Saudi Arabian tourism could benefit from FIFA World Cup, says deputy minister

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Updated 10 June 2022
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Saudi Arabian tourism could benefit from FIFA World Cup, says deputy minister

JEDDAH: The FIFA World Cup being held in Qatar can give a boost to Saudi tourism, according to Mahmoud Abdulhadi, the Kingdom’s deputy minister for investment attraction.

The tournament, set to kick-off on Nov. 21, is being held close to the Al-Ahsa region of Saudi Arabia, and Abdulhadi is confident this will encourage foreign travelers to explore tourist destinations in the Kingdom.

“The World Cup is coming and we plan to have some people stay in the Kingdom,”Abdulhadi told Arab News in an exclusive interview on the sidelines of the 116th Executive Council of the UNWTO.  

“If you'd like to go, see the matches and then come back…they (can) anchor their stay around key destinations within the Kingdom and one of them is Al-Ahsa, due to its proximity to Qatar.”  

The deputy minister added that significant hotel operators in the Kingdom will dramatically increase the number of room keys by 2025, as the Kingdom is steadily progressing toward achieving the goals outlined in Vision 2030.

“The major global operators will dramatically increase the number of room keys that we have in the Kingdom. We are looking at over 50,000 room keys entering the market by 2025. This is a major achievement,” he added.

He noted that the future tourism sector in Saudi Arabia will be a blend of domestic and international investments, as the country aims to be among the top five global tourism destinations by the end of this decade. 

He further made it clear that people are conservative regarding cross-border investments in the aftermath of the pandemic.

He, however, clarified that the Kingdom is emerging as a destination that attracts foreign investments.

“Post pandemic, people are a little bit more conservative internationally in terms of cross border investment. But we are proving to be a destination attracting quite a decent amount of interest. And now we’re working on converting that interest into actual investments,” Abdulhadi told Arab News.

He further noted: “Within the Kingdom, we have been very focused on making sure that we are building the right ecosystem to attract the right amount of investment and reforming it in a way that is beneficial from a visitor and investor experience perspective.”

Abdulhadi added that the private sector drives the global tourism sector. He expects a similar transformation in the Kingdom, where large private entities and small and medium-sized enterprises also get a chance to contribute their part to the tourism industry.

“We want to move from what we have today, at least within the Kingdom where the private sector runs the tourism sector, on its own two feet. So we are keen on large private sector investment to come in. But we’re also cognizant that the whole sector is built on small and medium-sized enterprises,” added Abdulhadi.

Reaffirming the goals outlined in Vision 2030, Abdulhadi added that the Kingdom aims to generate 10 percent of the gross domestic product from the tourism sector.

He also confirmed that the Kingdom wants to attract over 100 million visitors by the end of this decade and create an additional 1 million jobs in the sector.


Egypt-born Dina Powell McCormick appointed Meta president and vice chairman

Updated 13 January 2026
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Egypt-born Dina Powell McCormick appointed Meta president and vice chairman

  • The former Goldman Sachs partner and White House official previously served on Meta’s board of directors
  • Powell McCormick, who was born in Cairo and moved to the US as a child, joins the management team and will help guide overall strategy and execution

LONDON: Meta has appointed Egypt-born Dina Powell McCormick as its new president and vice chairman.

The company said on Monday that the former Goldman Sachs partner and White House official, who previously served on Meta’s board of directors, is stepping up into a senior leadership role as the company accelerates its push into artificial intelligence and global infrastructure.

Powell McCormick, who was born in Cairo and moved to the US as a young girl, will join the management team and help guide its overall strategy and execution. She will work closely with Meta’s Compute and infrastructure teams, the company said, overseeing multi-billion-dollar investments in data centers, energy systems and global connectivity, while building new strategic capital partnerships.

“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s president and vice chairman,” Meta founder and CEO Mark Zuckerberg said.

Powell McCormick has more than 25 years of experience in finance, national security and economic development. She spent 16 years as a partner at Goldman Sachs in senior leadership roles, and served two US presidents, including stints as deputy national security adviser to Donald Trump, and a senior State Department official under George W. Bush.

Most recently, she was vice chair and president of global client services at merchant bank BDT & MSD Partners.