Riyadh to be capital of global tourism industry: Tourism Minister

Saudi Arabia’s Tourism Minister Ahmed Al-Khateeb said, "Saudi Arabia achieved a historical number this year in terms of the number of visitors.” (Supplied)
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Updated 26 October 2022
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Riyadh to be capital of global tourism industry: Tourism Minister

RIYADH: Riyadh is set to become the capital of the global tourism industry as the Kingdom steadily diversifies its economy in line with the goals set out in Saudi Arabia's Vision 2030 strategy, Saudi Arabia’s Tourism Minister Ahmed Al-Khateeb said. 

Speaking at the Future Investment Initiative in Riyadh on Oct. 25, Al-Khateeb said in order to give incoming travelers the best experience possible, the nation is building spectacular destinations which will operate in a sustainable manner. 

“We have the vision, we put the plan, and we put all the resources, especially the financial resources to deliver the plan,” said Al-Khateeb. 

Al-Khateeb further noted Saudi Arabia’s tourism sector is strongly rebounding after the pandemic. 

“We recovered about 60 percent versus pre-pandemic. People have started to travel. Saudi Arabia achieved a historical number this year in terms of the number of visitors,” said Al-Khateeb. 

He added: “We are almost half way to delivering our plan, we’re achieving many successes. We will see more destinations in the near future that will put Saudi Arabia at the top.” 

Despite the World Bank’s prediction of a global slowdown, Al-Khateeb noted that the tourism industry will not face any negative effects, and predicted that the number of arrivals to Saudi Arabia will soar by 300 percent and the spending in the sector will grow by 320 percent by 2030. 

As a part of the National Tourism Strategy, Saudi Arabia has allocated $100 million to train young Saudis to work in the sector. 

For her part, Julia Simpson, president of the World Tourism and Travel Council, lauded Al-Khateeb and said that she has never seen such ambition for tourism in any other country. 

“I really applaud the work of his Excellency Al Khateeb because I have never ever seen an ambition for tourism quite like I am seeing here. The investment, the commitment, the energy, the drive. After this wonderful conference, we will hold a summit here on November 28,” added Simpson.


Education spending surges 251% as students return from autumn break: SAMA

Updated 12 December 2025
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Education spending surges 251% as students return from autumn break: SAMA

RIYADH: Education spending in Saudi Arabia surged 251.3 percent in the week ending Dec. 6, reflecting the sharp uptick in purchases as students returned from the autumn break.

According to the latest data from the Saudi Central Bank, expenditure in the sector reached SR218.73 million ($58.2 million), with the number of transactions increasing by 61 percent to 233,000.

Despite this surge, overall point-of-sale spending fell 4.3 percent to SR14.45 billion, while the number of transactions dipped 1.7 percent to 236.18 million week on week.

The week saw mixed changes between the sectors. Spending on freight transport, postal and courier services saw the second-biggest uptick at 33.3 percent to SR60.93 million, followed by medical services, which saw an 8.1 percent increase to SR505.35 million.

Expenditure on apparel and clothing saw a decrease of 16.3 percent, followed by a 2 percent reduction in spending on telecommunication.

Jewelry outlays witnessed an 8.1 percent decline to reach SR325.90 million. Data revealed decreases across many other sectors, led by hotels, which saw the largest dip at 24.5 percent to reach SR335.98 million. 

Spending on car rentals in the Kingdom fell by 12.6 percent, while airlines saw a 3.7 percent increase to SR46.28 million.

Expenditure on food and beverages saw a 1.7 percent increase to SR2.35 billion, claiming the largest share of the POS. Restaurants and cafes retained the second position despite a 12.6 percent dip to SR1.66 billion.

Saudi Arabia’s key urban centers mirrored the national decline. Riyadh, which accounted for the largest share of total POS spending, saw a 3.9 percent dip to SR4.89 billion, down from SR5.08 billion the previous week.

The number of transactions in the capital settled at 74.16 million, down 1.4 percent week on week.

In Jeddah, transaction values decreased by 5.9 percent to SR1.91 billion, while Dammam reported a 0.8 percent surge to SR713.71 million.

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia. 

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives. 

The growth of digital payment technologies aligns with the Kingdom’s Vision 2030 objectives, promoting electronic transactions and contributing to the nation’s broader digital economy.