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News Articles | World Travel & Tourism Council (WTTC)

News Articles | World Travel & Tourism Council (WTTC)

Tourism in Saudi Arabia set to see fastest growth in Middle East over next decade

Employment in this industry will double by 2032

The industry is expected to surpass pre-pandemic levels by next year

Saudi Arabia to host WTTC 22nd sessionnd Global summit later this year

London, England: World Travel & Tourism Council (World Trade Center) revealed that tourism in Saudi Arabia is expected to grow at an average annual rate of 11% over the next decade, making it the fastest growing tourism industry in the Middle East.

According to WTTC’s latest Economic Impact Report (EIR) forecast, this annual growth rate is more than six times the country’s overall economic growth rate of 1.8%, and will drive the Saudi economic recovery.

By 2032, the contribution of tourism to GDP will reach nearly SAR 635 billion, accounting for 17.1% of the total economy.

The forecast also shows that employment in the tourism industry could double over the next 10 years, creating more than 1.4 million jobs and reaching almost 3 million in the sector by 2032.

Forecasts for employment and the sector’s contribution to the Kingdom’s economy exceed the ambitious targets set by the government’s Vision 2030 strategic framework.

By 2023, after two painful years, the contribution of tourism to the national economy in Saudi Arabia is likely to exceed pre-pandemic levels, when it is expected to grow by 2% from 2019 levels to nearly 297 billion stri. Yar.

Employment in the industry is also likely to exceed 2019 levels by 14.1%, creating more than 223,000 additional jobs and surpassing 1.8 million by the end of next year.

The sector’s contribution to GDP is expected to grow by 15.2% to nearly SAR 223 billion by the end of the year, accounting for 7.2% of the economy’s total GDP, while employment in the sector will increase by 16.1% to more than 1.5 million jobs.

According to the global tourism body, due to hosting WTTC’s 22nd This year’s global summit, held in Riyadh from 28 November to 1 December, saw an average recovery following the government’s sweeping commitment to tourism, ensuring it remains at the forefront of the global agenda.

Julia Simpson, President and CEO of WTTC, said: “During these difficult times for our industry, the Saudi Arabian government has recognized the importance of tourism and led the world towards recovery. Under his leadership, Travel & Tourism will be the driving force of Saudi Arabia’s economy and will exceed the goals set in its Vision 2030 blueprint.

“I would like to commend Ahmed Al Khateeb who has shown strong leadership during this crisis, driving growth in the sector through unprecedented investment and new approaches to tourism.

“I am delighted that the Kingdom hosted our 22nd Global Summit, we will be able to continue our efforts to showcase the importance of tourism and look to the future of tourism. “

Before the pandemic, Saudi Arabia’s tourism industry’s total contribution to GDP was 9.7% (SAR 291.6 billion) in 2019, falling to just 6.6% (SAR 190.6 billion) in 2020, a loss of ​​An astonishing 34.6%.

The industry also supported nearly 1.6 million jobs before international travel came to a near-total halt, resulting in the loss of 350,000 people (22.2%), reaching just over 1.2 million in 2020.


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