Saudi Arabia expects tourism to contribute more than $70 billion by 2030

24-01-23

Saudi Tourism Minister Ahmed al-Khatib said he expects the tourism sector to contribute between $70 billion and $80 billion to the kingdom's Gross Domestic Product (GDP) by 2030 as part of its plans to diversify its revenues beyond oil.

"Our goal is to reach 10 per cent contribution to GDP by 2030, that means injecting into the Saudi economy between $70 billion and $80 billion" a year, Tourism Minister Ahmed al-Khatib told a conference on new construction in Riyadh.