Saudi Arabia unveils ‘Hospitality Investment Enablers’ for tourism growth 

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RIYADH: A new hospitality package is poised to enhance Saudi Arabia’s business operations, project viability, and land access, a senior official announced.  The “Hospitality Investment Enablers” initiative, designed in collaboration with the Ministry of Investment, aims to elevate the efficiency of business operations and bolster project success, said Ahmed Al-Khateeb, the minister of tourism.  He … Read more

Tourism Development Fund signs MoU with Dan Company for Saudi Arabia agritourism projects

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RIYADH: The Saudi capital finds itself in global competition with cities like New York and Tokyo for a skilled workforce, according to its mayor. With a population exceeding 7 million, the city is experiencing an ongoing transformation as it becomes a hub for attracting talent and boosting entrepreneurship. In an interview with Arab News at … Read more

UNWTO praises Saudi ‘innovation’ and ‘vision’ as tourism numbers reach Vision 2030 goal 7 years early

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RIYADH: Saudi healthcare is poised to benefit from advanced medical interventions after Johnson & Johnson’s technology firm, J&J MedTech KSA, announced the launching of its direct operations in the Kingdom.   The company provides high-tech medical and surgical equipment and aims to bring customers closer to a more streamlined experience, according to a statement.    This … Read more

Saudi Arabia further empowers tourism authority to help sector grow

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Startup of the Week – supply chain platform Omniful aims to boost Saudi Arabia’s e-commerce space CAIRO: E-commerce and supply chain operations platform Omniful is aiming to significantly boost its presence in the Saudi market after a successful $5.85 million seed funding round. In an interview with Arab News, CEO and co-founder of Omniful, Mostafa … Read more

New unified Gulf tourism visa to bolster Saudi economy

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Startup of the Week – supply chain platform Omniful aims to boost Saudi Arabia’s e-commerce space CAIRO: E-commerce and supply chain operations platform Omniful is aiming to significantly boost its presence in the Saudi market after a successful $5.85 million seed funding round. In an interview with Arab News, CEO and co-founder of Omniful, Mostafa … Read more

Saudi tourism sees 50% surge in Indian visitors as promotion intensifies

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NEW DELHI: The number of Indians traveling to Saudi Arabia has grown by 50 percent following a series of strategic initiatives in 2023, the Kingdom’s tourism authority said, as it participated in India’s main international travel show over the weekend. The 2024 edition of the South Asian Travel and Tourism Exchange — Asia’s leading platform … Read more

Saudi tourism minister discusses benefit of unified tourist visa for GCC nations at Qatar meeting

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RIYADH: Innovation is a priority for HSBC Saudi Arabia as it aims to enhance its offerings, according to the bank’s CEO. Faris Al-Ghannam, CEO and board member of HSBC Saudi Arabia, provided a comprehensive overview of the financial institution’s prospective plans, along with the Kingdom’s economic landscape and the investment opportunities it presents.  In an … Read more

Local communities must be at heart of tourism strategies, says top industry official

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RIYADH: Saudi Arabia’s insurance industry is projected to experience a compound annual growth rate of 5.2 percent until 2028, reaching SR83.7 billion ($22 billion), a study showed.   This growth, up from the current SR68.3 billion in 2024, is primarily driven by the health and motor segments, which together will account for 86 percent of the … Read more

Investments in Saudi tourism to accelerate in 2024, says top expert

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RIYADH: Achieving global power security is everyone’s responsibility, according to Saudi Energy Minister Prince Abdulaziz bin Salman.  Speaking at the International Petroleum Technology Conference in Dahran on Feb. 12, the minister said that the Kingdom is continuously working toward ensuring market stability.  He added that Saudi Arabia has significant surplus oil production capabilities. “We are … Read more

Saudi Arabia and Switzerland ink tourism agreement to enhance visitor experiences

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RIYADH: Multiple agreements were signed during the second day of the Public Investment Fund’s Private Sector Forum to enhance the local economy, tourism, and telecommunication sectors. These deals included contracts awarded by King Abdullah Financial District Development and Management Co., which is wholly owned by PIF, the soverign wealth fund’s subsidary Asfar. stc Group also signed … Read more