MENALAC (Middle East,North Africa Leisure & Attraction Council) ’s Post

🎨 Saudi Arabia is investing $3 billion in cultural and heritage projects to boost tourism and cultural exchange. These investments are designed to enhance Saudi Arabia’s cultural landscape and provide opportunities for investors in the tourism sector. Learn how these projects can impact your investment strategy. Repost to 📤 share with your network And 👣 follow SharkBx for more of similar insights. #CulturalProjects #KSA #Tourism

The Ministry of Investment of #SaudiArabia (#MISA) recently published a report titled "#Invest in #Coastal #Tourism in #SaudiArabia". This report highlights the nation's commitment to developing its coastal tourism sector by encouraging #investment and #outlining recent regulatory, legislative, and #business #advancements within the industry. It emphasizes the Kingdom's dedication to protecting the environment while promoting sustainable development goals. The report serves as a guide for potential investors, showcasing the abundant opportunities available in this burgeoning sector. ▪️ Saudi Arabia is actively pursuing a strategy to #diversify its #economy and #reduce its #reliance on #oil. Tourism, particularly coastal tourism, plays a key role in this #vision. The #RedSea #mega #projects, with their focus on #luxury and #sustainability, are prime examples of the Kingdom's ambition. These projects aim to #create significant #economic #growth, generate #employment #opportunities, and strengthen Saudi Arabia's position as a #leading #tourism #destination. ▪️By highlighting the regulatory developments and investment opportunities, #MISA's #report aims to attract both domestic and international investors. The focus on sustainable practices and environmental protection further enhances the appeal of these investment prospects. The "Invest in Coastal Tourism in Saudi Arabia" report is a clear signal of Saudi Arabia's commitment to transforming its coastal regions into thriving tourism hubs while preserving their #natural #beauty, #cultural #heritage and #hospitality. ⬇️ https://lnkd.in/dneed8Zn

During the Investment Forum for Mountainous Governorates in #Jazan, Edie Rodriguez and I discussed how Jazan can set a new benchmark for #rural_tourism, not only nationally but globally. We also highlighted the importance of collaboration between #Aseer and #Jazan (being neighour provinces) to create compelling, nature-based tourism experiences that showcase the region’s unique beauty, culture and potential. The entire session is 40 minutes, here is 10 minutes of it. #Tourism #Saudi_Arabia Aseer Development Authority (ASDA) - هيئة تطوير منطقة عسير Ministry of Tourism of Saudi Arabia Adel Mohammad Almutlaq Dr.Hasan Almakrmi ريف السعودية Dan - PIF Company

From vision to reality .. Saudi Arabia’s tourism sector has emerged as a powerhouse, becoming the second-largest contributor to the national balance of payments after oil. With a record-breaking SAR 48 billion in revenues for 2023, the momentum is unstoppable. Here’s to shaping a future where tourism takes center stage in our nation’s success story. 🌟 #VisitSaudi #TourismLeadership #SaudiTransformation #InnovationInTourism

It is inspiring to see how Saudi Arabia's #culturalrenaissance is establishing benchmarks in global arts, culture, and tourism, integrating cultural tourism with #realestatedevelopment. As a fundamental pillar of Vision 2030, this approach transforms the Kingdom’s #urbanlandscape, promoting vibrant communities and sustainable growth. Cultural tourism is a key driver of #realestatevalue and #economicprosperity. Projects that exemplify this integration embed cultural assets into real estate developments. This strategy enhances the appeal of these developments, strengthens #socialcohesion, and creates #dynamichubs for residents and tourists. It is also clear that the #economic impact is profound, with cultural investments projected to generate $20 billion in revenue and create over 100,000 jobs by 2030. These initiatives stimulate related sectors such as hospitality, retail, and food services, further driving real estate demand and value. Sustainability is also at the heart of these projects, as demonstrated by eco-friendly designs, local materials, and energy-efficient technologies. Saudi Arabia’s integration of cultural tourism into real estate highlights our commitment to preserving #culturalheritage while promoting modern #urbandevelopment. I believe this is a vision to create enduring experiences that enrich lives and establish the Kingdom as a #cultural and #economic #leader on the global stage. #realestateinvesting #realestatedevelopment #propertymanagement #sustainabledevelopment #marketanalysis #investmentstrategies #financialmodeling #riskassessment #commercialrealestate #urbanplanning

