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Tourism’s Role in Saudi Economic Diversification

Saudi Arabia emphasizes tourism for sustainable growth

September 27, 2024
in Economy
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In an inspiring address at the World Tourism Day event in Tbilisi, Saudi Arabia’s Minister of Tourism, Ahmed Al Khateeb, underscored the vital importance of economic diversification, with a strong emphasis on the tourism sector. This international event, hosted for the first time by the Georgian capital, provided a platform for Al Khateeb to articulate a vision of peace as the cornerstone for global travel and tourism, fostering aspirations for a unified and thriving world as the sector continues its recovery.

The Economic Impact of Tourism

Al Khateeb highlighted the substantial impact tourism has on the global economy and job creation, stating, “Today, our contribution to the world economy stands at 10 percent, with employment figures ranging from eight to nine percent, both within Saudi Arabia and globally.” His remarks emphasized the dual role tourism plays in economic growth and employment, illustrating its significance not only for Saudi Arabia but for countries worldwide.

Saudi Arabia’s Vision for Sustainable Growth

While acknowledging Saudi Arabia’s status as a leading oil producer with abundant reserves, Al Khateeb stressed the necessity of expanding into other sectors, particularly tourism, to achieve sustainable economic growth. This strategic move aims to ensure a diversified and resilient economy that can adapt to future challenges.

With delegates from over 40 countries, leaders of international organizations, and prominent figures in the tourism industry in attendance, Al Khateeb expressed his heartfelt appreciation for the hospitality extended in Georgia. He highlighted the critical role of international cooperation in advancing the tourism sector, inviting global partners to join in a collaborative journey towards a prosperous future.

Tags: Economic Diversificationglobal travelSaudi Arabiasustainable growthtourism sector

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