Saudi Arabia to invest $810b in tourism sector in next 10 years
The massive investment is expected to transform Saudi Arabia to a to leisure destination
Image Credit: Reuters
Dubai: Saudi Arabia will invest $810 billion (Dh2.97 trillion) worth of mega projects to help boost the tourism sector over the next 10 years, local media has reported.
Developed by the Public Investment Fund, the tourism projects will spread over 64,634 square kilometres, with an estimated value exceeding $810 billion, according to the Ministry of Tourism.
Among these, the $500 billion (Dh1.8 billion) NEOM leads the list of the mega projects — which once completed, will deliver a futuristic mega sustainable city, followed by the $10 billion Qiddiya Project, spreading across 334 square kilometres in Riyadh.