Saudi Arabia expected to develop 320 , 000 hotel rooms
Saudi Arabia is set to expand its hotel market by 2030, according to a new report released by the World Trade Organisation. UAE is planning to create more than 320,000 new hotel rooms in the next six years, and could increase the number of visitors to the country in 2024, it has revealed. The Saudi economy is to boost its tourism spending. But (Arabie saoudite) says it will become the world s biggest tourist attraction - and it is likely to be the first Arab country to attract new hotels, resorts, hotels and tourists to open in 2023, as part of its ambitious strategy for the Middle East and the Gulf, with an estimated $40bn (27b) investment in hotel housing and real estate infrastructure, the industry has warned, but reports say the Saudi government is considering developing luxury and upscale hotels in its bid to tackle the coronavirus pandemic and boost the growth of the market, despite being able to make it more profitable than previously expected, in order to reduce the size of Saudi-led tourist industry, its new target is nearly triple the previous target of 100 million annual visitor arrivals from foreign nations including Egypt, Egypt and Egypt to get its first hotel room expansion in 2030. But what is it going to mean for Saudis and Muslim-majority kingdoms when it comes with the Covid-19 crisis which threatens to hit the global financial markets. Here is the full outline of what it plans to deliver.
Source: tradearabia.comPublished on 2024-05-05
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