Saudi authorities highlight tourism commitments during UN Sustainability Week in New York

Al-Khateeb said that through this important UN event, he hopes the Kingdom can spread a message to the world about the need to preserve the environment. (SPA)
Short Url
Updated 17 April 2024
Follow

Saudi authorities highlight tourism commitments during UN Sustainability Week in New York

  • Tourism minister says he hopes Kingdom can help lead transformation of sector into an environmentally friendly industry that supports communities and countries

NEW YORK: The Saudi tourism minister on Tuesday reiterated the Kingdom’s commitment to sustainable development of the travel sector.

Ahmed Al-Khateeb said that under the leadership of King Salman and Crown Prince Mohammed bin Salman, Saudi Arabia has become one of the most promising and attractive global travel destinations.

He was speaking at the start of an event at the UN headquarters in New York that aims to encourage a concerted approach to enhance the resilience of the sector at the highest level and maximize its contribution to sustainability.

The event, which takes place during UN Sustainability Week, was convened by the president of the 78th session of the UN General Assembly, Dennis Francis, in cooperation with UN Tourism.

Al-Khateed highlighted the efforts the Kingdom is making to address the environmental impacts of the travel and tourism sector, and noted that those efforts had contributed to the establishment, with Saudi Support, of the World Travel and Tourism Council and the World Center for Sustainable Tourism.

During the past two years, Saudi Arabia has sought, in its role as chair of the executive council of UN Tourism, to enhance the representation of the travel and tourism sector in international forums, Al-Khateeb said.

This has resulted in UN Tourism and the Kingdom cooperating on a package of initiatives to help achieve this goal, including a Best Tourism Villages award, a Tourism Opens Minds initiative, and a working group to reimagine the future of tourism, Al-Khateeb added. He also noted his country’s efforts to ensure the tourism sector was properly represented on the agenda for UN Sustainability Week. 

 

Saudi Arabia topped the UN World Tourism list in 2023 in terms of growth among major tourism destinations in the number of international visitors. It also topped the list of G20 nations in terms of the number of international tourists, welcoming more than 27 million last year, Al-Khateeb said. He added that authorities in the Kingdom are developing plans and strategies to attract more than 70 million international tourists a year by 2030.

By then, he said, the Kingdom aims to have reduced carbon dioxide emissions by more than 278 million tonnes annually, designated 30 percent of land and marine territory as protected areas, and planted more than 600 million trees.

“The Kingdom has taken significant steps to launch the Sustainable Tourism Global Center, with the aim of accelerating the travel and tourism sector’s transition to climate neutrality, protecting nature and empowering communities around the world,” Al-Khateeb said.

He also highlighted major Saudi projects such as the NEOM smart city development and the Red Sea tourism project that aim to ensure they have positive effects on the climate, environment and local communities.

He also expressed the Kingdom’s aspiration for all countries to make concerted efforts, and be open to cooperation, to achieve the goal of sustainable development in the global travel and tourism sector.

Al-Khateeb said that through this important UN event, he hopes the Kingdom can spread a message to the world about the need to preserve the environment, and can help lead and support the transformation of tourism into an environmentally friendly industry that supports communities and countries worldwide.

UN Sustainability Week began on Monday at the UN headquarters in New York and continues until Friday.


Closing Bell: Saudi main index closes in red at 10,452

Updated 16 December 2025
Follow

Closing Bell: Saudi main index closes in red at 10,452

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Tuesday, losing 137.26 points, or 1.30 percent, to close at 10,452.91.

The total trading turnover of the benchmark index was SR3.61 billion ($964.2 million), as 25 of the listed stocks advanced, while 235 retreated.

The MSCI Tadawul Index decreased, down 16.79 points or 1.21 percent, to close at 1,374.55.

The Kingdom’s parallel market Nomu lost 246.13 points, or 1.04 percent, to close at 23,470.28. This comes as 23 of the listed stocks advanced, while 51 retreated.

The best-performing stock was AlAhli REIT Fund 1, with its share price surging by 4.15 percent to SR6.52.

Other top performers included Dar Alarkan Real Estate Development Co., which saw its share price rise by 3.47 percent to SR15.80, and Arabian Drilling Co., which saw a 1.53 percent increase to SR96.35.

On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.40 percent to SR20.66.

Sport Clubs Co. and Rabigh Refining and Petrochemical Co. also saw declines, with their shares dropping by 5.10 percent and 4.76 percent to SR8.75 and SR7, respectively.

On the announcements front, Saudi Arabia Refineries Co. has formally established its new subsidiary, Clean Energy Co., announcing the completion of its articles of association and commercial registration.

The wholly owned limited liability company, headquartered in Bish City, is slated to operate in the critical sectors of metal mining, organic chemical manufacturing, and the production of primary gases, including liquid and compressed air. 

According to the official announcement on Tadawul, the subsidiary will commence operations after finalizing all remaining incorporation requirements, which encompass administrative and technical arrangements as well as securing the necessary operational licenses. 

The move marks a strategic expansion for the parent company into the industrial and clean energy supply chain. Sarco’s shares traded 0.93 percent lower on the main market today to reach SR53.