Money & BusinessSaudi Arabia

Saudi to invest $1 trillion in tourism over next 10 years

Saudi Arabia has set aside more than $1 trillion to invest in the tourism sector over the next 10 years.

The kingdom is also one of the biggest investors in tourism, which was hit hard by the travel restrictions during the Covid-19 pandemic. The kingdom believes that the recovery of the global economy depends on the recovery of the tourism sector.

The tourism sector is expected to provide 260,000 jobs over the next three years while it aims to provide one million jobs by 2030, bringing the total to about 1.6 million jobs.

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Source
The National News

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