Saudi Arabia’s tourism revenues could reach $64bn by 2019, according to a high-ranking official.
The Kingdom’s tourism market is currently generating around $14bn in annual revenues, according to Mohammed Al-Hussaini, deputy general manager at the Riyadh Exhibition Company.
However, at the opening of the five-day Saudi Travel and Tourism Investment Market, he told the Saudi Gazette that the country’s inbound tourism has increased 11 percent over the past two years.
“As the largest economy in the Middle East, Saudi Arabia has the necessary resources to expand travel and tourism as major income generators,” he told the newspaper.
“Several tourism development opportunities are available in cities such as Al-Wajh, Assir, Al-Qassim, and in Hail,” he added. “One of the government’s priorities is to increase the regional and global visibility of the Kingdom’s tourism and hospitality offerings.”
Source: Arabian Business - 08 February 2010
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