Saudi Arabia aims to double tourism’s GDP share to 10% by 2030

The tourism sectors geographical and cultural diversitymakes it one of the largest contributors to job creation in the Saudi economy. Getty
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Updated 30 October 2025
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Saudi Arabia aims to double tourism’s GDP share to 10% by 2030

RIYADH: Saudi Arabia is aiming to double the tourism contribution to the national economy from the current 5 percent to solidify its position as a leading global destination, according to the Minister of Tourism.

Speaking at a session titled “AI and the Future of Tourism” during the ninth Future Investment Initiative conference, Ahmed Al-Khateeb affirmed that the sector is a key pillar of Vision 2030, pivotal for diversifying the economy and creating jobs, the Saudi Press Agency reported.

“Tourism accounts for 18 percent of global GDP and 5 percent of the Kingdom’s GDP (Gross Domestic Product),” Al-Khateeb stated, according to SPA. “We aspire to double that figure within the next five years, which will represent 10 percent of total jobs.”

The minister highlighted the rapid evolution of the Kingdom’s tourism landscape, noting the emergence of new segments including entertainment, sports, culture, and conferences, events, and exhibitions.

He pointed to Riyadh as evidence of this growth, declaring it one of the world’s most active cities for hosting major events.

To support this expansion, the ministry has conducted in-depth studies of more than 66 countries, which represent 80 percent of the global tourism market. The goal is to ensure strong connectivity with key Saudi destinations like Riyadh, Jeddah, AlUla, and the Red Sea. 

Al-Khateeb stressed the critical importance of developing air connectivity, revealing that airlines are working to double the number of flights to meet rapidly increasing demand.

The minister also emphasized the Kingdom’s unique assets, which range from diverse natural landscapes — mountains, islands, and the Red Sea coast — to rich historical and cultural destinations like Diriyah, all complemented by authentic Saudi hospitality.

This strategic focus is yielding significant results. The minister revealed that the Kingdom welcomed over 30 million tourists in 2024, and aims to reach 50 million international tourists by 2030. 

He reaffirmed that the sector’s geographical and cultural diversity, which allows visitors to experience a wide range of attractions across its cities, makes it one of the largest contributors to job creation in the Saudi economy.


Saudi-US roundtable meeting held to strengthen economic relations

Updated 58 min 59 sec ago
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Saudi-US roundtable meeting held to strengthen economic relations

RIYADH: The Saudi-US Roundtable was held in Riyadh on Jan. 20, coinciding with the ninth session of the Saudi-US Trade and Investment Association, organized by the General Authority for Foreign Trade.

The meeting was attended by the Deputy Governor of International Relations at GAFT Abdulaziz Al-Sakran and the Secretary General of the Federation of Saudi Chambers Waleed Alorainan. It was also attended by the President and CEO of the Saudi-US Business Council Charles Hallab and representatives from government agencies, as well as 83 private sector companies.

The meeting reviewed ways to strengthen economic relations between Saudi Arabia and the US. It also explored opportunities for trade and investment cooperation in various sectors that play a fundamental role in developing trade ties and increasing bilateral trade volume, which reached approximately $33 billion in 2024.

Al-Sakran indicated that the roundtable meeting comes within the framework of the authority’s keenness to enhance the role of the private sector in developing trade relations by enabling it to access foreign markets and removing all external obstacles it faces, in coordination with relevant entities.

He noted that trade relations between the Kingdom and the US have witnessed significant economic activity, resulting in a trade volume exceeding $500 billion over the past decade.

It is worth noting that GAFT works to develop bilateral trade relations by overseeing business councils and coordination councils. In addition, it enables Saudi Arabia’s non-oil exports to access foreign markets and helps overcome the various challenges they face.