Investing in a tourism services company in Saudi Arabia represents an investment opportunity during 2022, especially in light of the Kingdom of Saudi Arabia’s 2030 vision to increase the contribution of the tourism sector to the country’s GDP by 10%, and provide one million jobs for Saudi citizens in tourism sector projects in the coming years.
What is a tourism services company?
The concept of tourism has evolved in recent years, as people’s needs to travel have evolved. The tourist is no longer the person who carries a suitcase, wanders around a country’s monuments, and spends a few nights in a hotel. Rather, modern tourism has evolved beyond those boundaries.
The tourism services company offers a range of diverse tourism services to meet the needs of travelers, which has come to include most areas of daily life, and one of the modern types of tourism:
Medical tourism, eco-tourism, maritime tourism, conference tourism, shopping tourism, sports tourism, recreational tourism, and religious tourism.
Saudi Arabia is pumping billions of dollars into developing tourism services and tourism products in various Saudi cities. Like this: Qiddiya, Diriyah, the Red Sea, the Farasan Islands and others. Saudi Arabia aims to be one of the top five global tourist destinations, which makes it keen to remove all obstacles facing expatriates and tourism companies, and provide periodic facilities to facilitate the completion of various procedures and avoid documentary cycle breakdowns.
Tourism Sector Indicators
Today, tourism spending exceeds SAR 165 billion and has increased by 26% compared to 2015.
27,480,972 foreigners arrive in the Kingdom annually.
The number of registered archaeological, heritage and historical places in Saudi Arabia is 8499.
The number of tourist nights spent by local tourists amounted to 248,752,006 tourist nights, and their spending exceeded 53,162,627,159 riyals.
The number of tourist nights spent by incoming tourists was estimated at 188,040,603 nights and their spending exceeded 100,806,082,413 riyals.
Tourist spending in the GCC exceeds $81.1 billion; Saudi Arabia alone accounts for 39% of this spending.
The number of nights spent by tourists in the GCC is approximately 303.2 million; Saudi Arabia accounts for 173.9 million nights, or 57.4% of the total number of nights.
