Saudi Arabia’s tourism industry expanded by over 32 percent in 2023, thus contributing a record SR444.3 billion ($118.4 billion) to the nation’s gross domestic product.
According to a new report by the World Travel & Tourism Council (WTTC), the Kingdom welcomed 100 million tourists during the same year, achieving its Vision 2030 target seven years early. The goal was then increased to 150 million to reflect Saudi Arabia’s continued ambitions for the sector, VisaGuide.World reports.
Positive Trajectory of 2023 in Tourism Sector Is Likely to Show Up Even in 2024
The same authority projected that the sector will maintain its rapid growth this year, too, with GDP contributions expected to reach SR498 billion. In this regard,…