Saudi Arabia aims to double tourism’s GDP share to 10% by 2030

Saudi Arabia aims to double tourism’s GDP share to 10% by 2030
The tourism sectors geographical and cultural diversitymakes it one of the largest contributors to job creation in the Saudi economy. Getty
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Updated 30 October 2025
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Saudi Arabia aims to double tourism’s GDP share to 10% by 2030

Saudi Arabia aims to double tourism’s GDP share to 10% by 2030

RIYADH: Saudi Arabia is aiming to double the tourism contribution to the national economy from the current 5 percent to solidify its position as a leading global destination, according to the Minister of Tourism.

Speaking at a session titled “AI and the Future of Tourism” during the ninth Future Investment Initiative conference, Ahmed Al-Khateeb affirmed that the sector is a key pillar of Vision 2030, pivotal for diversifying the economy and creating jobs, the Saudi Press Agency reported.

“Tourism accounts for 18 percent of global GDP and 5 percent of the Kingdom’s GDP (Gross Domestic Product),” Al-Khateeb stated, according to SPA. “We aspire to double that figure within the next five years, which will represent 10 percent of total jobs.”

The minister highlighted the rapid evolution of the Kingdom’s tourism landscape, noting the emergence of new segments including entertainment, sports, culture, and conferences, events, and exhibitions.

He pointed to Riyadh as evidence of this growth, declaring it one of the world’s most active cities for hosting major events.

To support this expansion, the ministry has conducted in-depth studies of more than 66 countries, which represent 80 percent of the global tourism market. The goal is to ensure strong connectivity with key Saudi destinations like Riyadh, Jeddah, AlUla, and the Red Sea. 

Al-Khateeb stressed the critical importance of developing air connectivity, revealing that airlines are working to double the number of flights to meet rapidly increasing demand.

The minister also emphasized the Kingdom’s unique assets, which range from diverse natural landscapes — mountains, islands, and the Red Sea coast — to rich historical and cultural destinations like Diriyah, all complemented by authentic Saudi hospitality.

This strategic focus is yielding significant results. The minister revealed that the Kingdom welcomed over 30 million tourists in 2024, and aims to reach 50 million international tourists by 2030. 

He reaffirmed that the sector’s geographical and cultural diversity, which allows visitors to experience a wide range of attractions across its cities, makes it one of the largest contributors to job creation in the Saudi economy.


Saudi Arabia, Canada explore ways to enhance cooperation in technology, innovation 

Saudi Arabia, Canada explore ways to enhance cooperation in technology, innovation 
Updated 04 November 2025
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Saudi Arabia, Canada explore ways to enhance cooperation in technology, innovation 

Saudi Arabia, Canada explore ways to enhance cooperation in technology, innovation 

RIYADH: Saudi Arabia’s technology and innovation partnership with Canada is set to receive a boost after senior ministers met to explore new avenues of cooperation and strengthen trade ties. 

Saudi Minister of Investment Khalid Al-Falih said in a post on X that he met with Canada’s Minister of Artificial Intelligence and Digital Innovation Evan Solomon to discuss ways to strengthen relations between the countries and to build partnerships that contribute to mutual economic growth, particularly in priority investment sectors. 

This comes as trade between the two nations continues to expand. In February, Saudi Arabia exported SR641 million ($170 million) to Canada, marking an 86.6 percent increase from SR344 million in February 2024, according to data from the Observatory of Economic Complexity.

It also follows an agreement in January 2024 for both countries to re-exchange trade delegations to enhance economic relations and boost trade and investment flows. 

In a subsequent post on X, Al-Falih stated: “The dialogue took place between me and Anita Anand, the Canadian Minister of Foreign Affairs, in the presence of the Saudi ambassador to Canada, Amal Yahya Al-Moallimi.” 

He added: “We discussed supporting and strengthening relations between our two countries, and facilitating investment exchange, in order to achieve more fruitful cooperation in the most important sectors, which will bring success to both peoples.” 

Artificial intelligence has become a central pillar of Saudi Arabia’s post-oil economic strategy, with the Kingdom leveraging advanced technologies to drive data-led industries and automation. 

Now at the halfway point of Vision 2030, the country is accelerating efforts to position itself as a global technology leader, balancing innovation with sustainability goals. 
Key initiatives — including the Project Transcendence program, valued at around $100 billion — aim to further establish Saudi Arabia as a global hub for AI innovation. 

Over the past five years, Saudi Arabia has made significant progress toward establishing itself as a regional artificial-intelligence hub. PwC projects that AI could contribute about $235 billion — or 12.4 percent — to the Kingdom’s gross domestic product by 2030.