Tourism Breaking News
Saudi Arabia announced the ratification of a new Tourism Development Fund to help realise the long-term potential of Saudi Arabia’s tourism sector. The fund will contribute to the development of tourism projects attracting local and international investments and tourists, in addition to supporting the private sector in developing new and existing tourism destinations to drive economic growth, diversification and job creation across the Kingdom.
“Our region hosts close to 85 million international, regional and domestic tourists each year. Not only does tourism create jobs and support economies, it enhances quality of life and deepens cultural understanding and exchange. Supporting the industry is critically important to the Arab Tourism Ministers Council,” said His Excellency Ahmed Al-Khateeb, Saudi Arabia’s Minister of Tourism.
He added, “The Middle East is leading the way on tourism readiness and we are committed to working together to ensure the health of all and develop innovative ways to reopen borders. We are putting measures in place so that we can safely welcome tourists back to share the diverse and unique treasures of the Arab region.”
In 2019, across the Middle East and North Africa region the travel and tourism sector employed more than 4.6 million people and generated just under $120 billion in Gross Domestic Product (GDP). During the meeting, Ministers discuss substantive actions taken across the Arab world to support the tourism sector and prepare for recovery. Saudi Arabia became one of the first countries to support the World Travel and Tourism Council’s Safety Stamp, which aims to rebuild tourism confidence by standardising hygiene and safety protocols world-wide. Meanwhile, the United Arab Emirates has shared its preparatory plans for safe reopening, and Egypt has outlined investments in destination upgrades to support recovery. As the 2020 chair of the Arab Tourism Ministers Council and of the G20 Tourism Ministers Meeting, Saudi Arabia is committed to coordinated global action to support the tourism industry through the crisis and prepare for recovery.
