Saudi Arabia: 10% of jobs to be in tourism
One in 10 Saudi jobs will be in the tourism industry by the end of next year, according to the Kingdom’s minister for the sector.
About SR500 million ($133 million) will be spent training citizens in the tourism industry, the minister said.
The government is preparing a road map to raise the readiness of nine tourist destinations and 42 targeted tourist sites, he added.
The role of the establishment of the Tourism Development Fund is to give long-term loans at very low costs to the private sector to invest in tourism, he said.
The minister claimed that Saudi Arabia is one of the 10 most powerful countries in domestic tourism.
The budget shows that Saudi Arabia is expecting a surplus next year for the first time since 2022. Ministers are forecasting a surplus of SR90 billion, while total revenues for 2022 are estimated at SR1.05 trillion. Spending is estimated to come in at SR955 billion — the lowest level since 2017.
