Saudi Arabia plans 250k new hotel rooms by 2030, says minister of tourism 

Minister of Tourism Ahmed Al-Khateeb. Shutterstock
Short Url
Updated 06 February 2024
Follow

Saudi Arabia plans 250k new hotel rooms by 2030, says minister of tourism 

RIYADH: Saudi Arabia plans to add 250,000 hotel rooms by 2030, with the private sector signing contracts to build 75,000 of them, according to the minister of tourism.

Speaking during a ministerial panel session at the Private Sector Forum held in Riyadh, Ahmed Al-Khateeb stated that the total number of hotel rooms in the Kingdom has reached 280,000 since the end of 2023.

“The quality of the rooms and projects is very excellent and will place the Kingdom among the best in the world. The target for 2030 is approximately 550,000 hotel rooms,” the minister said, adding: “Today, we continue to reach 10 percent contribution to the gross domestic product, and we have reached 7 percent contribution to the non-oil GDP.”

Al-Khateeb also announced that the Kingdom has surpassed its initial target of attracting 100 million tourists by the year 2030, revealing that Saudi Arabia has welcomed 100 million tourists, comprising 77 million domestic travelers and 27 million international visitors.

“When we reached the goal of 100 million tourists, the crown prince directed us to reach 150 million. The goal is moving, and we will continue and are working now on a strategy to reach 150 million tourists, 80 million from within and 70 million from abroad,” the minister said.

Adding: “In 2019, around 10 million pilgrims were coming to us, and last year, we reached 27 million pilgrims coming from abroad who spent more than SR100 billion ($26.67 billion).”

During the session, Al-Khateeb also stated that approximately 12 resorts on the Red Sea will open within a year and a half.

The Central Jeddah Project is land that was used for air defense, however Crown Prince Mohammed bin Salman directed it to move so that the waterfront could be used by citizens, according to the minister.

“The Jeddah Project be established there on an area of ​​approximately 5 million sq. meters at a cost that will reach SR75 billion,” he stated.

Adding: “We have two phases in the council from the private sector. The first phase will open in 2027. The project includes shopping and hotels, and yesterday, we celebrated the signing of contracts worth SR12 billion. We expect that it will greatly support tourism in Jeddah.”

He also said that it has attracted big names from hotels that are coming to the Kingdom for the first time, and “soon it will sign with them and announce them.”


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

Updated 12 December 2025
Follow

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.