Saudi Arabia is an extremely interesting tourism market at the moment, and there is a strong push toward development of domestic tourism with 22.5 million residents looking for new experiences.
While Haj and Umrah travel have generated $16.5 billion for the Kingdom in 2012, business tourism demand is also growing, particularly for Riyadh.
Tourist arrivals are forecast to grow at a compound annual growth rate of 4 percent by 2022, driven by strong growth across all sectors.
Tourism is currently considered Saudi Arabia’s second largest industry and this has huge significance for the economy as $80 billion worth of investment into key infrastructure projects including airport expansion, railways and roads comes to fruition in the next 10 years.
ifpinfo
6 May
