Search Site

Masdar acquires Saeta Yield

The deal is estimated to be valued at $1.4 billion.

Boeing lifts wage hike to 30% 

The 30% general wage hike improves upon the 25% in the earlier offer.

ADNOC Distribution H1 dividend $350m

The total dividend for 2024 is expected to be $700 million.

TAQA launches new corporate identity

Abu Dhabi Energy Services will be renamed as TAQA Services.

Rightmove rejects £5.6bn Murdoch bid

The property website said the bid was undervalued.

Saudi leisure tourism surges by 656% in 2024: Tourism Ministry

Ancient Nabataean carved rock tombs at the archaeological site of al-Hijr (Hegra) near Saudi Arabia's northwestern city of al-Ula. (AFP File)
  • The Kingdom welcomed 17.5 million international tourists between January and July 2024, a 10 percent increase over the same period in 2023
  • The Kingdom had set the goal of 100 million tourists by 2030, but achieved this milestone in 2023, seven years ahead of schedule.

Riyadh, Saudi Arabia — Saudi Arabia’s tourism sector, particularly the leisure and holiday segments, witnessed substantial growth in 2024.
In a statement marking World Tourism Day, observed every year on September 27, the ministry said that the Kingdom welcomed 17.5 million international tourists between January and July 2024, a 10 percent increase over the same period in 2023 and a 73 percent increase compared to the 2019 figures.
Most striking is the 656 percent increase in the number of tourists arriving specifically for entertainment and holiday purposes. The ministry said that 4.2 million tourists arrived for these purposes in the first seven months of 2024, a 25 percent increase over the previous year and an enormous leap over pre-pandemic levels in 2019.
These impressive results highlight the success of the Kingdom’s long-term tourism strategy, under Vision 2030, which seeks to transform Saudi Arabia into a global tourism destination. The Kingdom had set the goal of 100 million tourists by 2030, but achieved this milestone in 2023, seven years ahead of schedule.
Saudi Arabia was acknowledged as the fastest-growing G20 country in the latest UN World Tourism Barometer report. According to September report, Saudi Arabia leads both in the growth of international tourist numbers and in tourism revenues.
These figures underscore the Kingdom’s strategic focus on developing a sustainable tourism sector, improving infrastructure, and promoting Saudi Arabia as a premier global destination, SPA reported.