“A brand new document”… Customer spending in Saudi Arabia exceeds 100 billion riyals

Because of the efforts of the Ministry of Tourism, a significant outcome has been achieved in growing the spending of holiday makers coming from overseas to the Kingdom of Saudi Arabia. In response to steadiness of funds information from the Central Financial institution of Saudi Arabia, complete spending by guests reached over 100 billion riyals within the first three quarters of 2023, serving to to realize a journey surplus amounting to 37.8 billion riyals, with a development price of 72% in comparison with the earlier 12 months.

Tourism within the Kingdom of Saudi Arabia – Picture supply: Sky Information

This achievement comes as a part of the restoration of the tourism sector of the Kingdom of Saudi Arabia, because the restoration price reached 150% in comparison with the degrees earlier than the “Covid-19” pandemic, and reviews of the World Tourism Group have confirmed that Saudi Arabia Saudi leads G20 international locations when it comes to development price within the variety of arriving vacationers and ranked second as a vacationer vacation spot and is the one of many quickest rising locations on the planet.