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Saudi Arabia Welcomed 115.9 Million Tourists in Record 2024 Boom

Saudi Arabia Welcomed 115.9 Million Tourists in Record 2024 Boom

CairoScene5 days ago
The figure includes 29.7 million international arrivals - an 8% increase from 2023 and a 70% rise compared to 2019.
Saudi Arabia welcomed 115.9 million tourists in 2024, according to the Ministry of Tourism's annual report. The figure includes 29.7 million international arrivals - an 8% increase from 2023 and a 70% rise compared to 2019.
Domestic tourism also surged, with 86.2 million Saudis travelling within the Kingdom. The Formula 1 Grand Prix alone drew 3.2 million visitors. Tourist spending rose 19%, driven by longer stays averaging 19 nights.
Saudi Arabia ranked first among G20 nations in growth of international arrivals and second globally.
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Saudi Arabia Approves Law Allowing Foreigners to Own Property across Kingdom
Saudi Arabia Approves Law Allowing Foreigners to Own Property across Kingdom

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Saudi Arabia Approves Law Allowing Foreigners to Own Property across Kingdom

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Saudi Arabia Welcomed 115.9 Million Tourists in Record 2024 Boom
Saudi Arabia Welcomed 115.9 Million Tourists in Record 2024 Boom

CairoScene

time5 days ago

  • CairoScene

Saudi Arabia Welcomed 115.9 Million Tourists in Record 2024 Boom

The figure includes 29.7 million international arrivals - an 8% increase from 2023 and a 70% rise compared to 2019. Saudi Arabia welcomed 115.9 million tourists in 2024, according to the Ministry of Tourism's annual report. The figure includes 29.7 million international arrivals - an 8% increase from 2023 and a 70% rise compared to 2019. Domestic tourism also surged, with 86.2 million Saudis travelling within the Kingdom. The Formula 1 Grand Prix alone drew 3.2 million visitors. Tourist spending rose 19%, driven by longer stays averaging 19 nights. Saudi Arabia ranked first among G20 nations in growth of international arrivals and second globally.

Foreign Ownership of Property Now Permitted in Saudi Arabia
Foreign Ownership of Property Now Permitted in Saudi Arabia

CairoScene

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Foreign Ownership of Property Now Permitted in Saudi Arabia

A newly approved law permits foreign property ownership in Saudi Arabia, marking a major policy shift aligned with national economic reform and diversification efforts under Vision 2030. Saudi Arabia has approved a new law permitting property ownership by non-Saudis, marking a significant policy shift aimed at supporting the diversification of the Kingdom's economy. The decision was made during a Cabinet session chaired by Crown Prince and Prime Minister Mohammed bin Salman in Jeddah. The move lifts longstanding restrictions on foreign ownership and is expected to help attract international investment in the real estate sector as part of Saudi Arabia's broader Vision 2030 goals. The approval of the new property ownership law follows a string of developments underscoring Saudi Arabia's efforts to position itself as a competitive and open investment environment. Recent moves by multinational tech companies such as Amazon, Microsoft, and Google to establish regional headquarters in Riyadh reflect growing confidence in the Kingdom's pro-business policies. Foreign investment has also surged in early 2025, surpassing SAR 3 trillion for the first time, with net inflows and direct investment both seeing significant gains.

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