Saudi Vision 2030, a plan for a prosperous future for the Kingdom, has three strategic objectives: to develop “a vibrant society, a thriving economy, and an ambitious nation.” Those driving this vision intend to make Saudi a global hub for investment, innovation, diversified economy, and tourism. Tourism in Saudi Arabia, historically tied to the Kingdom’s religious significance, has begun to experience a revival after decades of being closed to foreign tourism. Today, the development of a thriving tourism industry is considered crucial for economic, social, and cultural growth, especially considering the Kingdom’s numerous and diverse archaeological sites (including six listed on UNESCO's World Heritage List), a clear competitive advantage, and its vast area, several times larger than neighboring countries. ‘Economic Growth Amid Efforts to Open Up: When Will Saudi Arabia Become a Tourist Destination?’ | Mahasen Ajam Read this article and more, at raseef22.net/english/ #Raseef22 #Vision2030 #SaudiArabia

Abu Dhabi Fund for Development (ADFD) has announced an additional loan of AED147 million ($40 million) to the island nation of Maldives to support the completion of its Velana International Airport project.    This follows an earlier loan of AED183.5 million ($50 million) provided in 2017 for the project’s initial phases, highlighting the airport’s vital role in driving tourism, a key pillar of the Maldivian economy. Read more on https://lnkd.in/d5aXAmEW #ABCgcc

𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐈𝐬 𝐌𝐚𝐤𝐢𝐧𝐠 𝐀 𝐇𝐢𝐠𝐡-𝐑𝐢𝐬𝐤 $𝟏 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐁𝐞𝐭 𝐎𝐧 𝐓𝐨𝐮𝐫𝐢𝐬𝐦 According to a report, Saudi Arabia intends to reshape its economic environment as part of its ambitious transition to become a worldwide tourism powerhouse. With the help of Crown Prince Mohammed bin Salman's Vision 2030 plan, the kingdom hopes to become a popular tourism destination, lowering its dependency on oil earnings and drawing a wide range of visitors, including those interested in luxury and culture. Read More: https://lnkd.in/ggz2vG53 #AsiaOneMagazine #media #dailyupdates #todaynews #newsupdates #newstoday #todaysnews #newsupdate #breakingnews #latestnews #trendingnews #newsfeed #currentnews #saudiarabia #tourism #economy #economynews

Saudi Arabia is undergoing a significant transformation, largely driven by seven Giga-projects spearheaded by the Public Investment Fund (PIF). -NEOM: This futuristic city on the Red Sea coast aims to be a global leader in sustainability and innovation. It will be powered entirely by renewable energy and will focus on cutting-edge technologies. -Qiddiya: Situated southwest of Riyadh, Qiddiya is being developed as a world-class entertainment and cultural destination. It will feature theme parks, sports facilities, and other attractions to boost tourism and the economy. -Diriyah: This project focuses on preserving and showcasing Saudi Arabia’s rich history and culture. By redeveloping UNESCO World Heritage Sites, Diriyah aims to become a major cultural and tourist attraction. -Red Sea Global: This initiative involves creating luxury tourism destinations on the Red Sea coast while prioritizing environmental conservation. The goal is to set a new standard for sustainable tourism. -New Murabba: Located in Riyadh, New Murabba is a massive urban development project centered around an iconic cube-shaped building. It will include residential, retail, and cultural spaces, contributing to the city’s modernization. -The Rig: This unique project aims to transform an offshore oil platform into a luxury tourism destination offering adventure, entertainment, and hospitality. It symbolizes Saudi Arabia’s shift towards a diversified economy. -King Salman International Airport: This massive airport expansion project in Riyadh will significantly enhance Saudi Arabia’s global connectivity and position the country as a major aviation hub. These projects collectively aim to diversify the Saudi economy, create jobs, attract foreign investment, and enhance the country’s global reputation. #SaudiArabia #GigaProjects #PIF #NEOM #Qiddiya #Diriyah #RedSeaGlobal #NewMurabba #TheRig #KingSalmanAirport #Sustainability #Innovation #CulturalHeritage #LuxuryTourism #EconomicDiversification #SaudiVision2030 #GlobalConnectivity #FutureCities

Ahmed Al Khateeb, Saudi Arabia's Tourism Minister, announced that investment in the tourism sector is expected to reach $500 billion over the next 15 years. The Kingdom plans to spend $100 million annually to train 100,000 nationals. According to the Saudi Gazette, private investment is estimated at $500 billion over the next 15 years for these projects." Al Khateeb noted during a panel discussion at the Local Content Forum. In his remarks, Al Khateeb said the tourism sector represents a fundamental pillar of the national economy and one of the cornerstones of the Kingdom's Vision 2030. A testament to this commitment are megaprojects such as those being constructed in NEOM, the Red Sea, Qiddiya, and Diriyah. #saudiarabia #saudivision2030 #saudia #business #growth #tourism #strategy #vision #neom #riyadh2030 Source - Finance Middle East