Saudi Arabia to work with tourism to lead post-COVID economical recovery
While Saudi Arabia has strengthened its serious endeavor towards tourism transformation, and the forming of a built-in tourism destination, a tourism fund is likely to contribute to providing government financing to investors, and support complete development projects in this sector, based on the country's media reports.
Experts found in the tourism sector expect that the acceleration of expansion found in the tourism sector would increase the kingdom’s opportunities in the Post-COVID-19 global tourism map, the reports further added.
Saudi Arabia is going towards the advancement of fresh tourist areas to improve tourism as a vital sector and among the channels for diversification of the countrywide economy.
The project of the tourism development fund in Saudi Arabia will donate to providing government funding to investors, and it will also help in completing the important tourism sectors that may have rewarding returns, furthermore to reaching the goals of tourism, monetary and service development, specialists said.
Majid Al Hokair, CEO of Al Hokair Group, a significant Saudi entertainment and hospitality group with 79 entertainment centers and 34 hotels pass on across Saudi Arabia and UAE, stated acceleration of development in the tourism sector would raise the Kingdom’s opportunities in the brand new tourism map, especially after the start of mega tasks that may have a significant impact on the world stage and the creation of natural sites on cooperation with the greatest international companies on the hospitality and hotel sector, to build up the tourism sector, explore the type of the Kingdom in all aspects and create new jobs for the persons of the Kingdom.
Tourism, including travel, lodging, food and traditions, contributes almost 10 per cent of EU GDP, even though between June and August, EU residents typically get 385 million tourism excursions and spend USD 205 billion.
“Constant warnings of precautionary protocols and bans may also affect tourism in the brief and long haul,” Al Hokair stated, indicating that the Saudi Tourism Authority centered on the marketing side and has been working on various initiatives for domestic tourism destinations, and announced an ambitious programme for this purpose, as you will have holiday destinations to Yanbu, Umluj and Jeddah, and after that Mecca will be available for the performance of Umrah, Taif, and the southern Suda and its environs.
Khaled Al Rasheed, CEO of the Arab Tourist Gurus Association, explained that the kingdom can be a crucial tourist destination, featuring various different tourist attractions, both Holy Mosques, designed tourist infrastructure, and huge spending from the state through giant tasks in the tourism sector to build a global competitive tourist destination and promote that through advertising campaigns and through global events embraced by simply the Kingdom, such as for example overseas festivals and exhibitions, and the great tourist movement.
Al Rasheed added tourism - which employs one on 10 workers global, and with a proven background for resilience through the 2008-2009 financial meltdown - can be well-placed to lead potential recovery, but this will need until 2023 and could reach 2025.
Jobs that support the kingdom’s tourism opportunities include the futuristic mega metropolis of Neom; Qiddiya task, which will be the capital of Entertainment, Activities and the Arts in Saudi Arabia; Global Crimson Sea projects; AMAALA task which will curate transformative, personal journeys inspired by arts, wellness and the purity of the Crimson Sea; Development of all natural preserves; Protect the old monuments and wide open them to guests; and Exploitation of Saudi islands.
