Saudi historically, the Muslims. We are trying to make it a lot easier as far as access is concerned. The message is that we welcome everyone,” asserted Hamidaddin.

He said that Saudi Arabia is currently going through an amazing transformation with tourism at the forefront.


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.