Public-private sector collaboration will boost tourism investment in Saudi Arabia, says deputy minister  

Public-private sector collaboration will boost tourism investment in Saudi Arabia, says deputy minister  

RIYADH: Saudi Arabia’s government is collaborating with the private sector to double tourism investments in the coming years and creating a sustainable and growing environment, according to a top government official.

Speaking at the Future Hospitality Summit currently being held in Riyadh, Deputy Minister of Investment Attraction Mahmoud Abdulhadi said the Kingdom’s leadership is striving to present investors with the appropriate tools to boost funds into the sector.

“Our role today in the concept of a public-private partnership is to make sure that we are working very closely with the private sector to create a sustainable investable tourism environment in the Kingdom of Saudi Arabia,” said the minister during a panel called “Case Study - Private and Public Sector Collaborate to Accelerate Lifestyle Developments and Promote New Destinations.”

In the coming three to four years, the inflow of investments in the private sector will be more than double what the Kingdom witnessed in the last three to four years, added Abdulhadi.

Additionally, the evident transition from investors looking at single assets to a portfolio is shifting the government’s view of how people perceive the tourism sector.

Whether it is an interest in pure one-time assets, large portfolios, or a market segment, the range of different