Saudi Arabia’s travel and tourism grow 12% over pre-pandemic levels: Al-Khateeb

Speaking at the France-Saudi Investment Forum in Paris on Monday, Ahmed Al-Khateeb highlighted the tourism sector’s exponential growth and record-breaking figures. (AN Photo)
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Updated 20 June 2023
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Saudi Arabia’s travel and tourism grow 12% over pre-pandemic levels: Al-Khateeb

RIYADH: Saudi Arabia’s travel and tourism industry has grown 12 percent over its pre-pandemic market size, reaching an all-time high, said the Kingdom’s tourism minister. 

Speaking at the France-Saudi Investment Forum in Paris on Monday, Ahmed Al-Khateeb highlighted the tourism sector’s exponential growth and record-breaking figures.   

“We’re expecting 2024 to be another record year in travel and tourism. We plan to move forward to reach a growth of 130 percent of the current level by 2032,” said Al-Khateeb. 

With the Saudi tourism sector currently contributing 3 to 4 percent of the nation’s gross domestic product, Al-Khateeb aimed to increase its contribution to 10 percent, the industry’s global average share of GDP.  

France, for instance, relies on tourism for 14 percent of its GDP, showcasing the vast opportunity in Saudi Arabia. 

“That is why we decided to open our doors and hearts and announce the electronic visa. We identified 49 countries where they could get visas online. Those countries represent 80 percent of the global travel and tourism market,” said Al-Khateeb.    

He added that the Kingdom achieved a record of 7.8 million international arrivals this year, with ambitious targets of 30 million arrivals by the end of 2023 and 70 million by 2030. 

The changing trajectory of tourism in Saudi Arabia has positively influenced visitor behavior. Al-Khateeb pointed out the growing trend of combining business trips with leisure activities, resulting in more extended stays and increased spending.   

“People are extending their stays up to two weeks, compared to the previous average of nine nights,” he said. 

Al-Khateeb emphasized that tourism plays a pivotal role in achieving economic growth and diversification, as outlined in Vision 2030. 

The sector’s continuous expansion contributes to the nation’s GDP and enhances Saudi Arabia’s position as a global tourism destination and investment hub. 


Saudi Arabia approves over 1k chemical permits, awards 172 mining licenses

Updated 56 min 22 sec ago
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Saudi Arabia approves over 1k chemical permits, awards 172 mining licenses

RIYADH: Saudi Arabia processed more than 1,000 chemical permit requests in November and awarded exploration rights for 172 mining sites in what the government described as its largest licensing round on record. 

The Ministry of Industry and Mineral Resources said it handled 1,095 chemical clearance requests during the month, including 1,041 approvals for non-restricted chemicals and 54 for restricted substances, covering 2,081 product classifications, the Saudi Press Agency reported. 

It forms part of ongoing efforts to accelerate the discovery and development of mineral resources valued at over SR9.4 trillion ($2.51 trillion), aligning with Vision 2030’s objective to position mining as the third pillar of the national industrial sector.   

Ministry spokesperson Jarrah Al-Jarrah explained that the chemical clearance service enables industrial investors to obtain import or export permits for chemicals used in manufacturing through the “Sanaei” digital platform.  

“He clarified that the service aims to ensure that chemical clearances for industrial facilities are granted through streamlined procedures and in a timely manner, thus serving investors and facilitating the entry of their materials through ports of entry,” the SPA report stated. 

Al-Jarrah explained that the service plays a critical role in enhancing industrial output by developing and automating permit procedures for production-related chemicals as part of the ministry’s digital services.  

In a separate development, the ministry announced that 24 domestic and international companies and consortiums won exploration licenses across 172 mining sites in Saudi Arabia, with 76 of those sites awarded through a multi-round public auction.   

These sites span three mineral belts in the Riyadh, Madinah, and Qassim regions, with committed exploration spending exceeding SR671 million during the first two years of project implementation.  

The ministry described this licensing round as the largest mining tender in the Kingdom’s history.   

The competition covered more than 24,000 sq. km across regions known for strategic minerals including gold, copper, silver, zinc, and nickel.   

Additionally, the ministry noted that 26 qualified companies participated through the electronic bidding platform, progressing through a transparent process that began with prequalification and culminated in competitive multi-round auctions.  

The ministry confirmed that these investments aim to develop untapped exploration zones and enhance the utilization of Saudi Arabia’s mineral wealth, strengthening global supply chains.   

It also announced plans to launch further exploration license tenders covering 13,000 sq. km across Madinah, Makkah, Riyadh, Qassim, and Hail, with additional opportunities to be revealed at the 5th Future Minerals Forum in Riyadh from Jan. 13 to 15.  

These efforts, the ministry stated, reflect a broader mining strategy focused on maximizing resource potential, attracting foreign investment, creating employment opportunities, and integrating value chains to establish Saudi Arabia as a global mining hub.