Latest news with #Saudi Vision 2030
Argaam
3 days ago
- Business
- Argaam
Saudi Arabia tops global ranking in intl tourism revenues growth during Q1 2025
Saudi Arabia has ranked first as the top tourist destination globally in terms of growth in international tourism revenues during the first quarter of 2025, compared to the same period in 2019, according to the UN Tourism Barometer Report published in May 2025 by the United Nations World Tourism Organization. According to the report, Saudi Arabia ranked third globally in terms of the growth in the number of international tourists during Q1 2025 compared to Q1 2019. It also ranked second in the Middle East for the same period. The Kingdom recorded a 102% growth in the number of international tourists during Q1 2025 compared to the same period in 2019, far surpassing the global average growth rate of 3% and the Middle East's average growth of 44%, further strengthening its global and regional leadership in the tourism sector. For his part, Minister of Tourism Ahmed Al Khateeb stated on social networking platform 'X' that this achievement reflects Saudi Arabia's advancing position in the tourism sector, backed by its leadership. This came thanks to working with a teamwork spirit to achieving the goals of Saudi Vision 2030, said the minister, expressing optimism for further growth and enhanced positioning for the Kingdom on the global tourism map. According to data available with Argaam, the Ministry of Tourism revealed earlier that Saudi Arabia achieved a record surplus from travel in its balance of payments during Q1 2025, reaching nearly SAR 26.8 billion, driven by spending from incoming international visitors. Spending by inbound visitors to Saudi Arabia during Q1 2025 reached SAR 49.4 billion, a growth of about 10% year-on-year.
Zawya
6 days ago
- Business
- Zawya
Saudi Red Sea Authority issues Maritime Tourism Agent License to support coastal tourism activities
RIYADH: As part of its ongoing efforts to regulate and develop a thriving coastal tourism sector, the Saudi Red Sea Authority (SRSA) has issued a maritime tourism agent license to Maritime Solutions Company, based in Jeddah. This step reflects SRSA's commitment to organizing and enhancing coastal tourism activities, and to fostering an attractive environment for tourists, investors, and maritime operators across the Red Sea. It also aligns with the goals of Saudi Vision 2030 to position the Red Sea as a leading global destination. Issuing such licenses is a key function of the SRSA, which is responsible for regulating coastal tourism activities, granting permits, attracting investment, identifying infrastructure needs, and ensuring the protection and sustainability of the marine environment. The newly licensed agent will provide essential services to marine crafts facilitating and supporting their operations within the Saudi Red Sea jurisdiction. To date, SRSA has issued more than 35 licenses, including those for maritime tourism agents, marina operators, and yacht charter companies. This forms part of the SRSA's broader mission to enhance the coastal tourism ecosystem and elevate service quality to deliver an exceptional visitor experience.
