Saudi Arabia has surpassed international growth expectations for its tourism sector, projecting a remarkable 4% increase in 2024, as outlined in the International Monetary Fund’s recent global economic outlook report. This growth is complemented by an unprecedented surplus in travel expenditures, reaching approximately 50 billion riyals (around 13.3 billion dollars), marking a historic achievement for the nation.
The Ministry of Tourism announced that the Kingdom has set new records in its tourism sector for 2024, with travel spending estimated at about 49.8 billion riyals. This figure represents a significant growth of 7.8% compared to 2023, bolstered by a surge in the number of international visitors coming to the…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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