Saudi Arabia to Disclose Size of Recreational, Tourism Projects

Saudi Arabia to Disclose Size of Recreational, Tourism Projects

A Saudi official revealed a plan to expand the tourism sector and attract domestic and foreign investment, noting that the Ministry of Investment will soon announce the size and number of new entertainment and tourism projects in the Kingdom for 2023.

Eng. Bahaa A. Abdulmajeed, business development manager for tourism and entertainment at the Ministry of Investment, told Asharq Al-Awsat that work was underway with the concerned authorities on an investment plan to develop the entertainment sector, which would identify the potentials, the incentives and the challenges facing private institutions.

Abdulmajeed pointed to major projects leading the sector, such as in Qiddiya and the Red Sea regions.

He added that the ministry’s plan seeks to compensate for the losses incurred during the Covid-19 pandemic.

“Our view of the entertainment and tourism sectors is comprehensive. We are working on plans to support the sector and increase local and foreign investments, in order to create new entertainment opportunities,” the official stated.

Meanwhile, SEA EXPO, the Saudi Entertainment and Amusement Exhibition, will be held on May 28-30 in Riyadh. The event brings together professionals from the world of entertainment and attraction under one roof, to effectively address real-industry challenges and devise actionable solutions.

The Kingdom is increasing efforts to