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Tuesday, March 5, 2024

Tourism sector to lead Saudi Arabia’s post-COVID economic recovery

While Saudi Arabia has strengthened its serious endeavor towards tourism transformation, and the formation of an integrated tourism destination, a tourism fund is expected to contribute to providing government financing to investors, and help complete development projects in this sector, Saudi media reported.

Experts in the tourism sector expect that the acceleration of development in the tourism sector would increase the kingdom’s opportunities in the Post-COVID-19 global tourism map, according to Al Watan newspaper.

Saudi Arabia is moving towards the advancement of new tourist areas to enhance tourism as a vital sector and one of the channels for diversification of the national economy. The project of the tourism development fund in Saudi Arabia will contribute to providing government funding to investors, and it will also help in completing the important tourism sectors that will have rewarding returns, in addition to achieving the goals of tourism, economic and service development, experts said.

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