Wednesday, December 1, 2021
HomeTourism NewsSaudi Arabia TourismGlobal international spending on travel to rise by 93.8% in 2022: WTTC...

Global international spending on travel to rise by 93.8% in 2022: WTTC report

The number of licenses for new foreign investment projects in Saudi Arabia hit a record of 575 in the second quarter of this year, according to a recent report by Invest Saudi, the country’s promotion vehicle overseen by the Ministry of Investment. 

The number of new investment licenses awarded for such projects showed a consistent increase during each month of the second quarter posting annual growth rates of 128 percent, 313 percent and 316 percent in April, May and June of 2021, respectively.

The increase in the number of new investment licences granted to foreign projects have been driven by retail and e-commerce, accounting for 30 percent of the total number of new licences, data provided in the report show.

The share of…

Read further.

RELATED ARTICLES

Popular Tags

Most Popular

Don't Miss Out.
SUBSCRIBE NOW

Editor Curated News

Notable travel trade news and articles for today's travel executive. 
close-link