Business | Tourism

Riyadh seeks private investment in tourism

Saudi Arabia is aiming at attracting more private investments in the tourism sector as a source of revenue and economic growth.

  • By Mariam Al HakeemCorrespondent
  • Published: 00:05 March 26, 2008
  • Gulf News

Riyadh: Saudi Arabia is aiming at attracting more private investments in the tourism sector as a source of revenue and economic growth.

Speaking at the Saudi Travel and Tourism Investments Market, organised by the Supreme Commission for Tourism, Riyadh Governor Prince Salman Bin Abdul Aziz said religious tourism in particular is an important sector that is unique to Saudi Arabia.

"The major tourism industry that we have is Haj and Umrah as well as the visit to Madinah. No other country boasts of this service," he said adding that this industry provides a good opportunity for people to understand the rich cultural heritage of the Kingdom.

He invited businessmen to invest in developing the tourism sector, saying such investments are not only viable but also secure and safe.

  • Rate this article
  • Average reader rating (0 votes) 5 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Tourism

  1. UAE companies upbeat on prospects of a speedy recovery in tourism sector

  2. Middle East peace could bolster Gulf tourism

  3. India expects tourist arrivals to rebound

  4. Marriott expands operations

All articles in Tourism

More from Business

Gulf News
Popular in Business
Way to go this DSF
XPRESS

Way to go this DSF

A fun-filled route to guide you to all the happening dos in town

Business Editor's choice