Search Site

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Saudi Arabia, Spain agree to build sustainable tourism

Princess Haifa, Vice Minister of Tourism, Saudi Arabia, is joined by Spanish Tourism Minister Maroto in Riyadh
  • Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh this week
  • Saudi puts tourism on the global stage for the first time at FII 2021, launching the Principles for Redesigning Tourism

Saudi Arabia and Spain have agreed to work together to build a sustainable, and inclusive tourism sector that provides prosperity for the long term.

The agreement between Ahmed Al Khateeb, Minister of Tourism, Kingdom of Saudi Arabia and Maria Reyes Maroto, Minister of Industry, Trade and Tourism, Kingdom of Spain was concluded at the special tourism summit, Redesigning Tourism Summit – Laying Foundations for Future Success in Riyadh. 

The event will be held as part of the Future Investment Initiative (FII), an international platform bringing together over 3,000 global leaders, investors and innovators with the power to shape the future of global investment and humanity.

Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh this week.

Recently, the Ministry of Tourism launched five Principles for Redesigning Tourism, with support of governments and the private sector and endorsed by summit attendees.

The development came after Saudi Arabia announced its Sustainable Tourism Global Center, a global coalition that will not only help the industry meet net zero goals, but work to ensure that tourism becomes a key driver of growth for communities all over the world.

“This industry is very important,” Ahmed Al Khateeb said: “It connects nations, and Saudi Arabia is playing a very important role today, developing a number of initiatives including the Sustainable Tourism Global Center, to build resilience and ensure tourism provides the growth and opportunities we all want and need.”