Ross Byrnes’ Post

The Middle East is undergoing a rapid transformation, fueled by economic growth and a booming tourism sector. Countries like the UAE, Saudi Arabia, and Oman are making significant investments in tourism infrastructure, which is driving demand for real estate across residential, commercial, and hospitality sectors. This makes the region one of the most attractive markets for global investors. Explore how tourism is shaping the Middle East’s real estate landscape in our latest blog at https://lnkd.in/geVm9-qb #MiddleEast #RealEstate #Tourism #InvestmentOpportunities #UAE #SaudiArabia #Oman #Seabeats

Laws for investment opportunities in Saudi tourism should be more open and flexible like Dubai. New policies and laws should support investors and talent to open the following: 1. Luxury Hotels and Resorts for exclusive experiences. 2. Eco-Tourism for sustainable and eco-friendly options. 3. Cultural and Heritage Tourism to showcase local attractions. 3. Adventure Tourism for thrill-seekers with safety measures. 4. Medical Tourism for healthcare services combined with travel. 5.Tourism Technology for digital solutions like travel apps. 6. Cruise Lines for diverse travel experiences. 7. Theme Parks and Attractions for varied revenue streams. Choose wisely based on target market, location, and industry trends. Ministry of Investment Ministry of Commerce - Saudi Arabia Ministry of Economy and Planning - MEPsaudi Public Investment Fund (PIF) Saudi Vision 2030 #TourismInvestments #SaudiArabia #InvestmentOpportunities Ministry of Tourism of Saudi Arabia Ministry of Energy

The recent decision by Saudi Arabia to suspend municipal fees for hotel and resort licenses marks a pivotal step toward bolstering the Kingdom's tourism sector. This initiative, aligned with Vision 2030, not only enhances the investment climate but also strengthens tourism infrastructure by reducing operational costs. By fostering greater competitiveness and streamlining processes, Saudi Arabia is positioning itself as a world-class destination while driving economic diversification and job creation. Exciting times ahead for investors and tourism stakeholders! #Vision2030 #SaudiTourism #InvestmentOpportunity

As Saudi Arabia continues its ambitious journey under Vision 2030, the #hospitalityindustry has emerged as a key player in the Kingdom's economic diversification efforts. With a staggering 58% growth in passenger arrivals in 2023 alone, the nation's tourism targets have been recalibrated, aiming for 150 million visitors by 2030, a milestone initially set for 100 million. This remarkable growth is a testament to Saudi Arabia's ongoing investments in infrastructure, tourism transformation, and the hospitality sector. From the development of world-class resorts like those in NEOM and the Red Sea Project to innovative initiatives like the Riyadh School for Tourism and Hospitality, the Kingdom is ready to become a premier global destination. However, achieving these ambitious goals requires more than just infrastructure. The focus on training and development is crucial. Programs such as the partnership between the Ministry of Tourism and UN Tourism, alongside the launch of Riyadh School for Tourism, are set to revolutionize industry education, ensuring that Saudi Arabia's hospitality professionals are equipped with the skills to deliver top-tier, globally recognized services. As we gear up for Expo 2030, the hospitality sector's ability to attract and retain talent will be fundamental. With competitive compensation, innovative training programs, and a strong emphasis on sustainability and luxury, Saudi Arabia is not just meeting but surpassing its Vision 2030 goals, setting a new standard in the #globalhospitality landscape. #saudivision2030 #hospitality #tourism #traininganddevelopment #riyadh #saudiarabia #globaltourism #expo2030 https://lnkd.in/dgykuWM5

#SaudiArabia has announced #strong #growth in its #tourism #sector, with a significant increase in #accommodation #licenses and available #rooms in the third quarter of 2024 compared to the same period in 2023. The Ministry of Tourism of Saudi Arabia reported a 99% rise in the number of licenses issued for various types of tourist accommodation, including #hotels, serviced #apartments, and #tourist #inns. This surge reflects the Kingdom's ongoing efforts to expand and diversify its tourism offerings, catering to a wider range of #visitor #preferences and #budgets. ▪️In addition to the growth in licenses, the number of available #rooms within these facilities saw an even more impressive #increase of 107%. This #substantial #expansion in accommodation capacity demonstrates #SaudiArabia's commitment to meeting the rising demand for tourist facilities and ensuring a comfortable and enjoyable stay for all visitors. The increase in both licenses and #room #availability points to a thriving #tourism #industry in the Kingdom, driven by strategic investments and initiatives aimed at attracting both domestic and #international #travelers. ▪️These positive developments underscore the effectiveness of #SaudiArabia's #tourism development strategies, which focus on enhancing the visitor experience, promoting diverse attractions, and ensuring high-quality services across the hospitality sector. This #growth aligns with the goals of #Saudi #Vision2030, which aims to diversify the Kingdom's economy and establish tourism as a key sector for growth and job creation. By fostering a #welcoming and dynamic tourism #environment, the Kingdom is steadily solidifying its position as a leading #destination in the #region. #Hospitality

RIYADH: As Saudi Arabia embarks on its ambitious journey outlined in Vision 2030, the hospitality industry emerges as a pivotal player in the Kingdom’s economic diversification efforts. The sector continues to evolve, with a focus on attracting international visitors and enhancing domestic tourism experiences. In 2023, the Kingdom’s travel industry not only met but exceeded expectations, experiencing a staggering 58 percent growth in passenger arrivals. This prompted a substantial recalibration of its Vision 2030 ambitions. #saudiarabia #HaysKSA

Tourism has been a key strand of Saudi Arabia's Vision 2030, initiating forward-thinking projects like NEOM and AIUIa. Central to the success of these destinations has been embracing local heritage, positioning them as "Saudi Authentic and Culturally Attractive," says our Senior Strategic, Sara Faisal. "Tier-two cities like Ha’il, Jizan, AlBaha and many more offer authenticity, cultural comfort zones, a slower-paced environment, and a strong sense of community. These cities are crucial in preserving and promoting Saudi Arabian hospitality and generosity values. By enhancing local infrastructure, they provide unique and genuine experiences that resonate with both domestic and international tourists seeking cultural immersion." Take a further look into how Saudi Arabia is utilising destinations to boost economic diversification and global tourism here: https://im.ag/4d4OgFX #ImaginationGLBL #Vision2030 #SaudiTourism #NEOM #CulturalHeritage #AuthenticSaudi #TourismDevelopment #GlobalTourism #ExperienceEconomy #BrandExperience #Destinations ArabAd

Saudi Arabia is skyrocketing in the global tourism scene. Bold moves and strategic investments reflect its commitment to a diversified economy. Saudi is not just talking the talk; we’re walking the walk. How? By diving into fresh trends like wellness, astrotourism, and gastrotourism. Picture this: beneath starlit skies or savoring local culinary delights, visitors experience more than just a trip—they connect with the culture. This exciting shift is all part of Saudi Vision 2030, transforming the nation into a vibrant, multifaceted hotspot. A jaw-dropping 207% surge in tourism revenue isn’t just a number—it’s a testament to the world’s growing confidence in what Saudi Arabia brings to the table. It's a shining example of a sustainable tourism model that could light the path for other nations. Take this as a call to action. Dive into the extraordinary. Let Saudi Arabia show you how dreams of growth and sustainability can be made real. 🌟 #sauditourism #sustainabletravel #tourismgrowth #culturalheritage

#saudiarabia 's Tourism Transformation 💼   💰 Attracting Investments: The Kingdom of Saudi Arabia secured $13 billion in #privateinvestments in tourism in 2023, setting the stage for remarkable growth. With revenue expectations soaring by 28%, from $66 billion in 2023 to $85 billion in 2024, the nation is poised for a tourism boom.   🏨 Hotel Expansion and Economic Impact: Anticipate a surge in hotel infrastructure, adding 150,000 to 200,000 rooms by 2024. This push aligns with Saudi Arabia's broader vision of increasing tourism's #GDP contribution to 10% by 2030, fueling economic prosperity and #jobcreation. With a visitor count skyrocketing to 106 million in 2023 and ambitious investment targets set, Saudi Arabia is on the fast track to becoming a global #tourismhub. #SaudiTourism #EconomicGrowth #InvestmentOpportunity #60secondhospitality #AtharJ #hospitality #trendingpost #trendingnow #trends2024 #Tourisminsights Tourism Insights 🌍 https://lnkd.in/eFiFCBqR

In a bold step towards transforming its tourism industry, Saudi Arabia has officially suspended fees for issuing commercial licenses in the hospitality sector—covering hotels, hotel apartments, and residential resorts. This decision, effective from September 4th, forms part of the broader Tourism Investment Enabler Program, launched in March, and is a direct reflection of the country's commitment to its ambitious Vision 2030. By removing these financial barriers, Saudi Arabia is creating an environment that’s highly attractive to investors, fueling rapid growth and innovation in the tourism and hospitality sectors. Not only will this generate new jobs, but it will also significantly boost the Kingdom’s GDP as tourism expands. With over $800 billion earmarked for economic diversification, Saudi Arabia is well on its way to becoming a global hub for tourism, reducing its reliance on oil exports. This initiative sends a clear message to the world—Saudi Arabia is open for business and ready to become one of the most sought-after travel destinations in the coming years. #TourismGrowth #SaudiVision2030 #HospitalityInnovation